Which Australian bank offers the best cash management accounts01.07.2020

Bankchart.com.au has surveyed the terms of cash management accounts for termless in the national currency. The survey covered all the deposits with any form of interests repayment, regardless of the replenishment option or the deposit partial withdrawal option. Our website's analysts have studied the loan offers from all Australian banks. Review date - 01.07.2020

As of 23 June 2020 the deposits under review have been offered by 8 banks.  The average interest rate under such deposits equals 0,13 % p.a. The total number of the deposits programs available for the specified terms is 25.

The maximal return among the deposits under review is offered by Defence Bank. The interest rate under "Cash Management" deposit program constitutes 0,55 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of profitability) for the aforementioned terms.

The TOP-8 cash management accounts for termless, as of 23 June 2020

#

Name

Interest Rate, %

1

0,55

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

2

0,40

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 5 000,00

3

0,30

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

4

0,25

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

5

0,25

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

6

0,20

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 5 000,00

7

0,10

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

8

0,05

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

To view the up-to-date rating of the deposits at our website here.

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