The Macquarie Cash Management Account is especially designed for the investor in mind. By providing you with fast access to your capital, you can make investment decisions in an instant. This account works for SMSF trustees, online traders and professional investors as a savings hub in between opportunities.
Finder makes money from featured partners, but editorial opinions are our own.
Macquarie Cash Management Account
- Maximum variable rate
- 2.75% p.a.
- Base interest rate
- 2.75%p.a.
Our verdict
Investors can store their excess investment funds in a flexible account.
This account also had online trading integration and is SMSF ready.
Pros
-
$0 monthly account fee.
-
Different types of account are available such as Joint, Sole Trader, Deceased Estate and even investment for your child under 18 years of age.
-
Available for SMSFs, online traders and investors.
Cons
-
Minimum opening deposit $0 required
Details
Key details
| Product Name | Macquarie Cash Management Account |
| Maximum Variable Rate | 2.75% p.a. |
| Standard Variable Rate | 2.75% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 18 |
Amy Lee's experience
I applied for the Macquarie Cash Management Account for my SMSF. The process was all online and so easy. I applied on the weekend and my new account was open within 2 business days after submitting the certified paperwork. Simpler than going into a bank and having to do it in person, which some require, and as a bonus, they offer a savings account with the Macquarie Cash Management Accelerator.— Amy Lee, Finder crew member
FAQ
Compare other savings accounts
1 - 13 of 189
Your reviews
No reviews yet.
Write a review
Alison Finder
Editor
Hi there, looking for more information? Ask us a question.
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
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 Terms Of Service and Finder Group Privacy & Cookies Policy.
Jhez Finder
February 12, 2020
Hi Staven,
Thank you for your comment.
The interest on the Cash Management account is calculated using stepped interest rates, which means that you’ll be paid a different interest rate for different portions of your balance. Balances between $0 and $4,999.99 will not earn interest and any balance above $5,000 will earn the interest rate, hence, you’ll earn interest for the first balances of $5,000 +.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Hope this helps.
Regards,
Jhezelyn
Show more Show less
Clare
December 03, 2017
I have a cash management account. Can I get a debit card to go with it??
Anndy Lou Finder
December 03, 2017
Hi Clare,
Thanks for your question.
The Macquarie Cash Management account does not come with a debit card. However, if you want to withdraw or get money from this account, you have several options available:
1. Transfer money to any Australian bank account
2. Use BPAY to make payments
3. Set-up a one-off or recurring payments.
I hope this helps.
Cheers,
Anndy
Show more Show less
Pauline
September 08, 2016
With a Cash Management Account, are you required to regularly deposit funds? I am considering the Macquarie Bank Cash Management Account.
Clarizza Fernandez Finder
September 09, 2016
Hi Pauline,
Thanks for your question.
There’s no minimum deposit required per month on this account, although it should be noted lack of any transactions for up to 3 years may qualify it as unclaimed money. However your bank should notify you before unclaimed money is handed over to ASIC.
Hope this helps.
Clarizza
Show more Show less
More resources on Finder
Banking
Investments
Banks
Staven
February 12, 2020
Does interest get paid on the first $5,000 or only on the balance above $5,000?