ADCU DIY Super Saver Account awarded a 5-star CANSTAR Cannex rating
Announcement posted by ADCU (Australian Defence Credit Union) 24 May 2013
Wednesday 22 May 2012
CANSTAR Cannex reviews ratings on a range of banking and finance products each year and assigns five star ratings to services and products that offer outstanding value.
Commenting on the award, John Ford Chief Executive Officer at ADCU said “The award displays ADCU’s commitment to offering our members products with great value that meet their evolving financial needs.”
“ADCU is proud to receive a five star rating from CANSTAR Cannex. This award acknowledges ADCU’s member centric values and reiterates our pledge to provide our members with outstanding value savings and investments products,” he said.
The landscape in which Australians manage their Superannuation has changed dramatically over the past few years and as a credit union ADCU is committed to growing and evolving with their members.
The ADCU DIY Super Saver Account was designed to provide Self Managed Super Funds with a viable investment alternative to the larger banks. The product aimed to cut out the heavy fees traditionally associated with Self Managed Superannuation and give greater control back to members. It operates as both a transactional hub and a high interest savings account, allowing the account holder to manage their cash and investments with flexibility.
Mr Ford said “ADCU was able to achieve this award by cutting out the complexities of do-it-yourself Superannuation, and providing a simple, yet highly competitive option. The scoring model is consistent with our history of providing a high interest rate, low fees and a wide range of transactional features.”
The ratings, released during April, compare 141 accounts across 66 institutions. Accounts are assessed for value with regards to a number of characteristics, including interest rates, fees and features. ADCU was one of only 12 institutions to achieve the 5-star rating.
ADCU is a member-owned organisation where all profits are reinvested back into the business, rather than to shareholders. This means they are able to deliver better interest rates and lower fees on our products to benefit their members.