A deposit Tracker Bond that is described as a 'Fixed term' deposit corresponds to which category?

• A. Fixed term.
• B. Notice.
• C. Demand.
• D. Tiered.

Answer: (A)

Understanding deposit categories hinges on how and when you can access your money. If a deposit is described as a “Fixed term,” that tells you the money is intended to stay put for a set period, with a known maturity and usually a predetermined (often fixed) rate. That alignment means the product fits the fixed term category, because the key feature is the fixed time commitment.

In contrast, a notice account would require you to give advance warning before you withdraw, a demand (or instant-access) account allows immediate withdrawal, and a tiered product describes how interest rates change based on the balance rather than the term. Since the descriptor here explicitly states “Fixed term,” the correct category is fixed term.