What is the CMC Markets Cash Account?
A CMC Markets Cash Account is a money market account held with the Bank of Western Australia (BankWest), and managed on your behalf by CMC Markets Stockbroking.
The CMC Markets Cash Account is the easiest way to settle your purchases and receive funds from your sales. We can also arrange for all your dividends to be paid directly into the account.
The account pays a competitive interest rate with no fees or charges. This makes the CMC Markets Cash Account an ideal place to park your spare money in between other investments.
Fees, charges and minimum balance
Our Cash Account has no account keeping or other fees and no minimum opening or ongoing balance. Every cent you deposit is working for you and available for you to invest.
What is the current interest rate paid by the CMC Markets Cash Account?
Interest is paid on a scale according to the balance in the account. Interest is calculated daily and paid monthly. Here are our current rates:
| Balance |
Interest rate |
|
|
As at 05/11/2008 |
|
| $0 to $9,999 |
0.05% |
|
| $10,000 to $19,999 |
0.10% |
|
| $20,000 to $49,999 |
3.25% |
|
| $50,000 to $199,999 |
4.70% |
|
| $200,000 to $499,999 |
5.15% |
|
| $500,000 and above |
5.25% |
|
How do I deposit or withdraw funds?
Deposits can be made by cheque, direct deposit or BPAY. Withdrawals can be made by contacting us and requesting funds be transferred to a linked bank account or by cheque.
Want to learn more about the CMC Markets Cash Account?
To learn more about the CMC Markets Cash Account, you should read the Product Disclosure Statement
