It is a good idea to invest funds, not required in the immediate future, in Term Deposit Account. The funds placed in Term Deposit grow faster, as they earn a high rate of interest. In case of exigency, however, the funds can be redeemed by sacrificing a small amount of interest. This is a very good option for keeping savings for the rainy days or accumulating savings for a bigger investment. Secured Line of Credit / Overdraft Facility or Credit Card can be taken against the security of Term Deposits.