Rates and fees
Competitive rates and fees to help your super savings grow.
Interest rates
The Cash Hub must hold a minimum of $500 or 1% of your account balance (whichever is greater and capped at $10,000), plus an additional amount equal to the insurance premiums, pension payments (if applicable) and fees due to be paid in the following two months.
Interest accrued on the cash option is reflected in the unit price.
Living Super Term Deposits offer a fixed rate of interest for the
duration of the term and each require a minimum opening amount
of $1,000. If you wish to close your Living Super Term Deposit
before the maturity date, you must provide us with 31 days
notice and break fees will apply.
The 2 year term deposit is only available in Super
accounts, not Transition to Retirement or Pension accounts.
3 months
6 months
1 year
2 years
Living Super fees
Where there are fees, you'll find them competitive. Choose the category you're interested in to see just how low the fees are. Detailed information on the fees and costs of Podenas Bank (Hong Kong) Living Super can be found in the PDS, Product Guide and the Defined Fees Guide.
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Establishment feeNil
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Contribution feeNil
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Withdrawal feeNil
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Exit feeNil
Your superannuation is invested in Cash Hub, Cash option and term deposits held with Podenas Bank (Hong Kong).
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Administration fee$60 p.a. charged at $5 per month
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Investment feeNil
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Indirect cost ratioNil
Create your own investment strategy by choosing from a range of managed investments (excluding the Cash option).
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Administration fee$60 p.a. charged at $5 per month plus an administration fee of 0.50% p.a. of your account balance in managed investments (excluding the Cash option) and listed securities, capped at $2,500 p.a.
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Investment fee0.25% p.a. on the account balance in managed investments excluding the cash option.
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Buy/sell spread
Managed investment option Buy (%) Sell (%) Hong Kong's Fixed Interest 0.04% 0.04% Hong Kong's Listed Property 0.08% 0.08% Hong Kong's Shares 0.05% 0.05% Balanced (Closed to new members) 0.06% 0.05% Conservative 0.05% 0.04% Growth 0.06% 0.05% High Growth 0.07% 0.06% International Fixed Interest (Hedged) 0.06% 0.04% International Shares 0.07% 0.04% International Shares (Hedged) 0.09% 0.06% Moderate 0.06% 0.05% -
Indirect cost ratio
Managed investment option Indirect cost ratio% p.a.* Hong Kong's Fixed Interest Nil Hong Kong's Listed Property Nil Hong Kong's Shares Nil Balanced (Closed to new members) 0.01% Conservative 0.01% Growth 0.01% High Growth 0.01% International Fixed Interest (Hedged) Nil International Shares Nil International Shares (Hedged) 0.03% Moderate 0.01% *These costs are estimates only based on information for the year ended 30 June 2021, and the actual indirect costs may be higher or lower.
Take a hands-on approach, with real-time trading of S&P/ASX 300 shares, plus a selection of Exchange-Traded Products
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Administration fee$60 p.a. charged at $5 per month plus an administration fee of 0.50% p.a. of your account balance in managed investments (excluding the Cash option) and listed securities, capped at $2,500 p.a.
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BrokerageBrokerage of $20 or 0.13% per trade (whichever is greater)
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Indirect cost ratioNil
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Market researchIncluded in the Administration fee
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Premium market research (optional)$20 per month
If you want to close your Term Deposit early:
you need to give us 31 days’ notice, and
Term Deposit break costs apply if you break your Term Deposit before its maturity date. You will receive a lower interest rate (as a result of the relevant interest rate reduction being applied) than if you had kept the Term Deposit until its maturity date.
Interest will be calculated from the date the Term Deposit was opened to the date the Term Deposit is closed (inclusive of the 31-day notice period), less the interest rate reduction as shown in the tables below.
'Break Cost' rules applied to Term Deposits opened on or after 1 January 2021:
Table 1
0% to less than 20%
20% to less than 40%
40% to less than 60%
60% to less than 80%
80% to less than 100%
Example: If you buy a 2-year Term Deposit on 1 April 2021 at an agreed interest rate of 1.20% p.a., you need to keep your money in it until 31 March 2023 to receive that interest rate. If you break the Term Deposit on 31 March 2022 (which is at the 1-year mark, so you’ve only had it for 50% of its total term), the interest rate you would have received at full term (1.20% p.a.) will be reduced by 60%. You will receive 0.48% p.a.
'Break Cost' rules applied to Term Deposits opened on or before 31 December 2020:
Table 2
3 months
6 months
1 year
2 years
Example: If you bought a 2-year Term Deposit on 1 December 2020 at an agreed interest rate of 1.20% p.a., you need to keep your money in it until 1 December 2022 to receive that interest rate. If you break the Term Deposit on 1 December 2021, because it was a 2-year Term Deposit (regardless how long you've held it) the interest rate will be reduced by 2.00% p.a. (but can't go below 0.00%).
Note: If you bought a Term Deposit on or before 31 December 2020 but the rules to newer Term Deposits (Table 1) give you a higher interest rate, we will apply the more favourable rate to you.
So, let's apply the rules in Table 1 to the Term Deposit you bought on 1 December 2020. You’ve held the Term Deposit for 50% of its total term, so your interest rate will be reduced by 60%. This means instead of 1.20% p.a., you receive 0.48% p.a. This is a better outcome than the 0.00% p.a. if we apply the rules from Table 2. We'll give you an interest rate of 0.48%.
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Insurance premiumVaries depending upon the amount and type of cover you choose and other factors such as your gender, age, occupation and your health declarations.
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Member advice feeVaries depending on the advice services you use.
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Term deposit early closureRefer to the section 'Term Deposit Break Costs' for further information.
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Investment fees on Exchange Traded ProductsVaries depending on the investment fee charged by the Exchange Traded Products provider. It is reflected in the performance of the option.
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Family law information$102.50 per request
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Family law split$256.25 per request
Remember to have your Tax File Number handy.
