Getting on Good Terms with Money
How We Put Your Savings to Work
TermPlus helps everyday Australians confidently put their savings to work.
Open an online term account that offers better target rates for monthly income payments, which can be paid directly to your bank account, or reinvested for compounding earnings.
TermPlus aims to deliver stability of capital and reliability of income to account holders via 3 distinct layers of account protections.
Kick-start your savings in a few simple steps
- Apply online: Get started with ease using our intuitive online app. Our step-by-step process guides you through selecting your preferred account options.
- Get verified: We prioritise your security. Complete an ID verification step to ensure your account protection and compliance.
‘Term’ is money!
Select the length of your income Term based on your financial goals
- Shorter-term option: Opt for a 12-month term for quicker access to your funds, while still enjoying significant reward targets.
- Longer-term option: Lock in your savings for longer to unlock bigger rewards, whether it’s for retirement, future investments, or fulfilling your financial aspirations.
Add your bank account
Link your nominated bank account to transfer your Term Account balance. This is also the account that will receive your monthly income (should you choose to have it paid to your bank).
Take control of your earnings with flexible options
Choose your income method: Decide whether to reinvest your earnings for long-term growth, or receive monthly payments to supplement your income.
- Reinvest: Watch your earnings compound over time by reinvesting them into your account balance.
- Monthly income: Receive regular income payments directly to your bank account for ongoing cash flow. A great feature not only for retirees, this might be suitable for supplementing income or meeting short-term financial needs.
Explore your options as your Term comes to an end
- Withdraw funds: If you’re ready to cash out at the end of your Term, simply elect to withdraw your funds at maturity.
- Keep it rolling: Keep the income flowing by automatically rolling your money into a new Term of your choice.
- Partial rollover: Draw some funds to enjoy immediately, while reinvesting the rest into a new term, giving you the best of both worlds.
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 variable over the course of the Term, linked to the RBA cash rate plus a fixed spread.
What Is the TermPlus Advantage?
Easy access
Managing your money is effortless, with quick and convenient access on a state of the art secure platform.
Choose how you earn
Priority Income
We provide an extra pool of income returns to support our Target Rates for your account.
Income stabilisation
We always calculate your Target Rate Income on the total Invested Amount (including any reinvestments of past Income). The monthly payment of accrued Target Rate Income is not guaranteed and is subject to TermPlus generating sufficient return.
Savings support
At the end of your Term, if the Closing Balance of your Term Account, plus any Income already paid or accrued to you during the course of your Term, is lower than your total Invested Amount, the Support Account will top up your account balance by up to 5% of your total Invested Amount.
Trusted partners with global expertise
We collaborate with the very best to access reliable performance and global expertise.
Floating Rates
By linking Target Rates to the cash rate, we aim for Account Holders to stay one step ahead. Target rates are calculated by reference to the RBA Official Cash Rate plus a fixed spread (‘Added Rate’), expressed on an annualised basis.
Net Target Rates
TermPlus target rates are a net return to Account Holders. There are no additional fees and charges over the Target Rates.
Global Private Credit Explained
A lot goes into creating term-based accounts that liberate the way you earn, with a Target Rate that aims high. To unlock the big-money-advantage for all Aussies, TermPlus taps into the dynamic and diverse world of Global Private Credit, for Target Returns that seek to deliver a set amount above the cash rate.
TermPlus is powered by Pengana Capital Group, and our alliance with Mercer. Using their infrastructure and reach, we access Pengana’s best-of-breed private global private credit Master Trust, for diverse returns you can count on
We bring this to you effortlessly, carrying you closer to your financial goals, as your money starts making money.
‘Lending’ is one of the world’s oldest asset classes.
Lending, in the form of Global Private Credit, is one of the world’s fastest–growing asset classes.
When we talk about global private credit, we are generally referring to non-bank direct lending to medium-sized companies (with annual earnings up to US$250m). These loans are :
- contractual
- individually customised,
- senior in the capital structure (meaning they rank above other debt or equity)
- have security over physical or financial assets, and
- are held to maturity or refinanced.
For a detailed overview of global private credit, Click HERE >>
TermPlus returns are generated from a highly diversified portfolio of over 2,000 global private credit investments.
Global private credit can offer attractive risk-adjusted returns compared to traditional fixed income. Our Master portfolio employs different kinds of private credit to combine the stable yields from direct lending, with other forms of private credit such as structured credit and specialty finance, which provide diversification and varied investment strategies.
Managed by Pengana Credit, TermPlus offers access to a highly diversified, multi-manager, multi-strategy, global private credit portfolio, designed to deliver both higher yields and a stable capital base.
This portfolio forms the basis for TermPlus Accounts.
In addition, TermPlus offers mechanisms designed to offer an added layer of Income and Savings support to Account Holders in order to further mitigate the risk that the value of your investment may fall. We invest in a globally diversified portfolio managed by highly rated private credit fund managers, prioritising capital-efficient strategies and asset-sourcing advantages. Pengana Capital Limited acts as the Responsible Entity, overseeing TermPlus with Mercer Consulting as the Investment Consultant.
Supporting Your Savings
We’re committed to helping you with your financial journey, which is why we have 3 distinct built-in layers of protection for every TermPlus Account.
These layers of protection have been designed with the objective of offering reliability of Income, and stability of capital, to Account Holders.
Our commitment to you.
The Support Account is an investment alongside Account Holders put in place to underpin the 3 distinct built-in layers of protection provided for your savings.
The Support Account cedes priority of both its capital and income to account holders, in order to further support customer capital and income.
The value of the Support Account will be equal to at least 5% of the aggregate value of the total Invested Amount of all Term Accounts (less any Savings Support payments in the event they are made to Term Account holders – none have been needed to date).
Customer priority over the income generated by the Support Account, if needed.
Your Income comes first.
Because we’re committed to supporting your saving journey, we have built in a Priority Income Entitlement mechanism to TermPlus.
The Support Account, just like TermPlus Customer accounts, earns income on its invested balance. Any income the Support Account has generated in the last 12 months is available to top up your monthly Income for any given month, if returns fall short. Think of it as an extra income pool that works to maintain Target Rates and returns for your account in the event of an earning deficit.
Anchored target rate calculations. Because reliability matters.
In the event that the value of your Term Account balance was to decrease during the course of your Term, your Income for subsequent months will continue to be calculated based on the total amount you have invested in your account, inclusive of any Income you’ve reinvested.
The monthly payment of accrued Target Rate Income is not guaranteed and is subject to TermPlus generating sufficient return.
A top-up payment of up to 5% of your total invested amount available at the end of your term. A layer of protection for your savings.
Our money where our mouth is.
In addition to the two layers of Priority Income Entitlement and Income Stabilisation, TermPlus provides an added layer of protection that we call ‘Savings Support’ which aims to keep your savings intact.
During the Term: if the Closing Balance of your Term Account on any given month falls below the amount you have invested (including your initial investment plus any reinvested income), any excess return for the Fund (after meeting all Target Rates for the month) is allocated pro-rata to all accounts until all Term Account balances have been restored to their Invested Amounts.
End of Term: if, at the end of an Account Holder’s Term (‘Maturity’), the Closing Balance of a Term Account plus Income paid or accrued to the Account Holder over the Term (‘Final Value’) is any less than the total Invested Amount (including reinvested income), our Savings Support then leaps into action, to provide a layer of protection. We will make a Savings Support payment to cover any shortfall of up to 5% of the Invested Amount towards restoring the Final Value of the Account back up to the Invested Amount.
We have made a commitment that the Support Account will be maintained at least at a minimum balance of 5% of the aggregate value of the total Invested Amount of all Term Accounts, less any Savings Support payments that have been made. Savings Support cover will be applied to the extent the Support Account has sufficient funds.
Customer Satisfaction Is Our Priority
At TermPlus your satisfaction is our top priority. We’re committed to clear, compelling Target Rates and flexible options, ensuring our terms are transparent and easy to understand, along with market-leading features and benefits. You’ll always find dependable support, and account security that keeps your money safeguarded at all times. We aim to exceed expectations by providing a secure and seamless investment experience, helping you achieve your financial goals with confidence.
Getting Started Is Easy
1. Verify your details
Confirm your identity and select your account type.
2. Tailor your Term
Choose your investment amount, Term and Income preference.
3. Deposit your funds
See your savings go to work for you, month-to-month.
Download Our PDS
If you’re looking for a comprehensive understanding of our products and services, simply access our Product Disclosure Statement (PDS). The PDS covers off all your options, helping you make informed decisions about putting your savings to work with TermPlus.
You can find the PDS on our website or request a copy through customer support. We’re committed to ensuring you have all the information you need to confidently navigate your investment journey with us.
Your Data Is Important to Us
Two-factor authenticated accounts
KYC/KYB/AML compliant
Data encryption
No fuss
No fuss
Frequently Asked Questions
- Individuals (For Me)
- Join Accounts
- Child Accounts
- Companies (For My Business)
- Trusts
- SMSFs (For My Future)
- Retirees
Term Plus Target Rates are expressed on an annualised basis, net of any fees and costs.
The underlying master portfolio of global investments that is used to fund the Target Rates paid to TermPlus accounts pays fees to underlying fund managers. These fees may impact the Income paid by TermPlus.
For a breakdown of fees and costs please refer to the PDS
You have two choices on how to receive your monthly Income.
- Reinvest: Add it back into your account balance to earn additional Income. Reinvested Income will receive the same Target Rate, Maturity Date and layers of Protections as your Opening Balance.
- Pay to bank: We pay it to your linked bank account every month.
Simply make your election in your account dashboard.
You can change your election at any time during the month. Just make sure you make your election at least 5 business days before month-end for your preference to be updated, otherwise, it will apply to the one after that.
Need to Know More?
Click here to contact our client service team or simply call 1300 883 881 for assistance.
