Term Deposit Option
This option has no allocation to growth assets. Once selected, the return you received is locked in and cannot change.
Types of investors this is suitable for and minimum suggested investment timeframe:
- Investors who have a very low tolerance for risk. Investors can choose a 3, 6, 9 or 12 month investment timeframe1.
To provide you with more certainty over a set timeframe, the Term Deposit Option allows you to choose a 3, 6, 9 or 12 month term with a competitive interest rate issued by National Australia Bank Ltd. View the current term deposit interest rates.
Each term deposit you hold must be a minimum of $5,000 and a maximum of $5 million. To commence a term deposit, you must have a balance of at least $15,000 invested in your account across any options including term deposits and you must retain the greater of $10,000 or 10% of your account balance invested in options other than a term deposit. This is because all deductions from your account (for example, insurance premiums, pension payments, fees) will be taken from the other investment options, not from your term deposit.
Term deposit applications received before 4pm (Melbourne time) on any business day will receive the interest rate effective the following business day.
You can apply for a term deposit through VicSuper MembersOnline or by completing the Term deposit application form (PDF 109kb)
Once selected, your funds remain invested in the term deposit for the period you chose (3, 6, 9 or 12 months). Under special circumstances and at Trustee discretion, VicSuper may allow a term deposit to be terminated early. An interest adjustment, in the form of a reduction in accrued interest, may apply for an early termination. See the Member guide for further details.
At the end of the term, all money within the term deposit will be automatically transferred into VicSuper's Cash Option. You may then transfer the proceeds to the investment option/s of your choice by changing your investment options or applying for another term deposit through VicSuper MembersOnline or by completing the Term deposit application form (PDF 109kb).
If you hold a term deposit within your VicSuper FutureSaver account and you wish to start a VicSuper Retirement Income Solution, you must wait until the term has finished or terminate the term deposit early (subject to Trustee approval and early termination costs).
If you hold a term deposit within your VicSuper Flexible Income account with the Transition to Retirement feature conditions apply in relation to tax on interest earned and maturity of your term deposit. Refer to the PDS for details.
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Types of investors this is suitable for and minimum suggested investment timeframe |
Investors who have a very low tolerance for risk. Investors can choose a 3, 6, 9 or 12 month investment timeframe1. |
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Asset class (strategic allocation) |
Cash 100%
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Investment return objective2 |
VicSuper FutureSaver and VicSuper Flexible Income with the Transition to Retirement feature To earn an investment return (after tax and investment expenses) that matches or exceeds the Bloomberg AusBond Bank Bill Index (after tax). VicSuper Flexible Income without the Transition to Retirement feature To earn an investment return (after investment expenses) that matches or exceeds the Bloomberg AusBond Bank Bill Index. |
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Standard Risk Measure3 |
Risk band: 1 Risk label: Very low Estimated number of negative annual returns over any 20-year period: Less than 0.5. |
VicSuper FutureSaver term deposit interest rates are shown before the deduction of tax on investment return of 15%.
1Term deposit interest rates vary depending on the chosen term (3,6,9 or 12 months) and date commenced. View the current term deposit interest rates..
2We will review and may change the investment objective of an investment option from time to time. Objectives and benchmarks are tools to monitor performance. They are not a forecast of future returns or a prediction of the earnings on your investment.
3The Standard Risk Measure is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. The Standard Risk Measure is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. We assess the Standard Risk Measure for each of the investment options based on the option’s strategic asset allocation. Members should not rely exclusively on the Standard Risk Measure and should still ensure they are comfortable with the risks and potential losses associated with their chosen investment option/s.
To provide you with more certainty over a set timeframe, the Term Deposit Option allows you to choose a 3, 6, 9 or 12 month term with a competitive interest rate issued by National Australia Bank Ltd. View the current term deposit interest rates.
Each term deposit you hold must be a minimum of $5,000 and a maximum of $5 million. To commence a term deposit, you must have a balance of at least $15,000 invested in your account across any options including term deposits and you must retain the greater of $10,000 or 10% of your account balance invested in options other than a term deposit. This is because all deductions from your account (for example, insurance premiums, pension payments, fees) will be taken from the other investment options, not from your term deposit.
Term deposit applications received before 4pm (Melbourne time) on any business day will receive the interest rate effective the following business day.
You can apply for a term deposit through VicSuper MembersOnline or by completing the Term deposit application form (PDF 109kb)
Once selected, your funds remain invested in the term deposit for the period you chose (3, 6, 9 or 12 months). Under special circumstances and at Trustee discretion, VicSuper may allow a term deposit to be terminated early. An interest adjustment, in the form of a reduction in accrued interest, may apply for an early termination. See the Member guide for further details.
At the end of the term, all money within the term deposit will be automatically transferred into VicSuper's Cash Option. You may then transfer the proceeds to the investment option/s of your choice by changing your investment options or applying for another term deposit through VicSuper MembersOnline or by completing the Term deposit application form (PDF 109kb).
If you hold a term deposit within your VicSuper FutureSaver account and you wish to start a VicSuper Retirement Income Solution, you must wait until the term has finished or terminate the term deposit early (subject to Trustee approval and early termination costs).
If you hold a term deposit within your VicSuper Flexible Income account with the Transition to Retirement feature conditions apply in relation to tax on interest earned and maturity of your term deposit. Refer to the PDS for details.
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