Bank of Melbourne Investment Cash Account

This account allows you to set up a flexible cash hub for your SMSF investments.

By keeping your money secured inside of the Bank of Melbourne Investment Cash Account you still earn interest while you wait for your next big investment opportunity. This account allows for free on call withdrawals every month, so funds are accessible.

0.01% p.a.

Maximum variable rate


Base interest rate

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Product NameBank of Melbourne Investment Cash Account
Maximum Variable Rate0.01% p.a.
Standard Variable Rate0.01% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

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Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

This could be the ideal setup for a Self Managed Super Fund (SMSF) account if you’d like your money separate from your personal cash.

Key features

Interest accrual

The money you have stored in the Investment Cash Account will be earning a competitive rate of interest. The rates are tiered so that the more money you have, the higher the interest rate.

Interest payments

Interest is calculated daily and paid into the account monthly allowing you to benefit from compound interest.

How to apply

If you have decided that this is the right account to manage your investment income from you can fill out an application online in just ten minutes.


Before you apply online, check the following eligibility requirements to make sure that you will qualify:

  • Minimum age. Applicants must be at least 14 years old to qualify for the Bank of Melbourne Investment Cash Account.
  • Residency requirements. You must be an Australian permanent resident or citizen.

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