Better Returns
from Your Savings
Unlock Attractive Monthly Income,
with Target Rates from:
Income paid monthly
Quick & Easy online application
No Setup or Monthly Account Fees
As featured in:
Stop Settling For Low Returns.
Start Earning Better Income With 
TermPlus’ Term Accounts are designed to make your savings work harder for you, so you can stay ahead.
TermPlus is not a bank.
Our Term Accounts are high-yield fixed-term investment accounts that target returns from 6.60% p.a. through unparalleled access to global private credit markets.
Choose between receiving income payments directly into your bank account each month, or reinvest your monthly income to compound your returns.
Opening an account is quick, and easy.
Term Lengths and Target Rates
How much do you want to deposit?
(includes reinvested Target Total Income)
How would you prefer to receive your Income?
my income
bank monthly
- Earns income daily
- Paid to you monthly
- Built-in Savings Support
(includes reinvested Target Total Income)
How would you prefer to receive your Income?
my income
bank monthly
- Earns income daily
- Paid to you monthly
- Built-in Savings Support
(includes reinvested Target Total Income)
How would you prefer to receive your Income?
my income
bank monthly
- Earns income daily
- Paid to you monthly
- Built-in Savings Support
Target Rates are set as a fixed margin above the RBA Cash Rate, which is variable over the course of the Term.
Or try our Income Calculator
Accounts Are for
All Sorts of Savings
Start earning with balances from $2,000
Personal accounts
Joint accounts
Child accounts
Companies & trusts
SMSF investors
It's About Term!
Attractive Target Rates From 6.60% p.a. On Your Savings
Unlock higher and more consistent returns without worrying about share market volatility.
3-Layer Protection For Every TermPlus Account
Customers benefit from our first-in-market Support Account. A co-investment that provides an extra pool of capital and returns to underpin monthly payments as well as customer savings.
Open Your Account Online In Minutes
No confusing paperwork or long delays. Choose your term, set up your profile, fund your account, and start earning.
Track Your Progress With A Simple Dashboard
Get monthly income updates and manage your account from anywhere, anytime. It’s that easy.
Presented By Trusted Institutions
Your money is powered by Pengana Capital Group and Mercer. Trust your wealth with established financial institutions with a strong track record.
$0 Setup Fees & No Monthly Fees
All management fees are already factored into our target rates. No unexpected setup fees. No monthly account fees.
Access Global Private Credit Opportunities
Benefit from a diversified portfolio that’s usually reserved for institutional investors. Take advantage of this exclusive access for everyday Australians.
Earn up from the cash rate
Returns that are designed to beat inflation, keeping your purchasing power ahead of rising costs.
Choose how you’re paid
Have your monthly Income paid directly to your bank account, or reinvest it for compound returns. It’s all too easy.
Reliability and resilience
TermPlus returns are underpinned by an institutionally managed, highly diversified global private credit portfolio constructed with contractual legal protections in place that aim to safeguard both income and principal repayment, diversified across over 3,000 underlying investments. Lean more >>
Turn Your Savings Into Reliable Monthly Income
Open your account in as little as 3 minutes.
First read the Product Disclosure Statement (PDS).
Trusted By Smart
Investors Across Australia
Very easy process to set up, good communication and client service team members I have dealt with have been excellent.
Damian P
After having invested my money in TermPlus and getting the interest regularly every month, I am most happy with my investment.
Seow A
Clear and timely communication, easy to access and check deposit. Good and reliable interest rate so far.
Judy E
Income Calculator
*Calculations provided are for indicative purposes only and have been subject to rounding adjustments. The above quoted Target Rates are those current as at today and are merely objectives, which may change during the course of the Term. Please refer to the Product Disclosure Statement (‘PDS’) for TermPlus for an explanation of the Target Rates and other terms used on this website. Any revised Target Rate for each Term will be detailed on the website: www.termplus.com.au and applied to both new and existing Term Accounts. There is a risk that TermPlus may not be successful in achieving the Target Rates. Whilst TermPlus Accounts provide for Priority Income Entitlement, Income Stabilisation and Savings Support (‘Support Mechanisms’) to support the delivery of TermPlus Account objectives, none of Pengana Capital Limited (and Pengana Credit Pty Ltd) and their associates, shareholders, agents, managers, advisers or delegates guarantee the performance of TermPlus. Account Holders’ capital is not guaranteed. Like all investments, even with Support Mechanisms, TermPlus’ investments carry risks, and if these risks eventuate, Account Holders may lose some or all of their capital invested in TermPlus. The Target Rate is not guaranteed, is not a forecast, and may not be achieved. The Target Rates are calculated off the RBA Cash Rate plus a fixed percentage spread. The RBA Cash Rate can change from time to time. An investment in an Account is not a bank deposit or a term deposit with a bank. Past performance is not a reliable indicator of future performance. The Target Rate is a net amount. The financial product described herein will be issued by Pengana Capital Limited in its capacity as trustee of TermPlus ARSN 668 902 323. Before deciding whether to acquire, or to continue to hold the product, you must read the PDS available on this website and consider whether the product is right for you. You should also read the Target Market Determination which describes who the financial products mentioned herein, may be appropriate for.
Your Money, Making Money
- Let your savings generate wealth for you.
- Designed to deliver capital stability and reliable monthly income.
- Take your monthly income as a direct payment into your nominated bank account, or reinvest it for compounding growth.
Make your money work smarter!
We Aim to Please
20+ years investing for Australians
Backed by industry-leading partners with decades of experience and global reach, TermPlus delivers a robust solution for putting your savings to work.
David C, 78 (SA)
“The fixed spread above the cash rate is a great feature for me in retirement because it gives me comfort knowing that there is a predictable and reliable level at which my income payments will be bench-marked. It also means that the targeted payments will remain ahead of the cash rate which gives me security in knowing I’ll always be one step ahead”
Nick F, 76 (NSW)
Built with You in Mind
Created by Pengana Capital Group and powered by Mercer, TermPlus taps into the dynamic world of global Private Credit to deliver leading Term Accounts with built-in layers of protection for its customers.
- Get more from your money
- Save for retirement
- Plan your next big getaway
- Make the home extension happen
- Put away for a rainy day
- Get closer to that dream purchase
- Fund your retirement lifestyle with generous and reliable Target Rates
*Source: BCG consumer sentiment survery September 2023.
Why Smart Australian Investors Are Choosing TermPlus
1. Higher Target Rates for Real Growth
TermPlus offers target rates starting from 6.60% p.a for investors who want to put their savings to work, and outpace inflation with real growth. You can use your term account to generate steady monthly income, or re-invest and compound your income payments.
2. Easy Online Setup in Minutes
Forget the hassle of endless paperwork and confusing forms. At TermPlus, you can open your account online in as little as 3 minutes. The experience is seamless, fast, and stress-free. From setting your account up to tracking your earnings.
3. Professionally Constructed Investments for Extra Security
Unlike many investment options, TermPlus supports your earnings, with our own co-investment into a Support Account. That’s how we deliver a 3-layer protection system on your income and capital. We’re also powered by ASX-listed Pengana Capital Group, in association with investment leader Mercer. All with the aim of providing access to competitive returns consistently.
4. Access to Exclusive Global Opportunities
TermPlus gives you access to a highly diversified, professionally constructed, global private credit portfolio. This kind of access is usually reserved for large institutional investors. Now, everyday Australians can enjoy these same opportunities to grow their wealth.
Frequently Asked Questions
TermPlus is not a bank. TermPlus is a provider of high yield online term accounts. These term accounts offer monthly income with target rates from 6.60% p.a. that can be paid directly into your bank account each month, or you can choose to reinvest your monthly income for compounding returns.
We work closely with leading investment institutions such as Pengana Capital Group and Mercer.
Our goal is to make wealth-building simple, rewarding, and reliable. Open an account today to see how your savings can work harder for you.
TermPlus invests in a highly diversified, and professionally constructed, global private credit portfolio. This is managed by trusted institutions, and delivers competitive returns in the form of monthly income.
Ready to earn more without the stress? Open your TermPlus account today.
To keep them relevant, TermPlus Target Rates are determined using a fixed margin above the RBA cash rate. The fixed margin varies depending on the length of the Term.
As the RBA changes the cash rate from time to time, so the Target Rate will fluctuate with those changes. The fixed margin above the RBA cash rate does not change.
This enables us to keep income payments relevant and reliable over the course of your term.
Since inception, TermPlus account holders have received 100% of their targeted monthly income payments, and we have never missed a monthly payment to account holders.
While it’s important to note that past performance is not a reliable indicator of future performance, and the value of all investments can go up or down, the three layers of protection offered by TermPlus can help fund monthly payments and repayment of your investment.
TermPlus generates returns for customers from the global private credit sector. Global private credit is an unlisted asset class, and has generally been uncorrelated with listed stock markets – that is, historically there has not been a direct connection between stock market performance and global private credit performance.
While it’s important to note that past performance is not a reliable indicator of future performance, and the value of all investments can go up or down, the three layers of protection offered by TermPlus can help fund monthly payments and repayment of your investment.
TermPlus offers target rates determined by the RBA Cash Rate plus the addition of a fixed spread. As the RBA Cash Rate can potentially go up or down over the course of a term, the target rates will vary in line with the RBA Cash Rate Changes.
Don’t settle for less, open your account and start earning today.
Easy. Quick. Seamless. Your TermPlus Account has its own easy-to-use account dashboard from where you can manage and track your applications, get an overview of all your term accounts, track your earnings and access tax statements etc.
TermPlus charges no setup fee, no monthly account fee or transaction fees. All underlying management fees are already factored into our target rates. This means you can enjoy total clarity from the start. Ready for straightforward growth? Open your account today.
Your Income payments are based on the starting balance of your Account, and any subsequent reinvested income payments (should you choose to reinvest some of your monthly income).
As this is a fixed term account, no additional funds can be added or withdrawn from your account over the course of your fixed term.
If you would like to add new funds to earn Income, this can easily be done by opening another Term Account using the ‘add account’ button on your dashboard.
You have 2 choices at the end of the Term.
- Roll your account balance into a new Term of your choice, to continue receiving monthly income payments.
- Withdraw your closing balance back into your bank account.
‘End of term’ elections need to be made by the due date that is noted on your account in the customer dashboard.
Sure do, and they’re growing – just head over here: https://termplus.com.au/reviews/
TermPlus has been featured in several highly regarded news and investment publications that have recognised our innovative accounts, and commitment to customer-centric solutions. These articles offer valuable insights into who we are, what we do, and how we’re reshaping the term account landscape.
We encourage you to explore these articles to learn more about our mission, values, and how we’re redefining investment opportunities. Have additional questions? Our team is always here to help!
Supporting Your Savings
At TermPlus, we put our money where our mouth is, and invest alongside our customers into what’s called a Support Account.
We are so confident in the quality of the TermPlus portfolio, and our ability to deliver your monthly income payments, that we go one step further, and give TermPlus account holders first-rights to both the income, and capital, of the Support Account if ever there was any shortfall in TermPlus returns.
We truly believe in ‘customer-first’, and we back it up with a commitment to TermPlus account holders, which providers three distinct layers of built-in protections.
20+ Years of Experience
Powered by Pengana Group in association with Mercer Australia.
Turn Your Savings Into Reliable Monthly Income
Open your account in as little as 3 minutes.
First read the Product Disclosure Statement (PDS).
