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Earn 250 Qantas Points for Every $1000 Invested in 12-Month Term Account (Min $10,000, Max 150,000 Points) @ La Trobe Financial

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Earn 250 Qantas Points for Every $1000 Invested in 12-Month Term Account (Min $10,000, Max 150,000 Points) @ La Trobe Financial
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beatthatflight on 08/02/2021 - 20:29 latrobefinancial.com.au (240 clicks)
Last edited 08/02/2021 - 20:40 by 2 other users

An interesting offer from La Trobe Investment. Their current investment offer is 4.35%, reviewed monthly.

To qualify you must make an eligible investment of a minimum of $10,000 in La Trobe Financial’s 12 Month Term Account. Terms and conditions apply.

Boost your points balance when you invest with La Trobe Financial, and start planning your next adventure.

You can earn 250 Qantas Points for every eligible investment of $1,000 in the 12 Month Term Account.* That’s 150,000 Qantas Points on an eligible investment of $600,000.

Financial Frequent Flyer Investment Qantas Frequent Flyer Reward Points

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closed Comments

  • yht on 08/02/2021 - 20:38

    Too good to be true investment ?

    • bargain ben on 08/02/2021 - 20:45
      +2

      It’s not a bank, and not guaranteed by the government. You could lose some or all of your money.

    • [Deactivated] on 08/02/2021 - 20:46
      +1

      term deposit with a variable rate seems dodgy.

      at 1c per point the bonus is an extra 0.25%

    • bazza1980 on 08/02/2021 - 20:47

      The 4.35% just comes with risk.

      You're investing in loans/mortgages, and with a 4.35% return, these are risky/dodgy loans (e.g. loans in arrears and secured by riskier assets) given that most people would be paying 1.9% to 4% on their home loans.

      • serpserpserp on 08/02/2021 - 22:03

        Doesn't look like it is just home loans. There is also (in this fund) 4.7% of non-performing loans. Would say it could also be fully secured business loans that are in financial restructuring. A lot of people wouldn't know that financial restructuring can make a lot of money for the business that helps a business at the brink of falling over back onto their feet again. Looks like these guys will take on a portfolio of struggling loans and try and turn them around.

        Interesting idea, but really for the risk you'd want some more return. But then again 4-5% in an environment like this isn't terrible. But I feel like stashing my money in Amazon shares would be a safer bet at this point.

        • freefall101 on 09/02/2021 - 09:29

          Only 55% home loans according to their last financial statements https://www.latrobefinancial.com.au/File/Pdf?fileDataId=3b96…

          Interesting mix of funds, seems they group loans on risk then pay out most of the interest earned on those while keeping all the loan fees for themselves.

          IMO the 2% held as cash reserves on this account scares me a bit. I’m not a financial advisor, just risk adverse.

  • ifuggedxyz on 08/02/2021 - 20:46
    +1

    "The rate of return on your 12 Month Term Account investment is current at 1 December 2020. The rate of return is reviewed and determined monthly and may increase or decrease each month… The rate of return is not guaranteed and is determined by the future revenue of the Credit Fund and may be lower than expected."

    "An investment in the Credit Fund is not a bank deposit, and investors risk losing some or all of their principal investment."

  • stirlo on 08/02/2021 - 20:58

    What the (profanity) is a 12 month term with variable rate?

    Why would you agree to this when they can (profanity) you over immediately by halving the rate (or zeroing it) and you have no recourse because your money is locked in?

    • punkman on 08/02/2021 - 21:25
      +2

      lol do they guarantee your deposit is there after 12 months, or is this variable as well

  • cook99 on 08/02/2021 - 21:17
    +4

    I wouldn't be handing 1c to this let alone $10k

  • punkman on 08/02/2021 - 21:21
    +1

    Wow why is no-one negging this, there is no guarantee on rate nor guarantee that everyone is on the same rate ie. they keep you for a month drop[ rate significantly and then have a flashy website to attract new people to the pyramid with the promise of Qantas points.

  • b2dz on 09/02/2021 - 09:04

    This is absolutely bad news. Steer clear of this. no guarantee on the rate means they essentially drop the rate to zero and you keep nothing.

  • serpserpserp on 09/02/2021 - 19:19
    -1

    To all the neggers: This isn't a term deposit. It is an investment account.

    • BargainBenno on 10/02/2021 - 09:55

      Yes being investment account with no guaranteed return nor a capital guarantee. I would be careful.
      We have seen these products before and when you can borrow money at two per cent on a home loan and get over four per cent it rings bells as to what your investment funds are being used for.
      I would suspect personal loans through small financiers and short term loan shops.
      Only time will tell if this is a secure investment.

      I think an investment in a high yield ETF might be a better option.

      • serpserpserp on 10/02/2021 - 11:40

        I know this. I'm pointing it out for all the people who are reading about this like it is a term deposit. Which it clearly isn't.

    • stirlo on 10/02/2021 - 10:04

      Whats the 12 month term for then? Can you get you money (and interest) out after a month when they drop the rate?

      • serpserpserp on 10/02/2021 - 11:44

        Read above. It isn't a term deposit. You don't get your principal back at the end if they make an investment loss.

        • stirlo on 10/02/2021 - 12:02

          So it's worse? You can't remove the money for a year and they don't guarantee it's return at all…

          • serpserpserp on 10/02/2021 - 18:23

            @stirlo: I'm not defending it. It is what it is.

            Right now you get nothing on a term deposit. These guys are hoping to manage their "investments" to return you 4-5% + p.a. Probably best to read up on how many funds have gone out of business for these guys. But I assume that given the good Money magazine ratings and the like, they aren't fly by night operators.

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