BankSA Investment Cash Account

0.05% p.a.(for $0 and over)

No Current Offer

BankSA Investment Cash Account

0.05% p.a.(for $0 and over)

No Current Offer

Mozo Review   BankSA Investment Cash Account Review

Last updated: 24 October 2019.

What's hot:
  • Link to your investment portfolio and SMSF

  • Unlimited free phone and internet transactions

  • No monthly service fee

What's not:
  • 0.05% 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 0.05%.

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 easy as can be.

The major disadvantage associated with the account is its interest rate. The interest rate is just 0.05%.

To help make up for the interest rate, the account comes with no ongoing monthly fees that could 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. You’ll also have 5 free eftpos, network ATM or cheque transactions every month and 2 free over the counter withdrawals a month.

Who it's 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.

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 2 April 2020. 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: 0.05% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited free transactions from phone and internet. 5 free transactions from eftpos, network ATM, cheque, and including up to 2 counter withdrawals.

  • $0.00

  • St George, Westpac, BankSA, Bank of Melbourne

  • $0.00

  • $2.50

  • $2.50

  • $0.60

  • $0.00

  • $0.00

  • $1.00

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

How are BankSA savings accounts rated by the Mozo community?

Overall customer rating
7.7/10
Price
6.8/10
Features
6.3/10
Customer service
7.8/10
Convenience
8.1/10
Trust
7.8/10

Latest reviews of BankSA Investment Cash Account

  • Overall 6/10
    Good for students not so much for businesses

    BankSA has great customer service and has ATMs literally everywhere. Where they miss the point is the delay it takes to transact a payment.

    Read full review

    BankSA has great customer service and has ATMs literally everywhere. Where they miss the point is the delay it takes to transact a payment.

    Price
    5/10
    Features
    4/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    8/10
    Less
    Nemeem, South Australia reviewed over 1 year ago
  • Overall 8/10
    Problem free and extremely helpful

    It's South Australian based, I've been with them for 15 years and never had a problem with them

    Read full review

    It's South Australian based, I've been with them for 15 years and never had a problem with them

    Price
    8/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Jack, South Australia reviewed about 5 years ago
  • Overall 5/10
    Great savings account

    Good interest rate and return for term deposit. Competitive in the current market.

    Read full review

    Good interest rate and return for term deposit. Competitive in the current market.

    Price
    5/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    5/10
    Less
    Mozo community reviewer, South Australia reviewed over 6 years ago
BankSA

About BankSA

BankSA is the largest financial institution in South Australia, and boasts the largest network of branches and ATMs in the state. BankSA aims to help South Australians get the best from their money, and offers a wide range of bank accounts, home loans, personal loans, credit cards and other financial services.

See BankSA savings accounts

Promoted

AMP

AMP

Saver Account

2.65% p.a. (for $0 to $500,000)

1.05% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Macquarie

Macquarie

Savings Account

2.65% p.a. (for $0 to $250,000)

1.35% p.a.(for $0 to $25,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.00% p.a. (for $0 to $250,000)

0.30% p.a.(for $0 and over)

$0.00

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

2.00% p.a. (for $1 to $250,000)

0.20% p.a.(for $1 and over)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

1.90% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

Promoted

Defence Bank

Defence Bank

iSaver

1.70% p.a. (for $0 to $1,000,000)

0.05% p.a.(for $0 to $1,000,000)

$0.00

Promoted

HSBC

HSBC

Serious Saver

1.85% p.a. (for $0 to $1,000,000)

0% p.a.(for $0 and over)

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

1.85% p.a. (for $0 to $200,000)

0.79% p.a.(for $0 to $5,000,000)

$0.00

Promoted

AMP

AMP

Saver Account

2.65% p.a. (for $0 to $500,000)

1.05% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Macquarie

Macquarie

Savings Account

2.65% p.a. (for $0 to $250,000)

1.35% p.a.(for $0 to $25,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.00% p.a. (for $0 to $250,000)

0.30% p.a.(for $0 and over)

$0.00

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

2.00% p.a. (for $1 to $250,000)

0.20% p.a.(for $1 and over)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

1.90% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

Promoted

Defence Bank

Defence Bank

iSaver

1.70% p.a. (for $0 to $1,000,000)

0.05% p.a.(for $0 to $1,000,000)

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

1.85% p.a. (for $0 to $200,000)

0.79% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Bankwest

Bankwest

Hero Saver

1.50% p.a. (for $0 to $250,000)

0.01% p.a.(for $0 to $5,000,000)

$0.00

Promoted

HSBC

HSBC

Serious Saver

0% p.a.(for $0 and over)

1.85% p.a. (for $0 to $1,000,000)

Promoted

Bankwest

Bankwest

Hero Saver

0.01% p.a.(for $0 to $5,000,000)

1.50% p.a. (for $0 to $250,000)

Promoted

HSBC

HSBC

Flexi Saver

0.01% p.a.(for $0 to $5,000,000)

1.25% p.a. (for $0 to $5,000,000)

Promoted

Newcastle Permanent

Newcastle Permanent

Smart Saver

0% p.a.(for $0 and over)

2.05% p.a. (for $0 and over)

Promoted

ANZ

ANZ

Progress Saver

0.01% p.a.(for $0 and over)

1.25% p.a. (for $0 and over)

Promoted

Auswide Bank

Auswide Bank

Ziggy Kids Saver

0.01% p.a.(for $0 and over)

2.01% p.a. (for $0 and over)