New software release offers tools for prudent investors post-GFC

As the Australian bank term deposit market continues to expand with more Australian’s investing in term deposits, Reckon has today announced their latest Quicken release will include tools to manage term deposit accounts.

“The growth of term deposit bank accounts post-GFC has been remarkable. Research is showing that Australian’s have doubled their investment in term deposits in the last 5 years. While costs and flexibility may previously have concerned consumers, the bank interest rate offers are now seemingly more appealing to those looking for investment options with known returns and lower risk,” says Reckon’s General Manager, Marketing, Gerald Chait.

The new Quicken range, which includes Quicken Personal, Quicken Personal Plus and Quicken Home & Business, will be available in major retail stores from Monday, 1 November. The new Quicken term deposit tool will allow users to input the initial deposit amount and the time remaining until the account matures; then an alert will notify them when the account reaches maturity.

Reckon has also expanded the investment analysis tools in Quicken 2011, with HUBB Investor software now included for help with analysing stocks and recognising investment opportunities.

“Despite confidence in the economy growing, many people haven’t forgotten the lessons learnt in the last few years and want to establish a diverse investment portfolio. Term deposit accounts, property investments, Superannuation and stock market investments can all add together to make up an individual portfolio and all can be managed with Quicken.”

There are over 15 million Quicken users world-wide. All three products in the range include tools for creating a budget, managing spending, tracking loans, creating reports and preparing an annual tax return.

Quicken Personal Plus and Quicken Home & Business offer advanced tools for managing investments such as being able to download a share portfolio into the software, get the latest share prices from the stock exchange and conduct investment property analysis.

“The popularity of Quicken is driven by its affordability and advanced features that take out the guess work. If you’ve ever missed a bill payment, needed to reduce your credit card or simply want to know where your money is going, Quicken can do it,” says Chait.

As home-based businesses continue to grow in popularity, Quicken Home & Business has the most comprehensive functionality to manage both personal and business finances in one place. Professional business tools help with creating letterheads and invoices, plus it includes features for help with preparing BAS and tracking GST.

The Quicken 2011 product range starts at $89 RRP for Quicken Personal. Quicken will be available from 1 November at retailers nationwide and online at www.quicken.com.au