Weighing What to Do With a Deposit Maturing Amid Rate-Cut Hopes

My deposit matures this month. I locked it in at around 4% last year, but now that I'm looking to renew it, the rate has dropped sharply.

People around me say that once the rate-cut cycle gets into full swing, keeping money tied up in a deposit will be a loss, so I'm thinking of putting some of it in a parking account and splitting the rest across other options. Short-term bonds and CD rates also catch my eye.

What's clear is that putting everything in one place like before no longer seems like the answer.