Term deposit and annuity interest rates

For those seeking a more secure investment, choose from a range of maturing investments. 

Please note that a minimum investment amount of $5,000, restricted access to capital, and strategy terms apply. If you wish to invest in term deposits, please refer to the relevant product document or contact our Client Services Team for information on the relevant terms and conditions. Note that not all product offerings from the listed providers are available in IOOF Employer Super, IOOF Personal Super and IOOF Pension.

Term deposits

Interest rates as at 27 June 2022 (effective 12.00am AEST for amounts up to $5M)

Provider Term Interest rate*
Adelaide Bank 3 months 2.00% pa
Australia and New Zealand Banking Group 3 months 1.40% pa
National Australia Bank 3 months 2.00% pa
Adelaide Bank 6 months 2.80% pa
Australia and New Zealand Banking Group 6 months 2.30% pa
National Australia Bank 6 months 2.75% pa
Adelaide Bank 12 months 3.75% pa
Australia and New Zealand Banking Group 12 months 3.20% pa
National Australia Bank 12 months 3.60% pa

* Interest rates are indicative only and the interest rate applicable to your term deposit may differ from rates shown above. IOOF does not accept any responsibility for any inaccuracy or for investment decisions or any other actions taken by any person on the basis of the information included.

Fixed-term annuities

Challenger Guaranteed Annuity terms, rates and payment frequencies available through IOOF Employer Super, IOOF Personal Super and IOOF Pension for purchase by 11:59pm AEDT on 30 June 2022.

Term Base indicative interest rate1 Guaranteed additional premium rate2 Indicative interest rate3 Interest payment frequency
1 year 3.50% pa 0.05% pa 3.55% pa Semi-annual
2 year 4.25% pa 0.05% pa 4.30% pa Annual
3 year 4.50% pa 0.05% pa 4.55% pa Annual
Please note you must ensure you have sufficient cash in your Cash Account on the commencement date of the annuity (1 July 2022) if you choose to reinvest or purchase a new annuity. If you do not have sufficient cash levels4, your reinvest instruction or new annuity request may not be honoured and you will need to wait until the next Challenger Annuity Offer to place your instruction.

1 Effective 27 June 2022. This interest rate is subject to change.
2 The premium rate is fixed and is not subject to change.
3 This interest rate is subject to change and is dependent upon fluctuations in the base rate. Consequently, the effective rate may differ from the indicative rate. Your final interest rate will be confirmed online before the commencement date of the annuities.
4 Super, pension and investment products require a minimum Cash Account balance of 1% of your account balance.