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CLOSURE OF FIRSTRATE TERM DEPOSITS AND FIRSTRATE SAVER INVESTMENT OPTIONS IN FIRSTCHOICE INVESTMENTS

Following a recent review of investment options, a decision has been made to close the investment options listed in the table below.

Product Investment option
FirstChoice Wholesale Investments
FirstRate Wholesale Term Deposits
FirstChoice Investments

FirstRate Term Deposits

FirstChoice Wholesale Investments FirstRate Wholesale Saver
FirstChoice Investments FirstRate Saver

How will this impact me?


To allow investors sufficient time to decide the most effective way to allocate their money, the closure of the investment options will happen in stages.

Product Investment option Termination and Closure Date
Direction of Funds

FirstChoice Investments

FirstChoice Wholesale Investments

FirstRate Term Deposits 6 August 2021   13 April 2021

FirstChoice Investments

FirstChoice Wholesale Investments

FirstRate Saver 26 August 2021
We will pay each deposit holder the proceeds from the termination to their nominated bank account from 26 August 2021.

We’re here to help

If you would like more information regarding this closure, please speak to your financial adviser or call us on 13 13 36, Monday to Friday, 8am to 7pm, Sydney time.

Disclaimer
Colonial First State Investments Limited ABN 98 002 348 352, AFSL232468 (Colonial First State) is the issuer of FirstChoice Wholesale Investments and FirstChoice Investments. Commonwealth Bank of Australia ABN 48 123 123 124, AFSL234945 (the Bank) is the issuer, and Colonial First State is the administrator, of FirstRate Saver and FirstRate Term Deposits. Colonial First State is a wholly owned subsidiary of the Bank. The Bank and its subsidiaries do not guarantee the performance of FirstChoice or the repayment of capital by FirstChoice. This document may include general advice but does not take into account your individual objectives, financial situation or needs. 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. The PDS and FSG can be obtained from colonialfirststate.com.au or by calling us on 13 13 36.