--- title: Are you a bank or term deposit and are you covered by the government guarantee? description: No. TermPlus is not a bank or term deposit with a bank. Therefore we are not covered by the $250k government guarantee however we have built in layers of protection for your income which you can read --- [Skip to content](https://support.termplus.com.au/are-you-a-bank-or-term-deposit#main-content) English Show submenu for translations [![](https://support.termplus.com.au/hubfs/Termplus-Logo-v2-Full-Color-RGB.svg)](https://termplus.com.au/) - [Target Rates](https://termplus.com.au/#rates) - [How It Works](https://termplus.com.au/how-it-works/) - [About](https://termplus.com.au/about/) - [FAQs](https://termplus.com.au/faqs/) - [Reviews](https://termplus.com.au/reviews/) - [Contact](https://termplus.com.au/contact/) Open main navigation Close main navigation - [Target Rates](https://termplus.com.au/#rates) - [How It Works](https://termplus.com.au/how-it-works/) - [About](https://termplus.com.au/about/) - [FAQs](https://termplus.com.au/faqs/) - [Reviews](https://termplus.com.au/reviews/) - [Contact](https://termplus.com.au/contact/) - English Show submenu for translations - [termplus.com.au](https://termplus.com.au/) [termplus.com.au](https://termplus.com.au/) Got a question? We’ve got answers. - There are no suggestions because the search field is empty. 1. [TermPlus Customer Knowledge Base](https://support.termplus.com.au/?hsLang=en) 2. [General](https://support.termplus.com.au/general?hsLang=en) # Are you a bank or term deposit and are you covered by the government guarantee? No. TermPlus is not a bank or term deposit with a bank. Therefore we are not covered by the $250k government guarantee however we have built in layers of protection for your income which you can read more here: [https://termplus.com.au/is-termplus-safe-and-reliable/](https://termplus.com.au/is-termplus-safe-and-reliable/) TermPlus provides access to global private credit via a highly diversified, multi-manager, multi-strategy, global private credit portfolio of funds managed by highly rated private credit fund managers (‘Underlying Managers’) which, in turn, invest in loans, primarily to corporate borrowers (the ‘Underlying Assets’). For more information please refer to [*What is TermPlus?*](https://support.termplus.com.au/what-is-termplus?hsLang=en) and the [PDS](https://termplus.com.au/pds/). - [Getting started](https://support.termplus.com.au/getting-started?hsLang=en#main-content) - [Accounts](https://support.termplus.com.au/getting-started?hsLang=en#accounts) - [Troubleshooting](https://support.termplus.com.au/troubleshooting?hsLang=en#main-content) - [Account](https://support.termplus.com.au/troubleshooting?hsLang=en#account) - [General](https://support.termplus.com.au/general?hsLang=en#main-content) - [Account Management](https://support.termplus.com.au/general?hsLang=en#account-management) - [Tax](https://support.termplus.com.au/general?hsLang=en#tax) - [Funds/Payments](https://support.termplus.com.au/general?hsLang=en#funds-payments) - [Complaints and Feedback](https://support.termplus.com.au/general?hsLang=en#complaints-and-feedback) - [Rates/Fees](https://support.termplus.com.au/general?hsLang=en#rates-fees) - [News](https://termplus.com.au/news/) - [Adviser Portal](https://termplus.com.au/adviser/) - [Income Calculator](https://termplus.com.au/income-calculator/) - [Layers of Protection](https://termplus.com.au/is-termplus-safe-and-reliable/) - [Contact](https://termplus.com.au/contact/) [![Chill listening crop-3](https://support.termplus.com.au/hubfs/Termplus-Logo-v2-Full-Color-RGB.svg "Chill listening crop-3")](https://termplus.com.au/) Powered by [Pengana Capital Group](https://pengana.com/) © Copyright 2026 TermPlus [1300 883 881](tel:1300883881) [support@termplus.com.au](mailto:support@termplus.com.au)