Australian Military Bank Cash Management

Are you looking for an account that lets you park your funds and earn competitive interest?

The Australian Military Bank Cash Management Account gives you easy access to funds in your account after seven days of account opening. This account comes with a minimum account opening balance requirement of $5,000. It offers interest using a tiered system. You don’t have to pay any ongoing monthly fees to maintain this account.

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0.25% p.a.

Maximum variable rate

0.05%p.a.

Base interest rate

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Details

Product NameAustralian Military Bank Cash Management
Maximum Variable Rate0.25% p.a.
Standard Variable Rate0.05%
Monthly Account Fee$0
Minimum Opening Deposit$5,000
Minimum Age18

Key features

Minimum opening balance

You can open the Australian Military Bank Cash Management account with a minimum of $5,000.

Interest rate

The bank pays interest using a tiered basis. If the balance in your account is from $5,000 to $24,999 it earns 0.05% p.a. If you have $25,000 to $99,999 in your account you earn 0.25% p.a. Balances of $100,000 or more can earn up to 0.25% interest. If the balance in your account falls below $5,000 it does not earn any interest.


How to apply

Eligibility

When you open a Cash Management Account you have to become a member of the Australian Military Bank. Applying for the account is easy and you can do so online, over the phone or by walking into your closest branch. To apply, you have to meet these eligibility criteria:

  • Minimum age. You are over 18 years of age.
  • Residency requirements. You are an Australian citizen or a permanent Australian resident.

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