Introducing FirstRate Cash on FirstChoice Wholesale Investments

 

The FirstRate Cash fund is a very low risk option which sets out to generate positive interest income each month by depositing funds with Commonwealth Bank of Australia.

FirstRate Cash target return and management fee and cost

 

As of 8 November 2023,

FirstRate investment choices
Current target return rate (p.a.)
Current management fee and cost (p.a.)
FirstRate investment choices

FirstRate Cash1

Current target return rate (p.a.)

4.81%

Current management fee and cost (p.a.)

0.24%

FirstRate investment choices

FirstRate Cash (Non-Auto-rebalancing)1

Current target return rate (p.a.)

4 .81%           

Current management fee and cost (p.a.)

0.24%

FirstRate return rates and administration fee

 

As of 15 January 2024,

FirstRate investment choices
Current return^ (p.a.)
Current administration fee (p.a.)
FirstRate investment choices

FirstRate Saver2

Current return^ (p.a.)

4.45%

Current administration fee (p.a.)

0.60%

FirstRate investment choices

FirstRate Saver (Non-Auto-rebalancing)3

Current return^ (p.a.)

4.45%

Current administration fee (p.a.)

 

0.60%

FirstRate Term Deposits3

 

As of 20 November 2023,

FirstRate investment choices
Current return^ (p.a.)
FirstRate investment choices

3 month Term Deposit

Current return^ (p.a.)

4.75%

FirstRate investment choices

6 month Term Deposit

Current return^ (p.a.)

4.95%    

FirstRate investment choices

9 month Term Deposit

Current return^ (p.a.)

4.95%

FirstRate investment choices

12 month Term Deposit

Current return^ (p.a.)

5.05%

FirstRate investment choices

2 yearTerm Deposit

Current return^ (p.a.)

4.80%

FirstRate investment choices

3 year4 Term Deposit

Current return^ (p.a.)

4.75%

FirstRate investment choices

5 year4 Term Deposit

Current return^ (p.a.)

4.80%

Speak to a financial adviser

 

If you’re concerned about the impact of rising interest rates on your super, or if your investment strategy isn't appropriate for your stage of life, the best thing to do is speak to a financial adviser. They can help you determine whether your super is still on track to reach your financial goals.

 

When it comes to super, keep in mind that it’s a long-term investment that will inevitably go through all sorts of market conditions over the years – high interest rates, low interest rates, market downturns, and market booms. It’s part of the lifecycle of investing.     

We're here to help

 

If you would like to talk to someone about your financial goals, you can use our online tool to connect with a financial adviser near you. At Colonial First State, we are working hard to make sure you have the support you need. We will continue to monitor markets, share regular market updates, and communicate closely with our network of experienced investment managers.

 

As you keep your long-term goals top of mind, remember our team is here to help – with news, insights and helpful resources available on our website to help keep you up-to-date.

All rates/returns are net of fees and costs but before taxes. All management fees and costs and administration fees disclosed include the net effect of GST and any related GST credits.

 

^ This interest rate does not include a deduction for the tax payable by the super fund on earnings, currently up to 15%. For example, if the interest rate quoted above is 1.00%,your investment should earn at least 0.85%. There is no tax payable on earnings in the pension phase.

1 Available in FirstChoice Wholesale Investments only. Investment returns and capital repayment are not guaranteed. The target return rate is indicative and based on the underlying deposit interest rate less the management fee and cost. The actual return may vary to this rate and will fluctuate over time as a result of aggregate net daily deposits and redemptions. For actual returns, please visit the fund profile. The target return may change without notice if there are changes in the Reserve Bank of Australian Official Cash Rate and/or the interest rate we receive and/or changes in the management fee and cost.

2 Available in FirstChoice Wholesale Super, FirstChoice Wholesale Pension and FirstChoice Employer Super only.

3 Available in FirstChoice Wholesale Super and FirstChoice Wholesale Pension only.

4 For FirstRate Wholesale Term Deposits only, rates are for both annual and monthly payment options. Interest rates are usually updated weekly on a Monday, and are subject to change without notice. The rate received on a new term deposit at maturity may vary from current interest rates.

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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments. 

 

 

Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at  https://www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36