In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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BankSA Investment Cash Account

BankSA Investment Cash Account
Maximum variable rate
1.00% p.a.
Base interest rate
1%p.a.

Summary

Earn interest on your excess investment cash in a secure account that provides you with easy access when the next investment opportunity comes along.

The BankSA Investment Cash Account acts as a hub for your SMSF or investment money, earning interest at a competitive rate. This is an at-call account, letting you to move the money quickly through internet and phone banking when you need it. With no fees to eat away at your savings and free withdrawals, your investment funds are in good hands.

Pros

  • $$0 monthly account service fee
  • Free access to internet banking every day

Cons

  • Limited number of free banking withdrawals
  • Fees apply on EFTPOS transactions
  • Fees apply on transactions made abroad

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert

Details

Key details

Product Name BankSA Investment Cash Account
Maximum Variable Rate 1.00% p.a.
Standard Variable Rate 1.00% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

Monthly account service fee

There is no monthly account service fee for the Investment Cash Account.

Transaction fee allowance

You are permitted five free withdrawals each month from the account, including two that are staff assisted.


How to apply

Eligibility

If you have found that the features of the Investment Cash Account work with the way you make your investments, then you can begin filling in your application online. This should only take about ten minutes, but before you start make sure that you are able to meet the following eligibility requirements:

  • Minimum age. In order to open this account you must be at least 14 years of age.
  • Residency requirements. You have to be an Australian permanent resident with a residential address in Australia to be eligible for this account.

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