Superannuation

You’re never too old (or too young) to start planning for your retirement.

Capital Guaranteed Pension

Capital Guaranteed Pension

Low cost and simple to operate, our Capital Guaranteed Pension Account provides a regular income stream during your retirement.

Tax free income

for over 60s

Capital

Guaranteed

Online

access

Overview

 

The main features of the Capital Guaranteed Pension Account are:
 

  • No entry, investment or ongoing fees
  • Your choice of pension payment frequency (monthly, quarterly, half yearly, annually)
  • Online access
  • Tax free income for members over 60 years of age
  • Capital guaranteed – no risk of negative returns
  • Fixed term and variable rate investment options
  • Covered by the Financial Claims Scheme
  • Asset class 100% cash
To open a Capital Guaranteed Pension Account, download the PDS and application form, call us on 1300 13 23 28, or visit your nearest branch.

Rates & Fees

 

Here are the rates and fees for the Capital Guaranteed Pension Account:
 

  • Minimum opening investment $30,000
  • Minimum ongoing balance $2,000
  • Minimum term deposit investment $20,000

Variable Rate Investment Option*

Balance Interest Rate
$0 - $9,999 1.25% p.a.
>$10,000 1.75% p.a.

Fixed Term Investment Option^

Term  Interest Rate
12 months 3.00% p.a.
24 months 3.00% p.a.

*Interest is calculated daily and paid monthly to members' accounts.
^Minimum investment is $20,000. Interest is calculated daily and paid at maturity to members' accounts.

There are no entry, ongoing or exit fees. Additional fees may be payable. For information about fees payable in relation to our Capital Guaranteed Pension Account, please read the PDS.

Questions


Here are the most common questions we get asked about the Capital Guaranteed Super Account. Call us on 1300 13 23 28 if you have a different question.


Is there a minimum balance needed to open a Capital Guaranteed Pension Account and keep it active?
Yes. An investment of $30,000 is needed to open an account, and an ongoing balance of at least $2,000 is needed.


Can I choose between fixed or variable investment options?
Yes, you can choose between fixed and variable investment options depending on your requirements. A minimum of 30% of the balance is required in the variable option.


Can I put my money into a term deposit to earn interest?
Yes, you can choose to put some or all of your savings into a term deposit, however a minimum balance of $20,000 is needed to open a term deposit.


What does ‘Capital Guaranteed’ mean?
Capital guarantee means that your investment is shielded from negative returns.


How can I access my money?
You can view your account online through our dedicated superannuation portal.

Features
Maximum interest rate1
Online Access
Covered by the Financial Claims Scheme
Investment options

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