Term Deposit

SMSF Term Deposits Quick & Easy

Supervision utilises Australian Money Market (AMM) as the platform enabling you to invest into Term Deposits.  An AMM account will be established for you when you commence with Supervision for no establishment cost or no ongoing membership fees.

AMM Story

AMM How does it work?

Australian Money Market is a web based platform that provides convenient access to a wide range of term deposit providers, flexible terms and competitive interest rates.  Which means you can place a deposit wherever you are whenever you have the time to place it. AMM provides a selection of over 20 Australian financial institutions whom are all covered by the Government Guarantee Scheme.

AMM only requires one 100 point check each year with an unlimited number of Term Deposit placements from their extensive list of Term Deposit providers.  Once your account is established you can place term deposit placements at will.

The platform allows you to compare and filter term deposit offerings at a glance and gives full access to information on the provider.  You or your SMSF will always be the owner of the term deposit, AMM does not hold deposits for you nor is your money put together with others.

An AMM membership will be established as a mandatory account for Term Deposit transactions. Other direct term deposit options are available in the Total Peace of Mind package however you will discover the AMM platform delivers a highly efficient and convenient service.

If you wish to purchase Term Deposits directly from institutions, you are free to do so, however you must use the Total Peace of Mind Package.  If you have existing term deposits when you transfer an existing SMSF to Supervision, you will be able to hold those assets until they mature, however any subsequent term deposit investments must be placed through the AMM platform established by Supervision.

Term Deposits purchased directly by walking into a local bank branch does not provide accounting efficiencies nor enable Supervision to provide a discounted  accounting fee.  In addition, you will have to do some work to get it done each year, ID checks, collecting documents and sending them in to Supervision.  With AMM, you can place your term deposit investment and then forget about them until they are about to expire, no need to inform us or send us any paperwork, we get it all done for you.

How it Works

Upon establishing or transferring a SMSF to SUPERVISION SMSF, you are free to invest in Term Deposit Investments for your Fund. To simplify the Term Deposit Process SUPERVISION SMSF will establish a convenient Term Deposit Platform with Australian Money Market (AMM) on your behalf. AMM is a web based platform that provides convenient access to a wide range of term deposit providers, flexible terms and competitive interest rates.  This means you can place a deposit wherever and whenever you have the time to place it. AMM provides a selection of over 20 Australian financial institutions whom are all covered by the Government Guarantee Scheme. The use of this platform when investing into term deposits is compulsory for the ‘Take Control’ and ‘More Flexibility’ Packages. Should you have existing term deposits when transferring to Supervision SMSF, these can be held until maturity. Any new term deposit investment will be required to be placed via the term deposit platform. The use of the term deposit platform is user friendly, efficient, safe and helps Supervision SMSF to provide its services at a low cost to you.

Term Deposit Institutions

The AMM Term Deposit platform enables you access to more than 20 leading deposit taking institutions in the Australian market place. The menu also offers maximum flexibility in duration from 1 month to 5 years. For a list of the current institutions please click here.

Application Process

As part of the set up or transfer process SUPERVISION SMSF will establish an AMM Term Deposit Platform to enable you to make term deposits investments for your SMSF.

Term Deposit Interest Rates

Once the AMM term deposit platform is established you will receive a personal login and password to access the platform. The platform allows you to compare and filter term deposit offerings at a glance. Interest rates available for the day are quoted on the platform for convenient and easy comparison. Due to the scale of deposits achieved AMM achieve a wholesale rate and then deliver via the platform the same competitive interest rate we might achieve in going direct to the bank.

Term Deposit Investing WITHOUT Supervision SMSF

Follow this process for every deposit you make.

Term Deposit Investing WITH Supervision SMSF

Quicker and Easier

AMM - How it Works

AMM attracts many investors to its easy to use Term Deposit Platform.

The benefits for the Individual investor include:

  • Online term deposit platform
  • Access to a wide range of deposit taking institutions
  • Ability to compare and achieve the best interest rates in the market
  • Only required to conplete the 100 point ID check with AMM for the year not multiple financial institutions with whom term deposits may be placed with.
  • No need to visit a bank or branch again to invest into a term deposit
  • Investment held in SMSF name
  • Track maturity dates for multiple term deposits.
  • Supervision SMSF automatically follow your term deposit activity
  • Eliminate need to provide term deposit paperwork to Supervision SMSF
  • Government Guarantee for deposits up to $250,000.
  • Avoid audit queries
  • Electronic settlement in/out
How to invest into a term deposit

Investing into term deposits has never been simpler than at Supervision SMSF. Simply login to the AMM Term deposit platform, enter how much you are investing into a single term deposit. The platform will then illustrate a table comparing institutions, durations and interest rates. It also highlights the best interest rate available and research ratings. The product disclosure statement is available for each provider. Upon selecting the term deposit required a summary will highlight the details of the transaction. Carefully read the terms to ensure this is the term and provider you selected. Upon confirming the transaction it’s all done!!!

The capital will be drawn from the transaction bank account and deposited with the financial institution in question. You will receive an email within minutes to confirm the transaction order. Within a couple of days you will also receive confirmation from the depositing institution. It’s that easy!

No Advice

The AMM term deposit Platform and service is provided on a No Advice Basis.  Clients will need to determine which Term Deposit Product is appropriate for their financial situation based on their particular needs.

Additional Flexibility

If you wish to purchase Term Deposits directly from institutions, you are free to do so, however you must use the ‘Total Peace of Mind’ Package.  If you hold existing term deposits when you transfer an existing SMSF to Supervision, you will be able to hold those assets until they mature, however any subsequent term deposit investments must be placed through the AMM platform established by Supervision SMSF.

Term Deposits purchased directly by walking into a local bank branch does not provide accounting efficiencies nor enable Supervision to provide a discounted SMSF accounting fee.  In addition, you will have to do some work to get it done each year, ID checks, collecting documents and sending them in to Supervision SMSF.  With AMM, you can place your term deposit investment and then forget about them until they are about to expire, no need to inform us or send us any paperwork, we get it all done for you.

How to Place a Term Deposit

Instructions at Maturity

If you would like the convenience of AMM to complete your Term Deposit Transactions, please complete the form below.

Investments

SMSF opens up a whole world of investment opportunities.