A term deposit is an investment held in a financial institution (Aware Super members are invested in National Australia Bank Ltd) that has a fixed interest rate for a fixed period of time.
This option is not covered by the Government Guarantee (Financial Claims Scheme).
Term Deposit might be a suitable option:
Once funds are invested in a term deposit, you are generally locked into the term deposit. This means you can’t switch or withdraw those funds until the term deposit matures (ends).
Interest rates are subject to change without notice. The interest rate applied to your term deposit investment will be that applicable at the time your term deposit is processed with the term deposit provider. Depending on the timing of your application, the rate you receive may differ from the indicative rate shown at the time of application. An application received online on a non-business day is deemed to have been received by us before 3pm AEST/AEDT on the next business day.
15% tax is deducted from the interest paid on term deposits for:
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| 3 months | 6 months | 9 months | 12 months |
|---|---|---|---|
| 5.00% pa | 5.05% pa | 5.00% pa | 5.00% pa |
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Investment Objective
|
To outperform the returns of the Bloomberg AusBond Bank Bill Index, over rolling 12-month periods. This is before taking into account fees, costs and tax. |
Timeframe |
Members can choose a 3, 6, 9, or 12-month investment timeframe. |
Risk |
Short-term risk: Long-term risk: Estimated number of negative annual returns over any 20-year period: Less than 0.5 times. Learn more about short and long-term risk. Note: You could be exposing yourself to a greater risk of loss if you:
|
Cost of product for $50,000 account balance1 |
$127 Calculation of the fees and costs that can affect your super investment over a 1-year period. See here for more information on fees and costs |
Asset Allocation |
This is the target asset allocation for the option, effective 30 September 2024. Target Cash 100% |
1 The cost of product assumes a balance of $50,000. It includes administration fees and an estimate of ‘Investment fees and costs’ and ‘Transaction costs’. ‘Investment fees and costs’ and ‘Transaction costs’ are based on the fees and costs for the year ended 30 June 2024. Fees and costs can vary from year to year. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. If you have insurance, premiums will apply. Refer to the relevant PDS or Handbook for more information.
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Investment Objective
|
To outperform the returns of the Bloomberg AusBond Bank Bill Index, over rolling 12-month periods. This is before taking into account fees, costs and tax. |
Timeframe |
Members can choose a 3, 6, 9, or 12-month investment timeframe. |
Risk |
Short-term risk: Long-term risk: Estimated number of negative annual returns over any 20-year period: Less than 0.5 times. Learn more about short and long-term risk. Note: You could be exposing yourself to a greater risk of loss if you:
|
Cost of product for $50,000 account balance1 |
$167 Calculation of the fees and costs that can affect your super investment over a 1-year period. See here for more information on fees and costs |
Asset Allocation |
This is the target asset allocation for the option, effective 30 September 2024. Target Cash 100% |
1 The cost of product assumes a balance of $50,000. It includes administration fees and an estimate of ‘Investment fees and costs’ and ‘Transaction costs’. ‘Investment fees and costs’ and ‘Transaction costs’ are based on the fees and costs for the year ended 30 June 2024. Fees and costs can vary from year to year. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. If you have insurance, premiums will apply. Refer to the relevant PDS or Handbook for more information.
Scroll table horizontally on mobile
Investment Objective
|
To outperform the returns of the Bloomberg AusBond Bank Bill Index, over rolling 12-month periods. This is before taking into account fees, costs and tax. |
Timeframe |
Members can choose a 3, 6, 9, or 12-month investment timeframe. |
Risk |
Short-term risk: Long-term risk: Estimated number of negative annual returns over any 20-year period: Less than 0.5 times. Learn more about short and long-term risk. Note: You could be exposing yourself to a greater risk of loss if you:
|
Cost of product for $50,000 account balance1 |
$167 Calculation of the fees and costs that can affect your super investment over a 1-year period. See here for more information on fees and costs |
Asset Allocation |
This is the target asset allocation for the option, effective 30 September 2024. Target Cash 100% |
^As the Aware Super Term Allocated Pension (TAP) invests in the same way as Aware Super Retirement Income, this information also applies to members in the TAP.
1 The cost of product assumes a balance of $50,000. It includes administration fees and an estimate of ‘Investment fees and costs’ and ‘Transaction costs’. ‘Investment fees and costs’ and ‘Transaction costs’ are based on the fees and costs for the year ended 30 June 2024. Fees and costs can vary from year to year. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. Refer to the relevant PDS or Handbook for more information.
Each term deposit you hold must be a minimum of $5,000 and a maximum of $5 million. In addition, you must have:
When the term deposit matures, all money within the term deposit is transferred into the Cash option. Note that this is after any tax payable on the interest earned2 is deducted. You may then transfer the proceeds to the investment option(s) of your choice. You can do this by changing your investment options or applying for another term deposit.
We may allow a term deposit to be terminated early. This happens under special circumstances and at trustee discretion. If this occurs, there will be an interest adjustment. This will be in the form of a reduction in accrued interest.
Refer to the relevant PDS or Handbook for more information:
2 Applicable to Future Saver and Retirement Transition accounts.
You can choose to invest in one option or a combination of options. And you can switch your investment options at any time for free.
We’re here to help you achieve your financial goals. We can provide simple financial advice, over the phone, to answer any questions.
You can speak to a qualified financial planner who can help you make investment choices that meet your financial goals.
