Chief investment officer Chris Andrews says the new platform will give registered users complete access to, and control of, their investments from any device.
“La Trobe Direct is easily accessible and operates on all devices including mobile phones, whether they are Apple, Samsung or other brands using different operating systems,” Mr Andrews said.
“The new investment platform, 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,” he said.
The lender says the initial launch includes two 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 continue to innovate and we are very excited to announce this upgrade of our online capabilities. La Trobe Direct will give over 24,000 retail mum and dad members in our $1.23 billion credit fund better control in placing their investments with real time authentications and validations via mobile phones, reducing paperwork to effectively zero, and 24/7 access, anytime and anywhere.”
Mr Andrews said there are plans to include more products in coming months.
“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”.