gets hacked, which has happened twice, no one can touch it). I am planning self-employment and have enrolled in some courses to upskill, but those won't make much of a dent in the account balance. I have no mortgage as I rent and face only the usual weekly/monthly/quarterly household bills. My kids are grown up so I don't have that expense. I won't qualify for Centrelink for about two years and don't want it anyway. I have prospects of casual work which will pay some of my bills until I get my own gig up and running. But I also don't want to just leave a large sum of money sitting in a regular bank account. Some hints on what to do with it to help me stretch it out over a good period of time, and perhaps not even need a lot of it to live on would be great. a term deposit may be your best bet Anna. If you can estimate how much of you payout you will have left in say 6 months, a year or a couple of years - you can place that amount in a term deposit for that length of time. They generally earn higher interest than transactions or even savings accounts and the money is secure. Von replied to Anna Wed 05 Sep 12 (12:11pm) I'd prefer high interest online savings accounts over term deposits. Definitely depends on the rates (i.e. whether the rates are going up or down) but even