GOLD WIN­NER WEST­PAC Low rates plus a strong fea­tures list put the in­vestor in the box seat

Money Magazine Australia - - INVESTING BROKERS -

West­pac has now won this award four years in a row. For in­vestors who want to keep a tight rein on their costs, the West­pac prod­uct fits the bill, of­fer­ing cus­tomers some of the cheap­est vari­able and fixed rates in the mar­ket, says Emily Hor­ton, a re­search an­a­lyst at Canstar.

“For a loan amount of $50,000, West­pac’s vari­able rate was 1.49% lower than the mar­ket av­er­age, and its fixed rate was sit­ting 1.07% be­low the mar­ket av­er­age,” she says.

West­pac gives its cus­tomers an ar­ray of fea­tures in­clud­ing the abil­ity to trans­act on their loan ac­count on­line 24 hours a day, seven days a week. It also gives them a com­plete pic­ture of their bor­row­ings and shares in the one place.

The sec­ond placeget­ter for two years in a row, Lever­aged Eq­ui­ties of­fers its cus­tomers In­stal­ment Plus, com­bin­ing reg­u­lar in­vest­ment with bor­row­ing to in­vest to en­able them to pro­gres­sively build an in­vest­ment port­fo­lio.

You need $1000 with a min­i­mum loan of $2000 to get started, with a min­i­mum monthly con­tri­bu­tion of $250. You can con­struct a port­fo­lio from a range of more than 60 man­aged funds.

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