CommSec-Cash-Management-Account

CommSec Cash Management Account

Information verified correct on December 11th, 2016

The Commsec Cash Management Account is now part of the Commonwealth Direct Investment Account (CDIA).

CommSec is one of the largest stockbrokers in Australia, offering a wide range of trading services for shares and derivative products.

CommSec's Commonwealth Direct Investment Account (CDIA) allows you to carry out unlimited electronic and trading operations with lower brokerage fees.

Rates last updated December 11th, 2016

The Commonwealth Direct Investment Account (CDIA) is designed as a settlement account to allow easy share trading with a low per-trade brokerage fee, as well as functioning as an everyday transaction account, with an option of a debit MasterCard. Earn interest on your money between investments, so there is no need to move money from one account to another.

Interest is calculated daily and paid monthly, with no account keeping fees. You can use CommBank's ATM network and NetBank online banking. You can also enjoy unlimited electronic transactions and two assisted withdrawals each month.

To open a CommBank CDIA account, you will need a minimum opening balance of $10,000.


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5 Responses to CommSec Cash Management Account

  1. Default Gravatar
    kv | May 27, 2016

    how do i transfer my existing share in commsec account to CDIA account

    • Staff
      Shirley | May 30, 2016

      Hi KV,

      Thanks for your question.

      To better answer your question, can I clarify if you’ve sold the shares?

  2. Default Gravatar
    Will | March 31, 2014

    What are the pros and cons of using a CDIA account as opposed to your own cash account?

    • Staff
      Marc | April 1, 2014

      Hi Will,
      thanks for the question.

      There are a number of differences between these two options. As the Commsec website states, trading with your own cash account means trades start at $29.95, whereas trading with the CDIA has costs which start at $19.95. The CDIA also presents a streamlined option by allowing you to earn interest between investments on balances of over $10,000 without the requirement of transferring funds between the difference accounts you might have.

      I hope this helps,
      Marc.

    • Staff
      Marc | April 1, 2014

      Hi Will,
      thanks for the question.

      There are a number of differences between these two options. As the Commsec website states, trading with your own cash account means trades start at $29.95, whereas trading with the CDIA has costs which start at $19.95. The CDIA also presents a streamlined option by allowing you to earn interest between investments on balances of over $10,000 without the requirement of transferring funds between the difference accounts you might have.

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