[committee] Protecting the rainy day fund

[Luke Williams]

On Wed, Oct 13, 2010 at 9:15 PM, Bob Adamson <bob at ucc.gu.uwa.edu.au> wrote:
> If you have another look at the term deposit rates, you will notice that
> there are *special* rates for certain time periods. Committee needs to be
> able to select the periods that will give the best interest rates and will
> pay out at times they deem suitable. This shouldn't really require a General
> Meeting as long as we've defined minimum reinvestment rates somewhere.

Why not leave the task of picking good investments at good times to
the experts? Even Westpac's most conservative managed funds match or
outperform their highest-yielding "special" term deposits, and there
are heaps of them to choose from depending on what you want from the
investment.