5050 Investors’ cash funds in Australian dollars (cash) held through Mason Stevens products and services is pooled and invested into products provided by the following Authorised Deposit-taking Institution (ADI):
- Australia and New Zealand Banking Group ABN 11 005 357 522 (ANZ), or
- Citibank Pty Ltd ABN 88 004 325 080 (CITI), for amounts to settle pending purchases or receipt of sale proceeds.
Investors’ cash is managed among the deposit accounts to ensure that amounts are reserved to settle pending purchases and amounts are made available for investment. The interest rate applicable to investors’ account for cash held through Mason Stevens products and services is notified to investors via this webpage as referenced in the Mason Stevens Global Investment Service Guide and the Mason Stevens Super Product Disclosure Statement and Additional Information Guide.
The rate calculated on investors’ cash will be determined by the interest earned by Mason Stevens on all investors’ cash on deposit with the respective ADIs after consideration of any fees payable to Mason Stevens for any management and administration of such cash balances and associated payments and services. Mason Stevens will not withdraw investors’ money except where instructed by the investor, including an authorisation by the investor in accordance with the terms of any Mason Stevens disclosure documents.
The cash held in investors’ accounts earns a variable interest rate that will generally be lower than the official cash rate set by the Reserve Bank of Australia (RBA) and Mason Stevens will return not less than 0% on an investor’s cash balance.
As at 1 November 2024:
| Product and Service | Mason Stevens Cash Balance Rate |
| Mason Stevens Global Investment Service | 3.50% |
| Mason Stevens Super | 3.50% |