Foreign Currency 

There are no entry or account fees. The offered rates you see are after the deduction of all fund costs and management fees.

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In the rare event an early withdrawal is approved a fee will apply in accordance with the PDS.

Earnr FCY Term Accounts offer great rates on foreign currencies, which are fixed for the term.

You can withdraw funds at the end of the term by scheduling a withdrawal before the Notice Date:

- 6 month Term: The Notice Date is 2 months before the end of the term

- 12 month Term: The Notice Date is 3 months before the end of the term

The Notice Date for each investment is shown inside the Earnr App and in our online platform, and it takes just seconds to make a withdrawal.

Please note your investment will automatically roll on the maturity date for another equal term, unless you make a withdrawal on or before the Notice Date.

Please contact us if you have any questions - we're here to help.

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Generally if Earnr receives your funds before 2pm Sydney time, you'll start earning interest that day.

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If they arrive after 2pm, you'll start earning interest the next business day.

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Interest accrues daily and is paid monthly or at maturity on Term accounts, depending on your selection.

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To find out more about Term Accounts, book a call with specialist here.

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Earnr has a network of 36 institutional accounts with major Australian banks, including accounts for all 7 foreign currencies we offer.

Just like with your other Earnr Accounts, when you add funds you will be provided with the transfer options available to you. Please note, these details may be different to those you use for other transfers.

If you'd like to find out more or get started, book a call with our team here.

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You should only deposit funds that you know you won't need to access before the end of the term you choose.

We have a duty to manage the best interests of all our members, as such, early withdrawals are generally not permitted.

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In the rare event we approve an early withdrawal based on a member demonstrating financial hardship, it will be subject to an early withdrawal fee of 1.925% of the withdrawal amount or $550, whichever is greater.

Earnr has been built specifically for savers. We use decades of banking experience and our networks to find risk-return anomalies in credit markets, for the benefit of our members.

We generate higher returns through:

1. Access to institutional deposit rates with major Australian Banks.  

2. Superior returns on secured loans - Earnr's loan portfolio is handpicked to generate a higher return compared to a standard bank home loan mortgage book, whilst being low risk.

You can learn more about our approach, here.

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Earnr is ASIC regulated and independently audited, and your investments are held on trust by Sandhurst Trustees – an independent custodian, and Bendigo and Adelaide Bank subsidiary – separate from Earnr.

If anything happens to Earnr or the responsible entity, the custodian acts in members’ best interests to manage or sell assets and return funds.

Like all investments, there is a risk Earnr may not perform as expected which could result in the loss of capital or income to our members.

We mitigate risk by:

- Maintaining an allocation of ~20% cash held with Australian banks
- Maintaining allocation to secured loans only with a target loan to valuation ratio of 55-60%
- Maintaining a target weighted loan tenor of 9-12 months to reduce exposure to property market fluctuations

We publish a monthly beneficial Security Coverage Ratio, which is currently 2.30x the amount of members funds. To help illustrate how this benefits our members, for every $100m in member funds, Earnr has an interest in $230m of cash and secured Australian property.

Please review the PDS for more information.

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