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Use your super to invest in term deposits with some of Australia's leading banks
A term deposit is an investment held in a financial institution for a fixed period of time with a fixed interest rate. By investing in a term deposit, you'll have the certainty and security of knowing how long your money will be invested for and how much you'll receive back at the end of the investment period.
When your term deposit matures (reaches the end of its term), your initial investment amount plus any interest earned is credited to your Self Invest transaction account.
Please check the target market determination for Bank of Queensland and National Australia Bank before choosing their product in Self Invest.
While term deposits can provide certainty and security over the long term, the amount you earn from term deposits tends to be lower than other investment options such as shares. There's no growth in the capital you invest in a term deposit meaning it may not keep pace with inflation. When considering term deposits, think about your long-term investment goals and how you could use a term deposit to complement a diversified portfolio.
It's also important to keep in mind that term deposits generally cannot be broken, which means you can't access the money you invest in a term deposit, or the interest you earn from it, until it matures.
For more information about term deposits and our other Self Invest options, refer to the Investment Choice Guide (pdf).
It takes less than 5 minutes through Member Online. If you're not already a member, find out if you're eligible to open a QSuper Accumulation account.