Finder Score

Great

Maximum variable rate: 2.55% p.a.
Base interest rate: 2.55% p.a.

Our verdict

This account keeps your SMSF cash in one place so you can easily manage your funds.

Up to four SMSF trustees have access to the account, so each member of the SMSF can keep on top of the fund’s finances.

Pros

No minimum opening balance.
Unlimited transactions and zero monthly fees.

Cons

Requires manual verification, including a physical trust deed copy, demanding a branch visit.

The ANZ SMSF Cash Hub Account helps you keep on top of your balance, seamlessly manage your SMSF expenses and receive payments from your investments, such as rental income or dividend earnings, all from the one account.

This convenient account acts like a transaction account for your SMSF with unlimited free transactions, while also offering a competitive tiered interest rate for balances over $10,000.

Details

Key details

Product Name	ANZ SMSF Cash Hub
Maximum Variable Rate	2.55% p.a.
Standard Variable Rate	2.55% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0
Minimum Age	18

Key features

No account-keeping fees

There are no monthly account-keeping fees charged to this account.

Unlimited free transactions

This account offers unlimited free transactions. For example, you can make payments to the ATO, to your accountant or to your SMSF auditor as well as to any other service provider you might need to pay from the account. You can also pay various investment-related expenses like brokerage costs and insurance premiums.

Receive contributions and rollovers

Receive employer and voluntary super contributions into this account before you decide where to invest the funds. If you or any members of the SMSF have an existing super fund, you can elect to have the balance rolled over into the ANZ SMSF Cash Hub Account.

Receive investment earnings

Receive investment payments straight into the account, such as dividend earnings from shares your SMSF holds as well as rental payments from any investment properties your SMSF holds.

Earn up to 2.55% p.a. interest on your balance

Just because the cash in your ANZ SMSF Cash Hub Account isn't invested in the share market or other assets, it doesn't mean it won't be generating a return. The funds in your account will earn a tiered interest rate of up to 2.55% p.a. for balances above $10,000. Balances below this amount won't earn any interest.

No minimum balance

There's no minimum balance requirement to open this account.

Link this account to your share trading account

You can link this account to your chosen share trading account to easily contribute to your investments and receive any investment earnings.

ANZ Internet Banking and the ANZ App

You can manage the account through ANZ Internet Banking or the ANZ App, where you can check balances, transfer money and make payments, or bank in person at an ANZ branch. The account doesn't come with a debit card, so payments are made by BPAY, direct debit, or electronic and telegraphic transfer.

Pension payments

If an SMSF member has retired and is now drawing a pension (either via regular payments or a lump sum deposit), you can transfer funds from the ANZ SMSF Cash Hub Account directly to a member's own transaction account.

How to apply

You can't open this account online. Applications are made in person at an ANZ branch, and ANZ Private clients can also apply through ANZ Private. Before you go, check that you're eligible and have the documents below ready. For help, call ANZ on 13 13 14.

Eligibility

SMSF trustees only. The account can only be opened by the trustees of an SMSF to receive and manage the fund's money. It isn't available for personal use.
Identity checks. Every trustee who will operate the account needs to verify their identity, and the fund's beneficial owners (also called appointers) must be verified too.

Documents needed

SMSF trust deed. Bring a physical copy of the original trust deed for ANZ to verify, or a recently certified copy. ANZ can't accept digital copies.
TFN and ABN. You need to provide the tax file number (TFN) and ABN for your SMSF. If you don't provide your TFN, ANZ will need to withhold tax on the interest you earn at the highest marginal tax rate.
Corporate trustee details. If your SMSF is set up with a corporate trustee structure (as opposed to individual trustees), you need to provide the details for the corporate trustee including the ABN or ACN.
Identification. Each trustee needs one form of primary ID (an Australian driver's licence, an Australian or foreign passport, or a proof of age card) or two forms of secondary ID (such as a birth certificate, a citizenship certificate, a Medicare card or an ATO assessment notice).

Compare other products from ANZ

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. ANZ SMSF Cash Hub Account information page
2. ANZ SMSF Cash Hub Account TMD

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Alison Finder

Editorial Manager, Money

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Mobeen

September 10, 2023

Does the ANZ SMSF hub account come with a debit card?

Alison Banney Finder

September 14, 2023

Hi, no it doesn’t. But you can make electronic payments, BPAY payments and direct debits straight from the account.

Rochelle

June 24, 2019

Is this ANZ SMSF Cash Hub covered by Government Guarantee?

Jhez Finder

June 24, 2019

Hi Rochelle,

Thank you for your comment.

Yes, the ANZ SMSF Cash Hub account is covered by the Australian Government’s Financial Claims Scheme. Deposits of up to $250,000 with ANZ can be covered by the Australian Government’s Financial Claims Schem, guaranteed, if anything happens to ANZ.

Regards,

Jhezelyn

Show more Show less

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

ANZ SMSF Cash Hub Account

Pros

Cons

Key features

No account-keeping fees

Unlimited free transactions

Receive contributions and rollovers

Receive investment earnings

Earn up to 2.55% p.a. interest on your balance

No minimum balance

Link this account to your share trading account

ANZ Internet Banking and the ANZ App

Pension payments

How to apply

Eligibility

Documents needed

Compare other products from ANZ

Sources

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