ASL provides our Members the means to manage liquidity and, at the same time, maximise investment returns. ASL has partnered with a number of Tier 1 Financial Institutions to provide Members a comprehensive low risk investment to suit individual requirements.
An At Call Deposit Account is ideal for maximising your surplus cash with the added flexibility for you to recall the funds to meet your liquidity requirements. This account is ideal for those Members who have surplus funds, but require these funds to remain accessible readily. For same-day withdrawals, simply call ASL by 4pm. Interest is calculated daily and paid monthly.
A Term Deposit is a low-risk investment that is ideal for maximising any surplus cash that is expected to be held for longer periods. As the interest rate is fixed for the term you select, you’ll have the security of knowing that your interest income is protected from fluctuations in investment markets.
ASL specialises in providing a range of wholesale payments services to financial institutions. ASL provides high quality, value for money and efficient service to its Members. ASL has partnerships with best of breed service suppliers to ensure that it can bring to its member clients the best solutions possible to their financial payments needs.
ASL has operated for over 20 years supporting Australian Mutual organisations, was the first non-bank to hold an Exchange Settlement Account, and has an enviable performance record. ASL is an approved deposit taking institution and is supervised by the Australian Prudential Regulation Authority.
For further information on this, or any ASL product, please contact ASL.