Retiree Account

Where term-based accounts get personal: your savings is your opportunity to earn

It’s not always easy knowing what to do with your money. Particularly when it’s your life savings or a big lump sum that means the world to you. That’s where TermPlus has you sorted, as we empower your money to earn more through high-yield, term-based personal accounts.

Income paid monthly

Linked to the RBA cash rate

Quick & Easy online application

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

Re-invest for compounding earnings, or get paid to your bank monthly. You can tweak your money flow to fit your needs.

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. 

Your Money, Making Money

Make your money work smarter!

Income Calculator

How much do you want to deposit?

SWIPE
1 Year Account
7.35
%
p.a.*
RBA Cash Rate + 3%
Target Final Value
(includes reinvested Target Total Income)
Target Total Income
Target Monthly Income
/ month

How would you prefer to receive your Income?

? You can edit this selection at any time via your account dashboard.
Reinvest
my income
Pay to my
bank monthly
  • Earns income daily
  • Paid to you monthly
  • Built-in Savings Support
2 Year Account
8.00
%
p.a.*
RBA Cash Rate + 3.65%
Target Final Value
(includes reinvested Target Total Income)
Target Total Income
Target Monthly Income
/ month

How would you prefer to receive your Income?

? You can edit this selection at any time via your account dashboard.
Reinvest
my income
Pay to my
bank monthly
  • Earns income daily
  • Paid to you monthly
  • Built-in Savings Support
5 Year Account
8.50
%
p.a.*
RBA Cash Rate + 4.15%
Target Final Value
(includes reinvested Target Total Income)
Target Total Income
Target Monthly Income
/ month

How would you prefer to receive your Income?

? You can edit this selection at any time via your account dashboard.
Reinvest
my income
Pay to my
bank monthly
  • Earns income daily
  • Paid to you monthly
  • Built-in Savings Support

*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.

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.

Your Data Is Important to Us

Two-factor authenticated accounts

KYC/KYB/AML compliant

Data encryption


No fuss

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.

“I put some of my savings into TermPlus and could not be happier. I love seeing my account balance grow each month and getting my monthly payment notifications – it’s great to know my money is working for me. TermPlus has delivered the advertised rates every month with no surprises or hidden fees. I would recommend it to anyone looking for a dependable, low-maintenance investment option.”

Candy W, 41 (NSW)

“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. 

man and women reviewing a term account
of consumers worry about rising living costs and money's value.
0 %*

*Source: BCG consumer sentiment survery September 2023.

Frequently asked questions

You have two choices on how to receive your monthly Income.

    1. 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.
    2. 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.

To keep them relevant, TermPlus Target Rates are determined using a fixed amount above the RBA cash rate.  The fixed amount varies depending on the Term.

As the RBA changes the cash rate from time to time, so the Target Rate will fluctuate with those changes. The fixed amount above the RBA cash rate does not change.

We have designed TermPlus with the aim of providing stable monthly income, and capital stability.


To achieve this aim, we go through a rigorous manager assessment process managed by Mercer. We only invest with global private credit managers who have demonstrated track records originating and managing loans to mid-sized corporate borrowers. The portfolio is highly diversified to minimise concentration risks, with over 2000 loans across the US and Europe, via 19 managers to minimise single manager performance risk.


All features of our term accounts, from the secure online platform, to our intentionally floating income rates that are linked to the cash rate, the ability to take your monthly income as payments into your bank account, and the layers of built in protections, have been crafted with the aim of delivering a best-of-breed term account product that delivers reliable monthly income, and capital stability.


TermPlus allows you to tap into an investment sector with outstanding risk return characteristics.


By putting our own capital at risk, we take a truly customer-first approach whereby we will only receive any return once account holders are delivered their full expected outcomes.

READ MORE >>

A comprehensive summary of the risks to consider when investing in TermPlus is set out in the TermPlus PDS.


The TermPlus Target Market Determinations note an indicative risk level of Low (that is, over any 20 year period, the Issuer considers that TermPlus is likely to experience up to 1 year of negative annual returns).


Global private credit (the underlying asset class held by TermPlus accounts) benefits from a number of key features, including close management of loans by experienced credit managers; and contractual rights to interest payments, seniority, security and capital repayments. These management practices and contractual protections have historically resulted in lower default rates and higher recovery rates for private credit assets relative to other credit alternatives.


It is still important to note that all investments carry some level of risk, and the value of your investment may go down. The Income paid and maintenance of your initial investment will depend on the performance of the investments made by TermPlus and no guarantees can be made regarding either. Past performance is not a reliable indicator of future performance. We have sought to mitigate these risks further, through the Priority Income, Income Stabilisation, and Savings Support mechanisms. You should consider all the risks involved and whether they are appropriate for your objectives and financial circumstances. A complete summary of all possible risks and protection mechanisms is available in the TermPlus PDS.

No. Your investment, and income, are underpinned by a diversified portfolio of global private credit loans to mid-market companies is the US and Europe, through investment managers with with demonstrated experience and consistent track records of performance.


TermPlus is not a bank. An investment in a Term Account in TermPlus is not a bank deposit or a term deposit with a bank.

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 does not charge any account or transaction fees.

The underlying master portfolio that is used to achieve the Target Rates paid to TermPlus accounts engages a range of highly rated global private credit fund managers who do charge fees to TermPlus. These fees may impact the TermPlus returns.

The Target Rate is expressed on an annualised basis, net of any fees and costs.

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!

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