Self-managed super funds (SMSFs) are a popular choice for Australians who want to take control of their retirement savings.
SMSFs offer a number of advantages, including flexibility and choice of investments. However, they can also be complex to manage.
One of the important considerations for SMSF trustees is choosing the right bank account to store their fund’s cash.
Rabobank Australia offers a range of SMSF savings accounts and term deposits with competitive interest rates.
In this article, we will discuss Rabodirect SMSF interest rates and how to choose the right account for your fund.
What are Rabodirect SMSF interest rates?
Rabodirect offers a range of SMSF savings accounts and term deposits with competitive interest rates. The following table shows the current interest rates for Rabodirect SMSF accounts:
| Account type | Interest rate (% p.a.) |
| SMSF High Interest Savings Account (4 month introductory rate) | 4.60 |
| SMSF High Interest Savings Account (standard variable rate) | 3.20 |
| SMSF Saver Account | 4.20 |
| SMSF Term Deposit (3 months) | 4.65 |
| SMSF Term Deposit (6 months) | 4.80 |
| SMSF Term Deposit (9 months) | 4.75 |
| SMSF Term Deposit (1 year) | 4.89 |
Choosing the right Rabodirect SMSF account
When choosing a Rabodirect SMSF account, it is important to consider the following factors:
- Your fund’s needs: What are your fund’s investment goals? How much cash do you need to keep on hand?
- Your risk tolerance: How much risk are you comfortable with? Term deposits offer higher interest rates, but they also lock your money away for a fixed period of time.
- Your fees: Rabodirect charges a range of fees for its SMSF accounts, including monthly account fees and transaction fees. It is important to compare the fees of different accounts before you choose one.
Conclusion
Rabodirect offers a range of SMSF savings accounts and term deposits with competitive interest rates. When choosing an SMSF account, it is important to consider your fund’s needs, your risk tolerance, and the fees charged by the bank.