Rate rises off this low base helps for sure...
A couple of things to note...
The benefits from rate rises for SW will cap out. They have a target a max before they will then pass the remainder of interest accrued onto the client. I think it was around 1.5% but I am sure someone on here will know the exact number?
If interest rates become more meaningful, Then the number of apathetic clients who were previously happy to leave cash sitting in Selfwealth there will decrease as they look for a return.
RBA Rates, page-6
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