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.

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.

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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.

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.

1. Roll your account balance into a new Term of your choice, to continue receiving monthly income payments.
2. 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!