Transactions Cash Management
The Cash Management Account is an alternative to a Term Deposit for members who need at call funds. It provides the serious saver with higher interest rates and limited access.
This account is designed for members who wish to save seriously for a major item or as an account to deposit funds in temporarily. Solicitors can use this account for informal trusts (eg funds from the sale of a property).
Benefits:
- Assists members with a savings goal
- Easier budgeting
- Funds not reduced by account keeping fees
- The higher the balance of this account, the higher the interest rate.
- Member is able to access interest payments throughout the year
- Minimum withdrawal/deposit $500. Discourages impulse spending
| Features |
|---|
| NO account keeping fees |
| Tiered interest rate (whole balance) |
| Interest paid quarterly |
| Restricted access |
| Access to funds |
|---|
| Phone and Internet Banking |
| Branches |
| BPAY® |
| Pay Anyone |
Special conditions:
- Minimum balance of $500 must be maintained
- With the exceptions of direct credits, minimum transaction of $500 applies.