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Questions & Answers - Term Deposits & Cash
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+ How can my SMSF invest in Term Deposits with ESUPERFUND?

When you become a client of ESUPERFUND, you are permitted to invest in Term Deposit Investments for your SMSF. To simplify the Term Deposit Application Process ESUPERFUND has established direct arrangements with a number of Institutions allowing clients to easily apply for a Term Deposit Investment online.  It is not compulsory to use our Term Deposit Service and clients can invest in Term Deposits directly with any Bank they choose if preferred. For more information, please click here.

+ What Institutions are available under the ESUPERFUND Term Deposit Service?

ESUPERFUND has arrangements in place with the following Institutions to provide Term Deposit Investments for your SMSF. For more information, please click here.

  • ING Direct
  • AMP
+ What is the application process using the ESUPERFUND Term Deposit Service?

Once your SMSF has been established by ESUPERFUND and monies have been transferred to the SMSF, you can apply to establish a Term Deposit for your SMSF. To establish a Term Deposit for your SMSF, please login to the ESUPERFUND Client Portal here. The application will request the Institution you wish to make the Term Deposit with, the amount of the Term Deposit and Term. On receiving your online Term Deposit Application, ESUPERFUND will forward you the applicable prepopulated Term Deposit Application for signing. The documentation will need to be reviewed, signed and returned to our office.

+ Where can I find the Interest Rates payable under the ESUPERFUND Term Deposit Service?

The Term Deposit Interest Rates can be found on our website here. The Interest Rates are subject to change and will be notified by updating our website. However please note the Interest Rate that applies to a Term Deposit Application made by your SMSF will be the Interest Rate on the date that your Term Deposit Account is established by the financial institution.

+ How is the Term Deposit Investment Funded?

An authority will be included in the documentation sent to you on applying for a Term Deposit to debit your Transaction Bank Account to fund the Term Deposit Investment. There is no requirement to transfer monies yourself to fund the selected Term Deposit. This will occur automatically and will be actioned directly by the Bank.

+ Is the Term Deposit Service Compulsory?

No. The ESUPERFUND Term Deposit Service is provided to simplify the Term Deposit Application Process. It is not compulsory and clients can invest in Term Deposits directly with any Bank they choose if preferred.

+ Can my SMSF invest in Online Savings Accounts with ESUPERFUND?

Yes. When you become a client of ESUPERFUND, you are permitted to invest in an Online Savings Account in addition to the Transaction Bank Account. To simplify the Online Savings Account Application process ESUPERFUND has established direct arrangements with ING Direct allowing clients to easily apply for an Online Savings Account through our website.  It is not compulsory to use the ING Direct Online Savings Account and clients can invest in any Online Savings Account with any Bank they choose.

+ Are the Term Deposit and ING Online Savings Account Government Guaranteed?

Yes. Deposit accounts with balances of up to and including A$250,000 in total are guaranteed by the Federal Government without charge. The guarantee applies to the total balance held in one or more deposit accounts by each legal entity, up to a maximum amount of A$250,000. For further information please refer to the Financial Claims Scheme https://www.fcs.gov.au/.

+ What if I have a query about my Term Deposit or ING Online Savings Account?

If you have any queries you will need to contact the relevant Institution directly. Please do not contact ESUPERFUND directly in relation to queries about your Term Deposit Account or ING Online Savings Account as unfortunately we will be unable to assist you with your queries.

+ How does the Term Deposit Account work?

All Term Deposits and the ING Online Savings Accounts are established in the name of your SMSF. Your SMSF is the direct owner of your cash based Investments.

+ Can ESUPERFUND access my Term Deposit or ING Online Savings Account?

No. As detailed above ESUPERFUND has absolutely no ability to enter or transact on your Term Deposit or ING Online Savings Account. Only you have access to these accounts.

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General Advice Warning

No Advice Express or Implied: The contents of this website are of a general nature only and have not been prepared to take into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies equally to those financial products which are established for your SMSF when you become a client of ESUPERFUND. Any information provided in relation to any financial product or service available through ESUPERFUND is factual information only about the operation of the account and how data is made available to ESUPERFUND. Where this website refers to a particular financial product then you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision about whether to acquire the product. We also recommend that you should seek professional advice (see below) from a financial adviser before making any decision to purchase any financial product referred to on this website. While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omissions.

Seek Professional Advice from a Financial Adviser: ESUPERFUND is a no advice model and does not provide financial, legal or tax advice to clients. We recommend that you seek appropriate professional advice in view of your personal circumstances. A licensed financial adviser will consider your personal situation and make a recommendation suitable to your financial needs. All information detailed on our website is purely factual and is general in nature. Accordingly, you should not rely on it. It should always be remembered that Trustees are legally responsible for all the decisions made even if you obtain advice from a Financial Planner. Whilst a Financial Professional can provide advice and assistance you are ultimately responsible for the Fund.

Fees: Fees relating to operating your SMSF with ESUPERFUND are detailed on our fee page here. When setting up a SMSF it is important to understand that additional fees may apply that must be carefully considered prior to making a decision to setup a SMSF including an ATO Supervisory Levy, Company Trustee Setup Fee (where applicable), and Investment Fees.