FirstChoice is well-known for the value for money it offers you and your clients.
To extend this value even further we are now pleased to announce that we have increased the interest rate on the 12 month term of FirstRate Term Deposits. The rate is now 4.50% pa for FirstChoice Wholesale and 4.25% pa for FirstChoice^.
With FirstRate Term Deposits your clients can be assured of both a great interest rate and the security of an investment on deposit with the Commonwealth Bank.
More FirstRate options
As well as the range of FirstRate Term Deposits, through FirstChoice you and your clients also have access to:
- FirstRate Saver, a low-risk at-call deposit option with a competitive variable interest rate which is currently 3.15% for FirstChoice Wholesale and 2.90% for FirstChoice
- FirstRate Investment Deposits are a longer-term cash deposit option designed to provide you with a highly competitive interest rate. FirstRate Investment Deposits in FirstChoice Wholesale will pay a fixed margin 0.75% above the RBA cash rate until maturity in December 2018.
All three FirstRate cash deposit options have no ongoing management or account keeping fees.
Access interest rates 24/7
You can find the current interest rates for the FirstRate cash deposit options at colonialfirststate.com.au/FirstRateInterestRates. Or you can log into FirstNet Adviser and go to Quick links > First Rate interest rates.
Want more information?
If you would like more information about the FirstRate cash deposit options contact your local Business Development Manager, or call Colonial First State Adviser Services on 13 18 36, 8am to 7pm, Monday to Friday, Sydney time.
^ As at 11 February 2013
FirstRate products are deposit products of Commonwealth Bank of Australia ABN 48 123 123 124, AFS Licence 234945 (the Bank), and are administered by Colonial First State. FirstRate investment options which are made available through Colonial First State’s super and pension products are held with the Bank by the super fund on behalf of those members who take up this option.
