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Business Cash Management Account Interest Rates

The Business Cash Management Account is a high interest at call account with full transactional access options, designed for businesses. The Business Cash Management Account offers:

  • Highly competitive interest rates
  • No account keeping fees
  • Full transactional access
  • Internet banking
Account Balance Range Annual Interest Rate
(as at 08 Sep 2008)
 Method of Calculating Interest How Interest is Calculated When Interest is Calculated
Up to $9,999.990.01% paTiered InterestWe apply the daily percentage rate* to the balance of your account at the end of each day. Interest is credited to your account monthly after the close of business at the end of the month.
$10,000.00 - $19,999.995.50% pa
$20,000.00 - $49,999.996.00% pa
$50,000.00 - $99,999.996.00% pa
$100,000.00 - $499,999.996.55% pa
$500,000.00 - $999,999.996.75% pa
$1,000,000.00 plus6.75% pa
Penalty Interest on Overdrawn Account 20% pa on amount overdrawn
Method of calculating Interest:
Tiered Interest - Means a single interest rate applies to the entire balance of your account. When your balance reaches a higher tier you will receive the interest rate for that tier on the entire balance of your account.
* The daily percentage rate is the relevant annual interest rate(s) divided by 365.
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