ob体育

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Warning: Fixed term deposit scams

Published

23 December 2021

  • ob体育 is alerting investors about fake fixed term or high interest deposits in various currencies claiming to be a 鈥榥ew breed of investment鈥�
  • Offers appear to include common phrases such as 鈥榖eating inflation鈥� and 鈥榤eeting liabilities鈥�
  • These offers often include the unauthorised use of the Australian Government Coat of Arms and ob体育鈥檚 and/or APRA鈥檚 logos.

What to look out for

  • Unsolicited contact, especially when the person contacts you to invest. If someone contacts you, hang up or do not reply.
  • Interest rates that are higher than other alternatives. If an investment offer guarantees higher returns than other investments in the market, it is either high risk or it could be a scam.
  • The use of phrases like 鈥楢 new breed of investment鈥� or 鈥楽ustainable income / capital growth / beating inflation / meeting liabilities鈥�.
  • Documentation with the Australian Government Coat of Arms and ob体育鈥檚 and/or APRA鈥檚 logos. Any offer of financial products containing ob体育鈥檚 logo, the Australian Government Coat of Arms, or APRA鈥檚 logo, is a scam.

ob体育 notes that the use of the Australian Coat of Arms requires permission. Further information can be found in the hyperlink included below.

For more information about investment scams and what to look out for, visit the page on ob体育鈥檚 MoneySmart website.

Report scams聽

If you notice ob体育鈥檚 logo or references to MoneySmart on a company鈥檚 promotional materials, report it to ob体育. Include a link to the website or a screenshot. Your report may disrupt the scammers and hopefully will warn others to avoid it.

Think you have been scammed?

  1. Do not send any more money
  2. Report it to your financial institution
  3. Be wary of follow-up scams promising to help get your money back
  4. Report it to your local police
  5. Report it to ob体育 (unfortunately ob体育 cannot help you get your money back)

Further support

If you need someone to talk to, contact:

  • Lifeline on 13 11 14 or their crisis support (24 hours)
  • Beyond Blue on 1300 22 46 36 or their (24 hours)

If you are experiencing problems with debt, contact:

  • the National Debt Helpline on 1800 007 007 (Monday to Friday 9.30am to 4.30pm) or聽

Related links:

ob体育 is Australia鈥檚 corporate, markets and financial services regulator.