HUB24 first to add ING DIRECT term deposits to platform

HUB24 has kicked off 2015 by adding more choice to its IDPS and Super platform with the availability of ING DIRECT’s 3-month, 6-month and 1-year platform term deposit products (TDs).

Wes Gillett, Head of Marketing & Distribution, HUB24, commented: “We believe that the key to a successful platform is choice, extending across all providers and products. This includes term deposits, which are an integral part of an investment strategy, especially for clients approaching retirement or looking to park cash at higher rates while researching investment choices.

“We’re pleased that ING DIRECT has chosen HUB24 to be the first platform through which to offer TD products, and it’s great that we have been able to add an award-winning provider to our menu.”

Mark Woolnough, Head of Third Party Distribution, ING DIRECT, added: “We are increasingly working with advisers and are very pleased to be part of the HUB24 platform which has a demonstrated track record for innovation and really resonates with our values at ING DIRECT.

“Our Term Deposits have a range of features including competitive rates and no ING DIRECT fees and it’s great to start the year on the HUB24 platform, bringing choice, flexibility and a compelling cash solution to advisers and their clients.”

ING DIRECT is the fifth TD provider to be offered by HUB24, in addition to RaboDirect, National Australia Bank, St George Bank and Adelaide Bank.

Offering a range of TD providers and a broad selection of terms and competitive rates will increase efficiencies for advisers. They can be confident that HUB24 has done the groundwork in pulling together a comprehensive selection of cash solutions to suit a variety of client needs.

Mr Gillett added: “This is a great way to start 2015 and we look forward to continuing to expand our range of providers and products to meet growing demand from advisers and their clients.”