Investment Portfolio Management Questions

InvestNow provides two different ways of viewing portfolio-level performance: ‘My Returns’ uses a methodology called Extended Internal Rate of Return (XIRR). This calculation takes into account not only how your investments performed, but also when money was added or withdrawn from your portfolio. As a result, it reflects the actual growth of your money over…

You can view the performance of your investments by navigating to the ‘Performance’ tab within your InvestNow account. By default, the ‘Performance tab’ displays the performance of your selected portfolio over the past 12 months using the ‘My Returns’ or Extended Internal Rate of Return (XIRR) calculation methodology, which reflects your personal or ‘real world’…

InvestNow Term Deposit Distribution Fee InvestNow earns a distribution fee of 0.10% for the Term Deposit (TD) service.  This fee does not result in any additional fees for you, or reduction in the interest rate you receive, for the Term Deposit(s) you invest in. The rate you receive for the TD you invest in is…

On the day that your term deposit matures, the funds from the maturity are credited to your transaction account. At 11:30 am on the same day, your new term deposit order will be created and sent to the bank. Before 11:30am you will be able to see the matured term deposit funds in your account,…

We do not offer compounding interest payments for individual term deposits. Term deposit interest is paid back to your transaction account. However, you can choose to automatically roll over a term deposit at maturity, including both the principal and interest in a new term deposit.

Following consultation with the specific bank, you may be able to break your Term Deposit (TD) and have your funds returned to your Transaction Account.  Please note that there may be fees charged by the bank and our custodian to process any approved break request. The following steps apply to all requests to break TDs:…

We make the most recent rates available for purchase at 12:00 pm each business day.

We send all term deposit requests to the appropriate bank at 12:00 pm each business day. Once we have received confirmation that the bank has created your term deposit, your Pending Instructions page (Buy & Sell > Pending Instructions) will no longer display that order, and the term deposit will appear on your Holdings page.…

InvestNow currently offers term deposits with the following terms: 1 month 3 months 6 months 9 months 12 months 18 months 2 years 3 years 4 years 5 years Please note that not all terms are available for all banks.

If you have elected to have your term deposit automatically roll over, we will create a new term deposit for you and confirm when this has happened. Depending on the bank your deposit is with, the new term deposit will either be created on the maturity date or the next business day. If you have…

Yes you can, there are five options available to you: 1)  Do not reinvest/withdraw When your TD matures, the principal and net interest are credited to your Transaction Account. 2)  Reinvest principal only When your TD matures, the principal is reinvested in the same TD (bank, term and interest rate available at that time) and…

To buy term deposits you need to have available funds in your InvestNow transaction account. You can deposit money to your InvestNow transaction account from your nominated bank account. Please note the minimum investment amount for ANZ is $10,000. The minimum investment amount for the Bank of China is $25,000 and needs to be input…