Term deposit offer

In addition to selecting an investment option, you may also choose to invest a portion of your account balance into a term deposit. Term deposits are fixed rate, fixed term investments, providing a secure return on funds, for a specific period.

Key features at a glance

Feature

Qantas Super term deposit

Eligibility

Qantas Super members in Divisions 5, 6, 7, 10 and Gateway (excluding Income Accounts) are eligible to apply for a term deposit.

You may also be eligible to apply if you are a member of a defined benefit division in Qantas Super and have reached your superannuation date or retirement date.

Terms 6 or 12 months
Minimum amount $5,000
Maximum amount 80% of your available account balance. A minimum of $5,000 must remain in your investment option, in addition to any term deposit held.
Interest paid Interest is paid on your term deposit at maturity.
Frequency of offer Generally quarterly (December, March, June and September).
What happens at maturity Once your term deposit reaches maturity, the proceeds including interest will be automatically deposited back into your available investment balance.
Access to Funds Restrictions apply. For details, please read the disclosure materials relevant to your division.
Note: There is no limit on the number of term deposits you can have in your Qantas Super at any time, however you can only invest in one term deposit each quarter.

For more information, please read the disclosure materials relevant to your division.

 

Term deposit interest rates

The next Term Deposit investment date is Friday 15 December 2017. To invest, complete and return the Term deposit – application form by the date detailed in the Notes below.

Note:

  • Interest rates for the term deposits commencing Friday 15 December 2017 are shown in the table below.
  • Applications to invest to invest in a term deposit with Qantas Super at the rates provided below must be received in our Administration office by 4pm AEDT on Tuesday 12 December 2017 either through post, fax or email.
  • Cancellations of applications for term deposits during this period will be accepted up until 5pm Wednesday 13 December 2017. To cancel your application contact the Qantas Super Helpline on 1300 362 967 prior to this time.

Term

Interest rate
(gross of tax)*

Start date

Maturity date

6 months 2.45% pa 15 December 2017 15 June 2018
12 months 2.50% pa 15 December 2017 15 December 2018
* Interest is calculated daily and paid on maturity, net of the 15% earnings tax, into your existing investment option.