ING offers term deposit on OneAnswer
ING has launched a term deposit on its OneAnswer platform, offering investors a no-lock in period through its ANZ Flexible Term Deposit Fund.
Fund investors are offered interest rates (paid monthly) of 7.30 per cent per annum through OneAnswer and 7.60 per cent through OneAnswer Select, after platform fees.
A key feature of the term deposit is that investors have no lock-in period and no pre-set maturity to receive the rate, according to ING head of product for personal investments George Lytas.
“Rather than introduce yet another term deposit product, ING decided to deliver a product with all the benefits of a term deposit, but without the key negative — the lock-in.
“So forget 90 days, 180 days or even 365-day terms!” he said.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
