Trading and managing Wrap term deposits

Wrap term deposits (TDs) can be held with Macquarie Bank, ANZ and NAB.

These term deposit issuers offer interest rates over 1, 3, 6 and 12-month terms, the details of which can be found on the Adviser Online dashboard under ’Interest rates’.

1. Log in to Adviser Online
2. Navigate to Interest rates on the landing page
3. Select Wrap
4. Select Wrap term deposits.

You can access TMDs for our term deposit providers below:

• Macquarie
• ANZ
• NAB.

The minimum investment order limit for term deposits is $10,000.

Please refer to 'How to trade on Adviser Online'

Applications for Wrap term deposits close each business day at midnight with the investment being made the following business day. The timeline:

• Day 1: Order submitted and authorised by midnight (client receives today’s rate)
• Day 2: Cash debited from cash account, order sent for processing (this is the start date of the term deposit)
• Day 3 (Day 4 for super/pension accounts): Term deposit issuer confirms order and applies Day 1 interest rate. Term deposit visible in online reports.

You can’t conduct in-specie asset transfers of term deposits between accounts. 

If you’re conducting a product switch (e.g. from super to pension account), your term deposit can be transferred as long as it has more than 10 business days left before maturity.

You can view your client’s existing term deposit maturity elections in Adviser Online by following the instructions below:

1. Log in to Adviser Online
2. Click Clients on the menu under the Perpetual icon and select your client’s Wrap account 
3. Select Account details and Term deposit maturity elections is located under Administration.

You can update the maturity elections for Wrap term deposits until 9pm (Sydney time) one business day prior to the maturity date.

To change your client’s term deposit maturity elections in Adviser Online: 

1. Log in to Adviser Online
2. Select Clients, then Accounts
3. Search for and select your client's wrap account
4. Select Portfolio, then Administration
5. Under Investment settings, expand the Term deposit maturity elections accordion and select the Update term deposit maturity elections button. This will launch the Term deposit maturity elections wizard.
6. Select a new maturity election for the term deposit
7. Select Confirm to review the term deposit maturity election updates and disclaimers
8. Select Submit.

Users must have Full Transact authority to update term deposit maturity election details.

Notifications of any upcoming TD maturities are sent each Friday within Adviser Online. You will be able to view any TDs maturing in the next 2 weeks for any account that you have access to.

Please note that we no longer send email notifications.

Under ordinary circumstances, on maturity, the principal and/or interest is paid into the client’s cash account/hub on the day the funds are received from the issuer for investment accounts, and the following day for super and pension accounts.

Where an election is made to rollover, an automatic application will be made into the next term deposit for the same term, from the same issuer and the amount specified¹ (principal only or principal and interest). For investment accounts, the start date will generally be the next business day. For super and pension accounts, the start date will generally be two business days after maturity.

1.  Investment order limits apply

For investment accounts, the proceeds from the term deposit maturity are generally available on the afternoon of the business day after maturity. For super and pension accounts, the cash is generally available two days after maturity.

As term deposit applications are pooled and invested together, there is limited ability to obtain funds before maturity. You may request to break your term deposit, but you should be aware that this is subject to the term deposit issuer’s approval and that fees, notice periods, and interest reductions may apply.