Change to Cash investment option
29 March 2018
From 4 April 2018, the Cash investment option will be invested solely into a bank account with ANZ Bank.
This change will mean a slightly higher rate of return compared to historical returns generated by the Cash investment option. ANZ will pay interest on the cash held in the account at a rate equal to the Reserve Bank of Australia rate plus 0.75% p.a.
The risk level and return objectives of the Cash investment option will remain unchanged. The Cash option is low risk, has very low risk of negative returns, and it will only generate cash-like returns.
When you’re choosing an investment option, make sure it’s right for your stage of life. Think about:
- The likely investment return for each option,
- The risk for each option, and
- How long your super will be invested.
Find out about our investment options. Keep in mind that the information regarding the Cash investment option on that page will be updated on 4 April 2018.
100% of the Cash investment option will be invested in an ANZ Bank account. You can switch funds into or out of the Cash investment option at any time. The Trustee will only withdraw monies you have invested in the Cash investment option from the ANZ Bank at your direction.
Need advice on your investment strategy?
Call us on 1300 362 967 and we’ll help you over the phone.View more articles