Funds Focus

I recently had a client approach me asking my thoughts on a Private bank offering them 8% for a 3 year term deposit held in USD.

My initial thoughts were it’s a scam,8%pa seems ridiculously high for deposits in AUD, but 8%pa in USD is ludicrous. Australian Term Deposits are around 4% for 3 years (with an RBA rate of 2.5% and the tailwind of cash hungry banks), by contrast, the US Fed Reserve rate is 0.25% and I would be surprised to see anything North of 2% but more likely around the 1%-1.5

Tax Effective Investment – Closes 15th June 2011

Macquarie Almond Project 2011 (7% Rebate)

Macquarie’s Almond Investment Project provides investors with the opportunity to potentially earn annual harvest income and diversify their portfolio in a potentially tax efficient manner.

With many of the previous providers no longer offering tax deductible investments in agribusiness, this year’s focus has switched to the financial strength of the investment provider and projects that

Capital Protected Investment Loan Rates

Refinance your Capital Protected Loan
(As low as 8.75%* pre-paid rate)

NAB have recently launched a refinance loan for investors in structured products that are likely to be lower than the existing interest rates charged.

Historically, investors who had invested in structured products are at the mercy of the lender used when they initially invested and were unable to shop around for a lower rate. NAB’s refinance campaign allows you to retain