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For those seeking a more secure investment, choose from a range of maturing investments. 

Please note that a minimum investment amount of $5,000, restricted access to capital, and strategy terms apply. If you wish to invest in term deposits, please refer to the relevant product document or contact our Client Services Team for information on the relevant terms and conditions. Note that not all product offerings from the listed providers are available in IOOF Employer Super, IOOF Personal Super and IOOF Pension.

Term deposits

Interest rates as at 27 January 2025 effective 12:00am AEST

ProviderTermInterest rate*
NAB1 month2.30% pa
NAB2 months4.45% pa
Adelaide Bank3 months4.75% pa
ANZ3 months4.95% pa
NAB 3 months4.90% pa
Adelaide Bank6 months4.75% pa
ANZ6 months4.93% pa
NAB6 months4.90% pa
Adelaide Bank12 months4.65% pa
ANZ12 months4.80% pa
NAB12 months4.85% pa
NAB24 months4.35% pa

* Interest rates are generally updated on Monday and are valid until 5pm Thursday of the same week. Interest rates are indicative only and the interest rate applicable to your term deposit may differ from rates shown above. IOOF does not accept any responsibility for any inaccuracy or for investment decisions or any other actions taken by any person on the basis of the information included.

Fixed-term annuities

Challenger Guaranteed Annuity terms, rates and payment frequencies available through IOOF Employer Super, IOOF Personal Super and IOOF Pension for purchase by 5:00pm AEST on Wednesday, 6 November 2024.

TermBase indicative interest rate1Guaranteed additional premium rate2Indicative interest rate3Interest payment frequency
1 year4.79% pa0.30% pa 5.09% pa*Semi-annual
2 year4.85% pa0.30% pa5.15% paAnnual
3 year4.95% pa0.30% pa5.25% paAnnual
4 year4.95% pa0.30% pa 5.25% pa Annual
5 year5.00% pa0.30% pa 5.30% pa Annual

New purchases of annuities

Clients must have sufficient cash available in their account at the time of purchasing a new annuity request on the 6 November 2024. If your clients do not have sufficient cash levels4 on the 6 November 2024, their new annuity request may not be honoured and will need to wait until the next Challenger Annuity Offer to place their instruction.

Reinvesting in annuities

When reinvesting, clients must have sufficient redeemable investments available in their account at the time of processing a new annuity request on the 6 November 2024. If your clients do not have sufficient redeemable investments on the 6 November 2024, their new annuity request may not be honoured and will need to wait until the next Challenger Annuity Offer to place their instruction.

 

1 Effective 4 November 2024. This interest rate is subject to change. 
2 The premium is fixed and is not subject to change. 
3 This interest rate is subject to change and is dependent upon fluctuations in the base rate. Consequently, the effective rate may differ from the indicative rate. Your final interest rate will be confirmed online before the commencement date of the annuities. 
4 Super, pension and investment products require a minimum Cash Account balance of 1% of your account balance.
* Semi-annual payment rounded to two decimal places.

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