‘Sleepy’ savings rates hurting SMSF returns

by

Ed.

From financialnewswire.com.au: New data from Mozo indicates that self-managed super fund members are losing potential earnings due to low-interest savings rates, with the average rate currently at 2.22%.

This contrasts sharply with the highest offered rate of 4.45% from Qudos Bank, which could yield an additional $26,000 over five years for a $200,000 balance.

Filed under: Superannuation