A Self Managed Superfund (SMSF) Savings account is an account for those who want to manage their own superannuation retirement savings and investments. As a SMSF is a trust, a trust deed must be established. Generally your accountant or financial planner will take you through this process, including the operation and regulations that are applicable.
✓ Attractive interest rate
✓ Interest calculated daily and paid monthly
✓ Easy and convenient access by internet
Savings Accounts Features |
|
|---|---|
| Annual Fee : | $0 |
| Monthly Fee : | $0 |
| Funds Available : | At Call |
| Overdraft : | No |
| Personal Cheque Facility : | No |
| Branch Access : | No |
| ATM/EFTPOS Access : | No |
| BPAY : | Yes |
| Direct Entry (Credit/Debit) : | Credit Only |
| Interest Calculation : | Calculated daily, paid monthly |
| Balance | Interest Rate (p.a.) |
| $1 to $250,000 | 4.20% pa |
| $250,000 | 4.20% pa |
Interest calculated daily on the portion of the balance in each over tier and paid monthly.
Read our most frequently asked questions below or view all our FAQs.
Geelong Bank is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Part of the membership process is to open an account.
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.
Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA).
In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.
Superfund Maximiser Account
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Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review our Terms and Conditions, Fees and Charges, Financial Services Guide and Hardship Guide before acquiring the product.
© Copyright 2018 Ford Co-operative Credit Society Limited ABN 74 087 651 456 trading as Geelong Bank | AFSL/Australian Credit Licence 244351 | BSB 803 199
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