Corporate bonds and term deposits both are popular choices, but there are several dissimilarities between the two.
Term deposits and corporate bonds both offer steady income to investors, but since bonds are riskier than deposits, they tend to provide a higher return
You can trade corporate bonds in the secondary market
The yield on your investment depends on the interest rate that you receive. For term deposits, the return is fixed. But since corporate bonds are traded in the secondary market, their prices fluctuate depending on demand
Choices of terms deposits are numbered, but corporate bonds come in many forms, allowing you to diversify your portfolio and optimise returns