Term deposit and annuity interest rates

Term deposits

Interest rates for term deposits available as an investment option through IOOF Pursuit Core and IOOF Pursuit Select effective from 27 September 2021 are:

Provider Term Interest rate*
Adelaide Bank 6 months 0.30% pa
National Australia Bank 6 months 0.21% pa
Australia and New Zealand Banking Group 6 months 0.20% pa
Adelaide Bank 12 months 0.45% pa
National Australia Bank 12 months 0.35% pa
Australia and New Zealand Banking Group 12 months 0.30% 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.

Interest rates for the term deposits purchased through IOOF Pursuit Core and IOOF Pursuit Select on 20 September 2021 were:

Provider Term Interest rate applied
Adelaide Bank 6 months 0.30% pa
National Australia Bank 6 months 0.21% pa
Australia and New Zealand Banking Group 6 months 0.20% pa
Adelaide Bank 12 months 0.45% pa
National Australia Bank 12 months 0.35% pa
Australia and New Zealand Banking Group 12 months 0.30% pa

Fixed-term annuities

Challenger Guaranteed Annuity terms, rates and payment frequencies available through IOOF Pursuit Select for purchase by 5:00pm AEST on 8 September 2021:

Term Base indicative interest rate1 Guaranteed additional premium rate2 Indicative interest rate3 Interest payment frequency
1 year 0.85% pa 0.15% pa 1.00% pa Semi-annual
2 year 1.10% pa 0.15% pa 1.25% pa Annual
3 year 1.40% pa 0.15% pa 1.55% pa Annual
5 year 1.85% pa 0.15% pa 2.00% pa Annual

1 Effective 30 August 2021. 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.