In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

ANZ Premium Cash Management Account

  • Avatar
ANZ Premium Cash Management Account
Maximum variable rate
0.15% p.a.
Base interest rate
0.05%p.a.

Summary

With ANZ Premium Cash Management Account you can earn a little interest on your cash while you're between investments.

The ANZ Premium Cash Management Account works as a hub for your investment cash. You can hold money in the account and earn a small amount of interest while it's there. Then you can move the money to other accounts or investments easily.

The account has minimal fees and you earn interest on a tiered structure. Higher balances earn more interest, but overall you won't earn much interest compared to an ANZ high interest savings account.

Pros

  • Make your savings work harder with tiered rates
  • Access to funds
  • No monthly fees

Cons

  • Minimum amount required to earn interest
  • Interest rates are lower than a savings account

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name ANZ Premium Cash Management Account
Maximum Variable Rate 0.15% p.a.
Standard Variable Rate 0.05% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 16

Key features

Account service fee

You are not charged any monthly account service fee.

Available transactions methods

You can access your money using ANZ ATMs, EFTPOS, phone and internet banking, BPAY or at an ANZ branch. A cheque book facility is also available if requested.


How to apply

Eligibility

If you do decide that this is the right account to manage your investment funds from, you can apply online. If you prefer, you can also apply in person at a local ANZ branch, just make sure that you meet the eligibility requirements before getting started:

  • Minimum age. Applicants for this account can be as young as 16 years of age.
  • Residency requirements. You must have a residential address in Australia in order to apply for this account. If you are applying from overseas, there is a special application form that you can use for non-residents.

If you want to apply for a joint account you need to visit a branch with all account holders (after your account is open) and sign a joint account authority form.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Richard Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Farz

April 02, 2022

What is the minimum deposit?


Avatar

Alison Banney Finder

April 06, 2022

Hi Farz,


The ANZ Premium Cash Management Account doesn’t have a minimum opening deposit nor does it require a minimum balance.


If this is the account you’re looking for, you can submit an application online or apply in person at a local ANZ branch.


Best,

Alison


Show more Show less
Avatar

Jay

December 29, 2021

Can I open an account under one name only??


Avatar

Alison Banney Finder

January 12, 2022

Hi Jay,


Yes, you can open one account under one name with ANZ.


Best,

Alison


Avatar

Afzal

August 25, 2021

Can we open a premium deposit account under three names?


Avatar

Alison Banney Finder

September 01, 2021

Hi Afzal,


Yes, you can open ANZ Premium Cash Management Account under three names. However, you won’t be able to apply for it online. You would need to apply in person. Visit an ANZ branch and sign a joint authority form.


I hope this helps.


Regards,

Alison


Avatar

Frederick

May 18, 2016

Can a SMSF hold a Premium Cash Management Account?


Avatar

Shirley Liu Finder

May 18, 2016

Hi Frederick,


Thanks for your question.


The ANZ Premium Cash Management is available for personal use only.


Go to site