Yeah, it is true that with any option you can lose money, even keeping the money in a sock under your pillow (if you consider inflation) makes you lose money, it all comes down to the amount of risk involved in each option and how much risk you want to take.

Term Deposits might be a good option when we know we would buy a property and do not have all the funds available. The problem is that you can only access it after the term is finished. If we need to act quickly, we cannot access the funds without paying a penalty.