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Specialist lender launches online investment platform

Francesca Krakue 1 minute read

La Trobe Financial has announced the launch of a new platform that will offer customers the opportunity to invest directly into the lender’s credit fund.

The new platform, La Trobe Direct, will allow investors to securely invest their money online.

Once registered on the platform, investors will have “real time 24/7 access to and control of their investments, anywhere, anytime across the globe”, the lender said.

“La Trobe Direct allows investors to enjoy competitive investment rates, view investment transactions, set up a regular savings plan, view account balances and manage interest distribution flows on a 24/7 basis,” La Trobe Financial’s chief investment officer, Chris Andrews, said.

Mr Andrews said the lender has started with two portfolio account products – the classic 48-hour account currently paying 3.2 per cent per annum and the 12-month term account currently paying 5.2 per cent per annum.

“We are presently integrating the other two accounts, namely our leading ‘Peer to Peer’ Select Investment and our High Yield Investment Account, a three-year product currently paying 7.00 per cent per annum,” he said.

“We expect to release the update prior to Christmas so all four investment accounts will be available”.

Mr Andrews said the platform will be accessible on all devices, including mobile phones.

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