Purpose built for savers

There are no entry or account fees. The offered rates you see are after the deduction of all fund costs and management fees.

In the rare event an early withdrawal is approved a fee will apply in accordance with the PDS.

If you wish to withdraw funds at the end of the term - please make a withdrawal before the Notice Date.  

The Notice Date is determined by the term, as follows:

• 3 month term: The Notice Date is 1 month before the end of the term
• 6 month term: The Notice Date is 2 months before the end of the term
• 12 month term: The Notice Date is 3 months before the end of the term

The Notice Date for each investment is shown inside the Earnr App and in our online platform, and it takes just seconds to make a withdrawal.

Please note your investment will automatically roll on the maturity date for another equal term, unless you make a withdrawal on or before the Notice Date.

Please contact us if you have any questions - we're here to help.

We offer the following account types:

• Individual
• Joint (up to 5 individuals)
• Sole Trader
• Partnership
• Company
• SMSF
• Trust

Yes you can. You can open as many joint accounts, business accounts, SMSF and Trust accounts as you like, including as an authorised representative.

You can do this by:

• Logging into Earnr online
• Heading to Accounts in the top navigation bar
• Click  +Open New Legal Account

You can manage all your accounts centrally in the Earnr App or by logging into Earnr online.

You should only deposit funds that you know you won't need to access before the end of the term you choose.

We have a duty to manage the best interests of all our members, as such, early withdrawals are generally not permitted. In the rare event we approve an early withdrawal based on a member demonstrating financial hardship, it will be subject to an early withdrawal fee of 1.925% of the withdrawal amount or $550, whichever is greater.

Banks generate the bulk of their returns from low rate, long term home mortgages.

Earnr has been built specifically for savers. We use decades of banking experience and networks to find risk-return anomalies in credit markets, for the benefit of our members.

We focus on mortgages with higher returns, that are shorter term, and over-secured by Australian property.

This approach allows us to outperform on risk adjusted return basis, and pay higher rates to our members.

For more information on our lending and valuation criteria please see section 6 of the PDS.

Earnr's assets are held by a registered custodian, Sandhurst, a subsidiary of Bendigo and Adelaide Bank.

In the event anything were to happen to Earnr or the responsible entity for Earnr, your investments with Earnr will not be lost as they are held on trust for you by the custodian.

The independent custodian would take control Earnr's assets, and act in the best interests of the members to manage or sell the assets and return funds to the members of Earnr.

We are legally obligated to tell you, there is risk Earnr may not perform as expected which could result in the loss of capital or income to our members.

We mitigate risk by:

• Maintaining an allocation of 15-20% to cash held with Australian banks
• Maintaining allocation to secured loans only with a target loan to valuation ratio of 55-60%
• Maintaining a target weighted loan tenor of 9-12 months to reduce exposure to property market fluctuations

We publish a monthly beneficial Security Coverage Ratio, which is typically 1.90-2.00x the amount of members funds.

To help illustrate how this benefits our members, for every $100m in member funds, Earnr has an interest in $190-200m of cash and secured Australian property.

Please review the PDS for more information.