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The Bank Bill Swap Rate (BBSW) is a short-term money market benchmark interest rate administered by the ASX.
The rate will be set on the first business day of every month and apply to the full calendar month.
Capspace will use the 30 day ‘Mid’ rate as its pricing benchmark for investors that choose this option. This rate is published daily by the ASX.
8.00% per annum paid monthly.
Rather than pay interest to your bank account each month, the interest payable is simply added to your initial investment.
Capspace does this monthly and then issues you a new unit certificate with the increased investment amount at the end of each financial year.
Yes, you can change your choice anytime, just contact us to let us know your preference(s).
You change your interest payment at anytime without cost.
There are no withdrawal fees.
If you have additional questions, please contact the Capspace team.