I thought it's fixed at RBA+0.8%, unless ANZ...

I thought it's fixed at RBA+0.8%, unless ANZ renegotiated/cancelled.

Previously SWF renegotiated from RBA+0.75% to RBA+0.8% after their client cash became more sizable.

That's only grown larger since then.


But ANZ did cancel or force renegotiation with one of the wealth managers.


8 months ago from Hub24 - “As anticipated these policy settings, combined with the low cost of funding for the banking sector, have resulted in ANZ confirming they are unable to renew the current cash deposit agreements with HUB24 on equivalent terms beyond 1 December 2022.”HUB24 said that despite this, it is “well progressed” on future arrangements for platform cash deposits following the expiry of the ANZ deal.

I heard something like ANZ values Selfwealth though, since it brings 10s of thousands of sub-accounts to them. And the market has changed since 8 months ago. So I've no idea what ANZ is thinking currently, good or bad.