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Commercial Money Market Account
Higher returns for big savers
The Commercial Money Market Account is perfect for anyone with amounts over $50,000 to invest. This account has higher returns than traditional at call accounts and gives you access to your money when you need it.
- Earn a high interest rate for amounts over $50,000 while keeping your money at call
- No monthly account service fee when you maintain a minimum monthly balance of $50,000
- An ideal investment vehicle for businesses, schools, charitable organisations, financial advisors and individuals
Click here to compare accounts.
Key features
- Minimum opening balance of $50,000
- Interest paid on all balances over $50,000
- 10 free transactions per month, including 5 deposits and 5 withdrawals
- 20 free bank cheques per month
- 15 free collection items per month
Statements
- Issued monthly
- View transactions online with Internet Banking at any time
Interest
- High rate of interest on amounts over $50,000
- Tiered interest – the higher your balance, the higher the interest rate
- Calculated daily, paid monthly
Additional benefits
- Receive regular SMS and Email Alerts for withdrawals, deposits and balances^
Account access
- Instant access to your funds via BankSA branches and Internet and Phone Banking
- Convenient, secure, unlimited 24/7 access to Internet and Phone Banking
- Automate deposits with direct credits (for salary, investment income, home sale proceeds or other excess funds)
Account service fee
- No monthly account service fee
Transaction fee
- 5 free deposits per month
- 5 free withdrawals per month
- 20 free bank cheques per month
- Read more about fees and charges
Call us
- Apply over the phone by calling on 13 13 76 7.30am – 7.30pm, Monday to Saturday and to connect you faster, say “New Account” when prompted.
Visit a branch
Requirements
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^ Charges apply to SMS Alerts and Email Alerts are free.
† Subject to systems availability and maintenance.
