[one-half-first]As the treasurer of a strata building you will find yourself, at some stage, requested to make a decision about the investment of surplus funds.

As Strata buildings grow larger and older it is becoming more common for buildings to have over $500,000 or even $1,000,000 in surplus funds for future major works.

Now the investment of surplus funds to earn interest with a strata term deposit is straight forward but to make sure your surplus funds not build up, you need a schedule.

To optimise your investments and keeping your money working for you simple add additional funds each 90days after your levy is due.

To avoid the simple mistakes and neutralising the bennifits of your investments ask the following questions:
– how much does it cost to setup a term deposit with each different bank
– how much does it cost to rollover a term deposit

Once you know this you can work out when to review and make your investments, and also how long you need to invest to make a return.

This is a simple term deposit calculator with a breakeven check for the smaller and short term deposits.

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