Cash Management
If you’re looking for a place to park your funds and earn great interest, the Cash Management Account is a great place to start.
Internet and
Mobile Banking
Competitive tiered
interest rates
Minimum balance
$5,000
Overview
The Cash Management Account features:
- Minimum opening balance of $5,000
- Competitive interest rates paid on a tiered basis
- Interest calculated daily and paid quarterly
- Minimum withdrawal of $1,000
- No monthly account keeping fees
- Unlimited branch withdrawals
- 24/7 access via internet and mobile banking
- Direct credit facility available
Rates & Fees
Here’s a breakdown of the rates and fees for the Cash Management Account:
- Monthly account keeping fee: $0
| Balance | Interest Rate |
| Below $5,000 | 0.00% p.a. |
| $5,000 - $24,999 | 0.05% p.a |
| $25,000 - $99,999 | 0.25% p.a. |
| $100,000 or more | 0.25% p.a |
Download our Schedule of Fees and Charges
Questions
Here are our most common questions about the Cash Management Account. Have a different question? Call us on 1300 13 23 28 to speak to a consultant.
How is the interest calculated?
Interest is calculated daily and paid quarterly.
How can I access my funds?
You can access your funds via Internet Banking, Mobile Banking or at an Australian Military Bank branch.
Is there a minimum deposit needed to get started?
Yes, a balance of $5,000 or more is needed to open your account.
Is there a minimum monthly balance required?
Yes, a minimum monthly balance of $5,000 is required.
How safe is my money with Australian Military Bank?
Just like the major banks, Australian Military Bank needs to comply with the Banking Act and is supervised by the Australian Prudential Regulation Authority.
Deposit balances at Australian Military Bank up to $250,000 per depositor are guaranteed by the Australian Government under the Financial Claims Scheme (FCS). Access to the FCS is subject to eligibility criteria.
Use the arrows to scroll through the many Australian Military Bank Savings Accounts options RESET
-
No minimum balance and a competitive interest rate0.05% p.a.$0DailyMonthlyNoN/A$500,000N/AN/ADirect Credit only
-
Bonus rate for balances over $5,000* when no withdrawals are madeUp to 0.90% p.a.$0DailyMonthlyNo.
Conditions apply*N/A$500,000N/AN/ADirect credit only -
Specifically designed for self-managed super funds0.80% p.a.$0DailyMonthlyNoN/AN/AN/AN/AYes
-
Restricted withdrawals throughout the year to help you save0.25% p.a.$0Minimum monthly balanceAnnually 31 OctoberWithdrawals available only between 1 November and 31 January each yearN/AN/AN/AN/ADirect credit only
-
Competitive interest paid on a tiered basis with unlimited withdrawalsUp to 0.25% p.a.$0DailyQuarterlyNo$5,000N/A$500$1,000Direct Credit only
-
Rewards program to encourage positive saving habits0.25% p.a.$0DailyQuarterlyYesN/AN/AN/AN/ADirect Credit only
*The bonus interest rate is applicable to the full account balance when you maintain a balance between $5,000 and $500,000 and don’t make any withdrawals during the month.
Rates are current as at 1 December 2020 and are subject to change at Australian Military Bank’s discretion.
The advice and information on this site doesn’t take into account your personal objectives, financial situation or needs, which you should consider before acting on any of our recommendations. To decide if this product is right for you, please carefully review our Terms and Conditions and Schedule of Fees and Charges.
*The bonus interest rate is applicable to the full account balance when you maintain a balance between $5,000 and $500,000 and don’t make any withdrawals during the month.
Rates are current as at 1 December 2020 and are subject to change at Australian Military Bank’s discretion.
The advice and information on this site doesn’t take into account your personal objectives, financial situation or needs, which you should consider before acting on any of our recommendations. To decide if this product is right for you, please carefully review our Terms and Conditions and Schedule of Fees and Charges.