Can a body corporate invest sinking funds in a high interest cash ETF instead of term deposits?
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Our body corporate maintains several term deposits, timed to mature around key expenses each year. Each time one matures, we review the available rates and estimate how much we can afford to lock away for different periods. This distracts from our main business of managing the building. I have recently seen personal financial management advice suggesting term deposits are old-fashioned and inflexible, and that modern practice is to use high interest cash ETFs.