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 account-keeping fees, or phone and internet transaction fees to worry about. With that said, the account only has a starting interest rate of 0.25%.
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 0.25%.
To help make up for the interest rate, the account comes with no ongoing monthly account-keeping 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.
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.
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.
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Balances from $0: 0.25% p.a. |
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n/a |
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n/a |
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$0.00 |
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n/a |
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Unlimited transactions from phone and internet. Free over the counter withdrawals |
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$0.00 |
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St George, Westpac, BankSA, Bank of Melbourne |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$10,000.00 |
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$1.00 |
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Monthly |
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yes |
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none |
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yes |
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no |
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no |
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yes |
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yes |
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yes |
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yes |
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yes |
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no |
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none |
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none |
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none |
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 reviewBankSA has great customer service and has ATMs literally everywhere. Where they miss the point is the delay it takes to transact a payment.
It's South Australian based, I've been with them for 15 years and never had a problem with them
Read full reviewIt's South Australian based, I've been with them for 15 years and never had a problem with them
Good interest rate and return for term deposit. Competitive in the current market.
Read full reviewGood interest rate and return for term deposit. Competitive in the current market.
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