We’re bringing the MLC and Expand brands together

The Expand brand is here to stay but along with it you’ll start to see the MLC logo. The MLC brand represents superannuation, pension, investment and other capabilities within the Insignia Financial Group.

ClientFirst: 1800 517 124

Please note that a minimum investment amount of $5,000, restricted access to capital, and strategy terms apply. To invest in maturing investments, please refer to the relevant product document below, noting that not all product offerings from the listed providers are available in Expand.

Term deposits

Interest rates as at 20 May 2024 effective 12.00am AEST

Provider Term Interest rate*
NAB 1 month 2.95% pa
NAB 2 months 4.50% pa
Adelaide Bank 3 months 4.80% pa
ANZ 3 months 4.92% pa
NAB 3 months 4.80% pa
Adelaide Bank 6 months 4.80% pa
ANZ 6 months 5.05% pa
NAB 6 months 4.95% pa
Adelaide Bank 12 months 4.70% pa
ANZ 12 months 5.10% pa
NAB 12 months 5.05% pa
NAB 24 months 4.75% pa

* Interest rates are generally updated on Monday and are valid until 5pm Thursday of the same week. Interest rates are indicative only and the interest rate applicable to a term deposit may differ from rates shown above. We do not accept any responsibility for any inaccuracy or for investment decisions or any other actions taken by any person on the basis of the information included.

Fixed-term annuities

Challenger Guaranteed Annuity terms, rates and payment frequencies available through Expand Extra for purchase by 5.00pm AEST on Tuesday, 7 May 2024:

Term Base indicative interest rate1 Guaranteed additional premium rate2 Indicative interest rate3 Interest payment frequency
1 year 5.04% pa - 5.04% pa* Semi-annual
2 year 5.20% pa 0.10% pa 5.30% pa Annual
3 year 5.30% pa 0.10% pa 5.40% pa Annual
4 year 5.30% pa 0.10% pa 5.40% pa Annual
5 year 5.35% pa 0.10% pa 5.45% pa Annual

New purchases of annuities

Clients must have sufficient cash available in their account at the time of purchasing a new annuity request (7 May 2024). If your clients do not have sufficient cash levels4 on 7 May 2024, their new annuity request may not be honoured and will need to wait until the next Challenger Annuity Offer to place their instruction.

Reinvesting in annuities

When reinvesting, clients must have sufficient redeemable investments available in their account at the time of processing a new annuity request (7 May 2024). If your clients do not have sufficient redeemable investments on 7 May 2024, their new annuity request may not be honoured and will need to wait until the next Challenger Annuity Offer to place their instruction.


1 Effective 6 May 2024. This interest rate is subject to change.

2 The premium is fixed and is not subject to change.

3 This interest rate is subject to change and is dependent upon fluctuations in the base rate. Consequently, the effective rate may differ from the indicative rate. Your final interest rate will be confirmed online before the commencement date of the annuities.

4 Super, pension and investment products require a minimum Cash Account balance of 1% of your account balance.

* Semi-annual payment rounded to two decimal places.