ING introduces a flexible, high interest term deposit fund
ING has added ANZ Flexible Term Deposit Fund to its OneAnswer platform, providing investors with a competitive cash rate and no lock-in period.
Available to OneAnswer Personal Super and Investment Portfolio customers (including //Select), the fund offers the following benefits:
• no lock-in period, and no preset maturity date
• no entry or exit fees
• the freedom to switch investments at any time
• 0.33% p.a. ongoing commission.
Responding directly to market volatility and advisers’ requests for a competitive cash fund with no fixed period, the fund is available now and only requires a minimum deposit of $250.
What is the rate?
Interest is credited monthly – the rate for the next month is declared before the month begins.
OneAnswer
Entry Fee and Nil Entry Fee
7.30%p.a.*
OneAnswer
//Select
7.60%p.a.*
*Rate applicable for August 2008. Credit rate after earnings tax for Personal Super is 6.20% p.a. for Entry Fee and Nil Entry Fee and 6.46% p.a. for //Select. The interest rate for //Select includes the full rebate of ongoing commission paid to clients (monthly for Personal Super, quarterly for Investment Portfolio).
Fund overview
Investment objective
The Fund aims to provide investors with a high level of capital security while achieving returns generally in line with term deposits and cash management accounts by investing in ANZ bank deposits.
Investment strategy
The Fund aims to meet its objective by investing in a portfolio of term deposits and cash held by ANZ.
Minimum time horizon
No minimum
Distribution frequency
Monthly (Investment Portfolio only)
Asset allocation
Asset class Benchmark (%) Range (%)
Cash and term deposits 100 n/aTo find out more, contact the ING Business Development Team, or call Adviser Services on 1800 222 066.
The material is current as at July 2008 and is subject to change. OneAnswer Investment Portfolio is issued by ING funds Management Limited ABN 21 003 002 800 AFSL 238342. OneAnswer Personal Super is issued by ING Custodians Pty Limited ABN 12 008 508 496, AFSL 238346, RSE L0000673. Before investing in OneAnswer, investors should consider the Product Disclosure Statement which is available at www.ing.com.au