Use code: EOFY26 – Get a $200 top-up* when you open an account with $20,000+ before 30 June.
A new financial year.
A fresh start.
Now is a great time to turn your savings into reliable monthly income with a term account. Target Rates starting from:
EOFY Offer: Get a $200 bonus top-up* when you open a new account before 30 June with $20,000 or more. Use referral code: EOFY26
Income paid monthly
Quick & Easy online application
No Setup or Monthly Account Fees
Get your money working
harder for you
With TermPlus Target Rates starting from 7.35% p.a.* on a one-year account, get monthly income paid directly into your bank account – or reinvest it for compounding growth.
Now available to individuals, companies, trusts, and SMSFs – TermPlus is a smarter way to get better returns from your savings.
Open a new TermPlus account with $20,000 or more before 30 June – and receive a $200 bonus top-up* using referral code: EOFY26.
Why act before 30 June?
New financial year
A new financial year is a natural reset – a moment when many Australians pause and ask whether their money is actually working hard enough for them.
Reliable returns
Thousands of Australians are choosing TermPlus to put their savings to work, earning attractive and reliable monthly income – targeted above the RBA cash rate.
$200 bonus top-up*
Open a new TermPlus account with $20,000 or more before 30 June – and receive a $200 bonus top-up* using referral code: EOFY26. Take advantage of this limited-time offer!
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.
Who can invest in 
?
Start earning with balances from $2,000+
Individuals
Joint account holders
Child accounts
Companies and Trusts
SMSF investors
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.
Trusted By Smart
Investors Across Australia
Choose your term.
Fund your account.
Start the new financial year with your money working harder for you.
Use referral code: EOFY26 and get a $200 bonus top-up* when you open your first TermPlus account with $20,000 or more before 30 June 2026.
Offer closes 30 June 2026 · Min. investment $20,000 · T&Cs apply
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 7.35%* 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 your 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.
You can also read more about how we generate monthly returns, and our in-built layers of account protection HERE.
The TermPlus TMDs and PDS are also available HERE.
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.
The TermPlus TMDs and PDS are also available HERE.
Have additional questions? Our team is always here to help!
* Must use Referral Code:EOFY26 Minimum investment to be eligible for the bonus is $20,000. Offer expires 30 June 2026. The bonus is generally paid into your TermPlus account within 10 business days of your term start date. Referral code must be added when setting up your Term Account in the application process. The bonus pool available for the offer is capped at $1 million and is intended to run for a limited time. Once the limit of $1 million is reached no further offers of the bonus allocation are available. Investors should seek their own taxation advice in regard to the bonus allocation.
