Superfund Maximiser Account

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/telephone

Earn up to  0.60% p.a.

Product Features:

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

Superfund Maximiser Account (S75)

Balance Interest Rate (p.a.)
$1 to $250,000 0.60% p.a.
$250,000 0.55% p.a.

Interest calculated daily on the portion of the balance in each over tier and paid monthly.

  • This account is for D.I.Y. Superannuation Funds only. A Superfund Trust Deed or a Certified Copy is required to open this account. All trustees should be signatories unless otherwise specified on the Trust Deed.
  • Internet Banking is not available where 2 or more parties must sign to transact on the account
  • You must be a registered internet / telephone banking user.
  • Funds are available at call 24 hours a day via internet banking and phone banking, 7 days a week
  • Deposits: Funds must be credited via transfer facility only. A one off deposit/transfer of funds can be conducted by staff at account opening.
  • Withdrawals: Funds may be accessed via transfer facility only.
  • Direct Credits: Funds i.e. dividends may be credited directly into the account.

FAQs

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.

 

Documents & Forms

Target Market Determination

Superfund Maximiser Account

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