Investment Cash Account

A competitive variable interest investment account with easy access to your cash

  • Earn a competitive variable interest rate on cash investments
  • Easy access in branches, ATMs and chequebook, plus online with Internet and Phone Banking 24/71
  • Automate deposits like your salary and investment income with direct credits
  • Perfect for Self Managed Super Funds (SMSFs) as a cash hub account, to keep SMSF cash separate from personal cash.
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Overview

High variable interest investment cash account
  • Earn a competitive variable interest rate from the first dollar, calculated daily, paid monthly
  • Benefit from tiered interest rates – the higher the balance, the higher the rate

Save on fees
  • No monthly account service fee
  • 5 free withdrawals every month (including 2 staff assisted)
  • Free unlimited everyday Internet Banking2

Easy at call access

In branch, ATMs, chequebook, 24/7 Internet and Phone Banking1, eftpos, BPAY® and Bank@Post™

Cash hub for SMSF investors

Can be your cash hub account for your Self Managed Super Fund and investments
Rates & Fees

Rates

Balances up to $4,999.99

0.25 % p.a.

From $5,000 to $9,999.99

0.25% p.a.

From $10,000 to $19,999.99

0.25% p.a.

From $20,000.00 to 49,999.99

0.25% p.a.

From $50,000.00 to $99,999.99

0.25 % p.a.

From $100,000.00 to $249,999.99

0.25% p.a.

From $250,000.00 to $499,999.99

0.25% p.a.

From $500,000 and over

0.45% p.a.

 

 

 

Fees

Monthly account service fee

$0.00

Number of free everyday banking withdrawals every month

5 (including up to 2 staff assisted)

Everyday Banking Transaction fees (after your free withdrawals have been exceeded)

Internet Banking transactions

Free

Phone Banking transactions

Free

BankSA / St.George / Bank of Melbourne / Westpac ATMs (in Australia)

$0.60

eftpos

$0.60

Electronic agency

$0.60

Free Collection items each month

10

Cheque

$1.00

Staff assisted (after your monthly transaction allowances have been exceeded)

$2.50  

Transaction fees apply (Free monthly withdrawal allowances do not apply to these fees)

Direct Debit

$0.20

Periodical Payment

$4.00

Overseas Cash Withdrawal (including overseas ATM withdrawal)

$5.00

BankSA / Bank of Melbourne / St.George ATM Mini transaction history request

$0.20

Frequent Statement (per month)

$2.00

Foreign Currency Conversion

3.0%

Collection item

$0.60
Right for me?

Earn a great tiered rate with easy access to your money

Perfect for investors and savers

  • Earn a competitive variable tiered interest rate - the higher your balance, the higher the rate
  • Park excess cash (e.g. your home sale proceeds or share sales proceeds) and earn a competitive rate with at call access to your funds. Take the time to plan your next investment strategy without losing out on interest!
  • To maximise your investment returns, automate deposits like your salary and investment income
  • Get all the little extras, like eStatements, optional SMS and Email Alerts3, and a mini transaction history at ATMs.

Perfect as a cash hub for your Self Managed Super Fund (SMSF) and Investment Portfolio

  • If you have a SMSF, as the trustee you (and any other members of the SMSF) must ensure that cash in the SMSF is held in a separate account from personal cash
  • Investment Cash Account can be your “cash hub” for your SMSF or investment portfolio, with all contributions and investment income paid into it and all benefit payments and expenses paid from it
  • With Investment Cash Account, you earn competitive interest rates with easy access via chequebook, branch and online 24/71
  • Plus get regular statements for easy reporting, or view transactions online anytime with Internet Banking.1
Statements

Keeping track of your Investment Cash account is easy!

Internet Banking

View transactions online anytime with Internet Banking1

Paper Statements

Posted to you every 6 months4

Mini transaction history

Available at any BankSA ATM .

eStatements

View, print and save up to 2 years of statements online when you choose eStatements.

Yearly interest summary

View and print your Financial Year interest summary with Internet Banking.

SMS / Email Alerts3

Keep track of when deposits and withdrawals are made on your account with SMS / email alerts.
How to apply

Apply Online

Open now. It takes just 10 minutes!

 

Call us

13 13 76 and say “New account” when prompted

Visit a Branch

Find your nearest branch

What you'll need

Contact details (address, phone number, email address)      

Find out what information you need to provide to become a customer

Tips
  • New to BankSA? To open a bank account in Australia, you’ll need to confirm your identification
  • An Investment Cash Account can be used as a cash hub for your Self Managed Super Fund.

Important information

Conditions and fees apply.

Before making a decision, it’s best to read the terms and conditions.

Please read these documents and keep a copy. You can request a paper copy at a branch.

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it's right for you. If you need help, call 13 13 76.

BPAY® Registered to BPAY Pty Ltd ABN 69 079 137 518

1 Subject to systems availability.
2 Internet Banking is free but will be counted towards your monthly fee-free transaction allowance. Daily transaction limits apply.
3 Fees apply for SMS Alerts per month. Email Alerts are free.
4 You have the option to receive statements more frequently.