Super Finance > Investment Property Loans > Australian Bank Accounts

 

High-interest, Australian Government
Guaranteed Cash and Term Deposit Accounts

 

A major, internationally known Australian banking institution is now offering Cash Management and Term Deposit accounts for non-Australian residents.

 

The products at a glance...

 

•  Interest rates from 4.50% - 6.15%.
•  Internationally recognized banking institution.
•  No transaction fees.
•  Australian Government Guaranteed.
•  Full Internet Banking facility

 

On this web page you will find:

 

• Key facts to know about the Cash Management and Term Deposit account products.
• A step by step outline of How to establish the account.
• Links to Super Finance Accreditation and licenses.
• Important Questions about the nature of these products and the service Super Finance provides. We recommend you review these questions.

 

Key Facts. Cash Management Account.

 

• Suitable for individuals managing cash accounts of $5000+ and who want quick access to their cash at any time.
• Currently paying interest of 4.50%
• This banking institution has committed to mirroring Australia?s Reserve Bank interest rate until 2012.
• Since 1990, the average interest rate has been 6.19% and current rate is expected to rise over the next 24 months (source and verification, Reserve Bank of Australia http://www.rba.gov.au/statistics/tables/index.html#interest_rates).
• Interest are calculated daily and paid at the end of each month.

 

Contact Super Finance to inquire about this product or set up your Cash Management Account.

 

Key Facts. Term Deposit Account.

 

• Suitable for individuals wanting to lock in solid returns on accounts of $10,00+ and who don?t need quick access to cash.
• Paying interest of up to 6.75%
• Choose terms 3 months to 5 years.
• Interest rates apply on balances of between $5,000 and $500,000. Investments less than $500,000 will be negotiated individually with the bank on your behalf.
• Interest is paid on maturity for terms of up to 1 year, and annually thereafter. You can still redraw your cash at any time but exit fees applies: 20% of interest earned on the facility.

Contact Super Finance to inquire about this product or set up your Term Deposit Account.

 

How does it work?

 

1. Contact Us. We?ll discuss the products in more depth, and answer any questions you may have.

 

2. If you decide to proceed with opening the account, you will need to lodge a once off $500.00 AUD fee. Please note: this is the ONLY payment received by Super Finance? and is the ONLY transaction in which we are involved.

 

3. Super Finance? will advise you of the financial institution, as well as help complete your application (including required identification) and submit it to the bank. We guarantee successful opening of your account or your entire payment will be refunded.

 

4. Account details are forwarded to by the bank, and you will transfer your money directly into your new account directly. Once your account is established you take 100% independent control through internet and phone banking. From this moment you will be able to open further products directly with the bank.

While there is no requirement for you to maintain a relationship with Super Finance, we will always be here should you require assistance with any matters (we also offer a range of Australian investment products and services).

Super Finance Industry Accreditation.

 

Super Finance and its Principal, Yannick Ieko, are members of both Australia's Credit Ombudsman's Service Limited (COSL) and the Mortgage and Finance Association of Australia (MFAA).

 

Our COSL accreditation can be verified here:

 

http://www.cosl.com.au/Page/Member/YYJPtyLtd

 

Our MFAA accreditation can be verified here:

(complete member search for Yannick Ieko)

http://www.mfaa.com.au/searchForMember.asp?menuid=304

 

We pride ourselves on the transparency of our client services. We are bound by those Laws, Regulations and industry Codes of Practices set down by Australian Federal and State Governments and Finance Industry associations.

 

Important Questions

 

Q. Which Australian bank will my /our funds be deposited with?

 

A. Domestic Banking License regulations prohibit Australian banks (or any third party advisor) from advertising products in overseas markets. For this reason Super Finance is not permitted to disclose the name of the institution on this website.

 

Q. When will I / we know which bank is providing the account? Does Super Finance receive commissions from the bank?

 

A. No. Super Finance simply acts as an intermediary between you and the bank to facilitate the account establishment.

 

We have no partnership or commission-based relationship with any Australian bank regarding term deposits or savings accounts. Our income is generated entirely through account establishment fees payable prior to opening your account.

 

Once you have provided the correct documentation, along with the account establishment fee (payable to Super Finance) we will assist you with the account opening and all further dealing regarding the account will take place with the bank.

 

However we will still be available to assist you in any way you can should you require it.

 

Contact Super Finance to inquire about this product or set up your Cash Management or Term Deposit Account.