The Australian Money Market platform requires just one initial application form to be completed to allow access to a range of institutions listed on the site. The platform allows planners to view the rates of various institutions and transact on the web with a click of a button. Upon the maturity of a term deposit, you are able to switch to a different institution and the funds are transferred automatically with same day value. All fund movements are always bank to bank and remain in the name of the client.
- automatic completion of all application forms and contract notes (after the initial account with Money Market is opened)
- same day portability of funds between institutions upon rollover that enables clients to continually maximize interest earned
- wholesale rates on all deposit amounts from banks are in one place allowing clients to shop for the best rate at a glance for the best return, allowing certainty of earnings and savings.
- full client confidentiality, the term deposit provider can not market to clients
- full history of financial transactions provided at the end of the tax year without any transaction fees
- flexible commission rates
The funds are always contained in accounts held with financial institutions in the name of the client. Australian Money Market does not hold any monies on trust for clients.
www.moneymarket.com.au provides us with a unique service to enable us to provide a better and more cost-effective
service for our clients and enabling us to build better client investment portfolios suitable for these risky times.
At the same time, www.moneymarket.com.au helps us to keep our costs down and our client net investment returns higher.
Bruce Baker, Director,
Puzzle Financial July 2010