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.

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. There may be extra penalties associated with an early termination, such as a reduction in interest accrued and/or principal. Please 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.

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.

Standard Risk Measure

Term Deposit

Description 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 an minimum suggested investment timeframe Investors who have a very low tolerance for risk. Investors can choose a 3, 6, 9 or 12 month investment timeframe.

Asset classes (strategic allocation)

Cash 100%

View the breakdown of asset classes

Investment return objective

VicSuper FutureSaver and VicSuper Flexible Income with the Transition to Retirement feature

To earn an investment return of 0.75% per annum (after tax and investment expenses) above the rate of inflation over rolling 10-year periods.


VicSuper Flexible Income without the Transition to Retirement feature

To earn an investment return of 1.45% above the rate of inflation (after investment expenses)over rolling 10-year periods.

Standard Risk Measure

Risk Band: 1

Risk label: Very low

Estimated number of negative annual returns over any 20-year period: Less than 0.5 years.

VicSuper FutureSaver term deposit interest rates are shown before the deduction of tax on investment return of 15%.

The investment objective is based on advice from Frontier Advisors Pty Ltd and is subject to review. Frontier Advisors Pty Ltd has consented to this information being included on this website. It is important to note that this information is predictive in character, may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and may differ materially from results ultimately achieved.

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.

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. There may be extra penalties associated with an early termination, such as a reduction in interest accrued and/or principal. Please 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.

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.

Standard Risk Measure

Term Deposit

Description 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 an minimum suggested investment timeframe Investors who have a very low tolerance for risk. Investors can choose a 3, 6, 9 or 12 month investment timeframe.

Asset classes (strategic allocation)

Cash 100%

View the breakdown of asset classes

Investment return objective

VicSuper FutureSaver and VicSuper Flexible Income with the Transition to Retirement feature

To earn an investment return of 0.75% per annum (after tax and investment expenses) above the rate of inflation over rolling 10-year periods.


VicSuper Flexible Income without the Transition to Retirement feature

To earn an investment return of 1.45% above the rate of inflation (after investment expenses)over rolling 10-year periods.

Standard Risk Measure

Risk Band: 1

Risk label: Very low

Estimated number of negative annual returns over any 20-year period: Less than 0.5 years.

VicSuper FutureSaver term deposit interest rates are shown before the deduction of tax on investment return of 15%.

The investment objective is based on advice from Frontier Advisors Pty Ltd and is subject to review. Frontier Advisors Pty Ltd has consented to this information being included on this website. It is important to note that this information is predictive in character, may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and may differ materially from results ultimately achieved.