St George Bank-owned Asgard Wealth Solutions has added term deposits to its eWRAP platform in an effort to give advisers more options for managing cash in currently volatile market conditions.
Advisers can choose from six or 12-month fixed term deposits at interest rates of 8 per cent and 7.85 per cent respectively.
Asgard general manager of product Dean Thomas described the move as a response to the large and growing number of investors using cash to weather market volatility.
“The launch of term deposits supports our ongoing strategy to offer market leading cash solutions in eWRAP,” he said.
