Hume Bank Cash Management Account

Hume Bank Cash Management Account

Maximum Variable Rate

1.00

Standard Variable Rate

1.00

A savings account for big balances that lets you access your cash anywhere, anytime.

  • Tiered interest rate up to 1.00% p.a. for the highest balance
  • No account keeping fees
  • Access funds anytime
  • Free Visa Debit Card with PayWave

Product details

This account is a mix between a savings account and a transaction account, for those who can't quite decide which is the best fit for their saving / spending style. It offers interest on your balance, without penalising you for accessing your money. There are no account keeping fees, and it comes with an attached Visa Debit card with payWave for extra convenience. Interest rates are tiered, with the below rates applying to balances above $500,000.

This account offers the best of both worlds, it pays interest on your balance like a savings account, and offers easy access to your money like you would expect from an everyday transaction account. However, you need at least $5,000 to open an account.

Product Name
Hume Bank Cash Management Account
Maximum Variable Rate
1.00% p.a.
Standard Variable Rate
1.00% p.a.
Bonus Variable Rate
0.00% p.a.
Monthly Fee
$0
Minimum Opening Deposit
$5,000
Minimum monthly deposit for bonus interest rate
$0
Internet Banking
Yes
Phone Banking
Yes
No account keeping fees with free Visa Debit Card with payWave.

You receive four free electronic transactions each month including EFTPOS transactions. After this, transaction fees apply.

Pros

  • No account keeping fees
  • Access funds anytime
  • Free Visa Debit Card with PayWave

Cons

  • Minimum opening balance $5,000

If you're already a member of Hume Bank you can apply online for this account. If you are not a member, you will need to visit a local branch with ID such as a drivers licence or passport in order to apply for this account.

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