FirstRate interest rates

Introducing FirstRate Cash on FirstChoice Wholesale Investments

The FirstRate Cash fund is a very low risk option which sets out to generate positive interest income each month by depositing funds with Commonwealth Bank of Australia.

Speak to a financial adviser

If you’re concerned about the impact of rising interest rates on your super, or if your investment strategy isn't appropriate for your stage of life, the best thing to do is speak to a financial adviser. They can help you determine whether your super is still on track to reach your financial goals.

When it comes to super, keep in mind that it’s a long-term investment that will inevitably go through all sorts of market conditions over the years – high interest rates, low interest rates, market downturns, and market booms. It’s part of the lifecycle of investing.     

We're here to help

If you would like to talk to someone about your financial goals, you can use our online tool to connect with a financial adviser near you. At Colonial First State, we are working hard to make sure you have the support you need. We will continue to monitor markets, share regular market updates, and communicate closely with our network of experienced investment managers.

As you keep your long-term goals top of mind, remember our team is here to help – with news, insights and helpful resources available on our website to help keep you up-to-date.

^{All rates/returns are net of fees and costs but before taxes. All management fees and costs and administration fees disclosed include the net effect of GST and any related GST credits.}

^{^  This interest rate does not include a deduction for the tax payable by the super fund on earnings, currently up to 15%. For example, if the interest rate quoted above is 1.00%,your investment should earn at least 0.85%. There is no tax payable on earnings in the pension phase.}

^{* All Term Deposit returns are gross of fees and costs and before taxes. All Term Deposit administration fees disclosed include the net effect of GST and any related GST credits. To find out more information please refer to the Term Deposit FAQs or our PDS and Reference guide.}

^{1 Available in FirstChoice Wholesale Investments only. Investment returns and capital repayment are not guaranteed. The target return rate is indicative and based on the underlying deposit interest rate less the management fee and cost. The actual return may vary to this rate and will fluctuate over time as a result of aggregate net daily deposits and redemptions. For actual returns, please visit the fund profile. The target return may change without notice if there are changes in the Reserve Bank of Australian Official Cash Rate and/or the interest rate we receive and/or changes in the management fee and cost.}

^{2 Available in FirstChoice Wholesale Super, FirstChoice Wholesale Pension and FirstChoice Employer Super only.}

^{3 Available in FirstChoice Wholesale Super and FirstChoice Wholesale Pension only.}

^{4 For FirstRate Wholesale Term Deposits only, rates are for both annual and monthly payment options. Interest rates are usually updated weekly on a Monday, and are subject to change without notice. The rate received on a new term deposit at maturity may vary from current interest rates.}