*as at 14/12/23

Do you have money available to invest but nowhere to place it? Let’s face it, current bank accounts are not terribly enticing these days.

There is a better option; a La Trobe Financial Investment Account. They offer rates from 4.75% for a Classic account and 6.50% for a 12 month account (effective 1 Mar 2025)! The minimum deposit is only $10, which makes them hard to resist. La Trobe Financial Investment Account funds are invested into mortgages in Australian property, not dissimilar to what Australian banks do - they just pay more.

6.50% is approximately 2% above the average term deposit across the 4 major banks, which has a $5,000 minimum criteria. 6.50% on $10,000 equates to $650pa- that is at least one large coffee with maybe 2 bickies. $100,000 x 6.50% = $6,500 or $125pw (not including any compound effect). I’m sure you get the picture. 6.50% is actually greater than rental return on investment property in Sydney at present, without the costs; rates, insurance, agents fees etc.

Disclaimer: The information provided on this email is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs.