La Trobe

I was reading your article ‘The best rate on cash and term deposits’.

What are your thoughts on La Trobe offering 5.2% on 12 months term account? La Trobe is recommended by Lonsec and wanted to know if this is a safe investment.

Thank you

 

A: Thanks for the question.

Firstly and most importantly, La Trobe is not offering a term deposit. It is not guaranteed.

Secondly, I think you should  carefully review the Product Disclosure Statement before investing.

The fact that is “recommended” by Lonsec, within the class of “pooled investment options” doesn’t mean that it is not without risk.

Regards


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