MONEY MASTERS

CommBank: Flexi Rate Deposits

Steve James. head of adviser distribution Commonwealth Bank of Australia

The CommBank Flexi Rate Deposits Money Masters course with Steve James will explore how these deposits can be utilised by investors to provide a greater certainty of returns, irrespective of adverse interest rate movements. Steve also discusses how these products work to manage risk, the rules and requirements of the deposits, and the key features of the CommBank Flexi Rate Deposits range.

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What you'll learn /

The CommBank Flexi Rate Deposits masterclass with Steve James will give you insights into:

 

How deposit products meet market and client demands
How the CommBank Flexi Rate Deposits manage market risk
The rules and requirements of the CommBank Flexi Rate Deposits
The key features and range of the CommBank Flexi Rate Deposits

About the expert /

Steve James /

head of adviser distribution Commonwealth Bank of Australia


Steve has worked in the financial services industry for over 25 years. His experience spans foreign exchange trading, financial planning and online stockbroking, and he played a key role in developing online broking services for the independent financial adviser market. He now works closely with advisers to help manage their clients’ interest rate exposures by creating innovative fixed interest solutions.

  • CPD hours1.5
  • Knowledge AreaMANAGED INVESTMENTS
  • TypeMONEY MASTERS
  • PriceFREE
  • Share

Outline of the course /

About the product

The CommBank Flexi Rate Deposits are fixed term floating rate deposits that can be set for one to five years with the interest rate being reset ever 30 days.

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01.
OVERVIEW

A message for advisers

The CommBank Flexi Rate Deposits put more control in the hands of the adviser while offering the client better protection from interest rate movements.

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02.
STRUCTURE AND OBJECTIVES

Product features

The CommBank Flexi Rate Deposits may be based on a standard floating rate deposit but have three unique characteristics which provide greater certainty to returns.

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03.

Time horizons

The CommBank Flexi Rate Deposits are a fixed term floating rate deposit that can be set for one to five years with the interest rate being reset every 30 days.

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04.

Managing risk

In recent years low interest rates have adversely affected the certainty of returns from Deposit solutions. The CommBank Flexi Rate Deposits have a number of unique features to better manage these risks.

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05.

Minimum requirements

The CommBank Flexi Rate Deposits have a number of rules regarding holding periods and purchase requirements all of which require careful consideration.

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06.

Things to consider

When taking up the CommBank Flexi Rate Deposits there are a number of things that the adviser and client must consider such as future interest rate movements and the client’s investment horizons.

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07.
BEST SUITED FOR

The ideal client

The CommBank Flexi Rate Deposits are designed for clients looking for capital protection or income protection over the medium to long term.

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08.

Working with the client

The CommBank Flexi Rate Deposits provide advisers more control to create strategies that meet the client’s investment time horizons and their outlook for interest rate movements.

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09.

Test yourself /