This was posted 17 years 1 month 4 days ago, and might be an out-dated deal.

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7.45% or upto 10% Term Deposit

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7.45% or upto 10% Term Deposit
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bargrin on 19/11/2007 - 21:08 macquarie.com.au (137 clicks)

MQ Term Plus is a new term investment that provides you a minimum fixed interest rate of 7.45%pa*, with a total return equal to the annualised performance of an Australian sharemarket index, up to 10.00%pa^.

Offer closes 10 December 2007.

Why invest in MQ Term Plus?

  • Minimum fixed interest rate
  • Unsecured notes are issued by Macquarie Bank Limited
  • Choice of 2 investment terms
  • Your initial investment repaid in full at Maturity†
  • A potential annual bonus interest payment linked to the performance of an Australian sharemarket index over that year
  • Eligibility for personal, professional and self managed super fund (“SMSF”) investors
  • No set up or ongoing fees

  • Investment minimum of $20,000

  • For a term of 5 years.

† Full repayment of the initial investment is on the assumption that an investor holds the investment until the stated Maturity Date. In the event of Early Maturity of the investment, an investor may receive back less than their initial investment. Full details of amounts that will be paid on maturity and the circumstances in which the investment may mature early are set out in the Product Disclosure Document ("PDS").

^ Annualised returns are capped at 10.00%pa, being the aggregate of the fixed interest rate and a potential bonus interest rate. The bonus interest rate is capped at 2.55%pa for a term of 5 years and 2.85% for a term of 2 years, dependent upon the annualised performance an Australian share market index.

Financial Term Deposit

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closed Comments

  • bargrin on 19/11/2007 - 21:14

    my understadning of this investmnt is you lock your money away for 5 years

    You get set 7.45%pa for each of the 5 years AND because its investeted in a share index you have the potential of getting up to 10% for each of the 5 years. …(or I might be wrong)

    But your going to need a spare $20K

  • jtu100 on 20/11/2007 - 00:24

    My understanding of 'unsecured' notes:

    Basically means you are lending them money, and they will pay interest, and eventually return your money, BUT if they fail to pay (go bust etc) you have very little rights to get your money back. their debt to you is unsecured… i.e. you have no rights to any of their assets. you will be last on the list of debtees if the liquidators are called in. according to investopedia unsecured debt it the most risky kind.

    so to me 7.45%-10% is nowhere near enough interest for this type of investment, especially considering your money is locked in for 5 years! dont forget interest rates will probably go higher over the next few years, and there is a good chance stock market will sink. locking yourself in to 7.5% may not be the best idea.

    NB: i am not a qualified financial adviser so none of what i say should have any attention paid to it!

  • kcyw on 20/11/2007 - 02:54

    Yeah, I agree with jtu100. I am no expert either, but unsecured, with interest rate on the rise, and they can only guarantee you 7.45%, with fixed term of 5 years(that's a really long time for small investors), this sounds like a bad deal. Even if you only put it in Bankwest saver, I am not sure if you won't get return similar to that at the end of 5 years.

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