Crediting Rates

Monthly crediting rates

For the current crediting rates, click here.

Crediting rate history

For SPEC Super’s crediting rate history, click here.

How is interest allocated to your account?

SPEC Super declares a monthly interest rate for each investment option.  These rates are determined by the Trustee with regard to the actual investment return on the Fund’s assets, after estimated tax and expenses.

The declared monthly interest rates are applied to members’ accounts following the end of each financial year, or on earlier exit, based upon the transactions in each month.  Interest is calculated from the date of each transaction for the number of remaining days in the month.  Interest then compounds at the end of each month.  Where you switch investment options, the relevant declared rates will be applied to each option.

The interest rate can also be negative, in line with movements in the value of the Fund’s investments, in which case the interest applied will be negative.

Interim crediting rate policy

If you leave the Fund before the Trustee has declared the most recent monthly interest rate/s, an interim rate is used for each investment option.

The Trustee determines the interim rate/s, based upon benchmark returns which reflect the investment performance for each investment option at that point in time and an estimate for tax and expenses.