Macquarie Cash Management Account

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After a savings account to help you manage your investments, monitor cash flow and earn interest on the balance? Well, look no further than the Macquarie cash management account! It comes with a 0.05% p.a. variable interest rate on all balances, has no ongoing fees, plus, unlimited transactions via the phone, internet and BPAY.

Key features

The Macquarie Cash Management Account is ideally suited to people with an SMSF or those that do online trading and investing. It enables you to streamline your finances through the one account. There is a 0.05% p.a. variable interest rate on all balances, but keep in mind that $5000 is also the minimum balance requirement as well for this account.  

The Macquarie Cash Management Account offers loads of flexible features, like unlimited transactions made via the phone, internet and BPAY, plus, it comes with no account fees.

Another fab feature that the Macquarie Cash Management Account has to offer is SMSF connectivity to help simplify the account application process, your SMSF accounting and doing your tax return, making it a potentially good account option for investors.

Additionally, the account helps you track your spending thanks to its smart banking tool which categories and identifies trends in your spending.

Who is it good for

The Macquarie Cash Management Account could be a great savings account option for Aussies who meet the account eligibility criteria, particularly those with an investment or have a Self Managed Super Fund.

Any catches

The Macquarie Cash Management Account requires a minimum opening deposit and ongoing balance amount of $5,000.