cash & term deposits

An important step for Trustees in designing their SMSF’s investment portfolios is to have a plan for cash flow and liquidity. At Sapient we provide access to highly specialized cash management services to meet every trustees request. 

Our cash management solution gives trustees access to term deposits and ‘at call’ accounts from every major financial institution (over 20), all from one central account. 

Benefits of Sapient Money Market

  • Live access to term deposits and cash accounts from over 20 banks and credit unions.

  • Open one account with Money Market and have access to 20 institutions.

  • Simple switching of funds between accounts at maturity to maximize returns at the account with the best rate at the time.

  • No time delay as there is same day transfer of funds from maturing deposits into new deposits.

  • Wholesale term deposit rates are displayed in one place allowing investors to easily compare rates at a glance, allowing certainty of earnings and savings.

  • Get access to the bonus rates from all banks with high interest savings offerings and roll between the honeymoon rates.

  • Full financial transaction history at year end without any transaction fees.

  • Ability to split funds between different accounts so that all amounts in each account up to $250,000 are covered by the bank guarantee, i.e. investors could split $1 million between 4 accounts so that the entire amount is government guaranteed.

How does it work?

Investors complete one application form and this gives them access to a range of term deposits and cash accounts at over 20 institutions. When you complete the application you nominate your bank account that you invest from and at maturity of the term deposits funds will flow back into this bank account. 

What happens at maturity?

By default the funds will be returned to the SMSF’s bank account and your representative will be able to provide you with a range of options on where you can obtain the best rate. You do not need to complete any more forms after the initial application.

Who gives the instructions?

All investments into any term deposit are discussed with your representative and they make this allocation to the chosen term deposit under your instruction. No investment into any term deposit is ever made without the investor’s authorisation.

Is my money safe?

Yes. Funds in a bank account are covered by the terms of the Australian government guarantee so you can be sure your money is safe. Funds are always invested in your chosen name and Money Market only has the authority to move funds between approved institutions based solely on your instructions.

Will I receive a confirmation the allocation has been made? Yes. Every time an allocation is made to any term deposit you will receive an email notification to confirm that the allocation has been made.

Can I break a term deposit early?

Yes. You money is never locked away and you always have the option to break a term deposit early should you require funds. Should you break a term deposit you may forego interest earned and any break costs are notified before breaking the term deposit.