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BankSA Investment Cash Account

Advertiser disclosure
Interest rate
0.01% p.a.(for $0 and over)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review BankSA Investment Cash Account - last updated: 21 May 2021

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What's hot
  • Link to your investment portfolio and SMSF
  • Unlimited free phone and internet transactions
  • No monthly service fee
What's not
  • 0.01% interest rate
Mozo snapshot

The BankSA Investment Cash Account lets you connect your investment portfolio and self-managed super fund with a BankSA account, allowing for an easy financial setup. There is also no ongoing fees, or phone and internet transaction fees to worry about. With that said, the account only has a starting interest rate of 0.01%.

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Key features

The BankSA Investment Cash Account is a little different from your regular savings account. This is because the account can be linked to a self-managed super fund or an investment portfolio, making access between the two as easy as can be.

The major disadvantage associated with the account is its interest rate. The interest rate is just 0.01%.

To help make up for the interest rate, the account comes with no ongoing monthly fees that could otherwise slowly erode your savings.

If you’re using your phone or the internet to make transactions, then you will be able to make an unlimited amount for free. On top of this you'll also be able to make unlimited eftpos transactions, network ATM or cheque transactions and free over the counter cash withdrawals.


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Who is it good for

A customer who is looking for a way to bridge their everyday funds and their investments, but isn’t too worried about a bumper interest rate.

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Any catches

If you are looking for a savings account with a good interest rate, this is probably not the account for you. If you are looking for a regular savings account to earn interest on your stash, the BankSA Incentive Saver might be more your cup of tea.

Details

Rates and fees information correct as at 24 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.01% p.a.

n/a

n/a

Fees

$0.00

n/a

Unlimited transactions from phone and internet. Free over the counter withdrawals

$0.00

St George, Westpac, BankSA, Bank of Melbourne

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Other financial bits

$10,000.00

$1.00

Monthly

Features

yes

none

yes

no

no

yes

yes

yes

yes

yes

no

none

none

none

Customer Reviews

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