June 2026 Update: TermPlus Fixed-Term Accounts Offer Up to 8.50% Per Annum Over Five Years for Self-Managed Super Fund Trustees, SMSF Investors and Australian Retirees as Inflation Hits 4.6%

TermPlus updated its fixed-term accounts in June 2026, tying target yields to the RBA cash rate (4.35% as at 5 May 2026) plus fixed margins to offer 7.35% (1-year), 8.00% (2-year) and 8.50% (5-year) per annum (net of portfolio fees). The product, managed by Pengana Credit and backed by a global private credit portfolio, targets SMSF trustees, retirees and retail investors with a A$2,000 minimum. With Australian inflation at 4.6% and rising cash rates, the offering could draw SMSF cash allocations away from low-yield deposits toward higher-yield private-credit-linked accounts, potentially reallocating portions of the A$1.06 trillion SMSF sector. The structure’s responsiveness to future RBA moves is highlighted as a competitive feature.