Cash Account Rates in Australia

Within Australia, when investing their a various cash products available when allocating some of your portfolio to cash. Typically a cash management account or sometimes abbreviated as a CMA is a type of investment account offered by financial companies including some banks.

A cash management account may have a slightly higher return then term deposits due to correspondingly higher risk as it may invest in but not limited to various short-term money market type securities including bank backed securities, promissory notes issued by "blue chip" corporations as well as semi-government and government guaranteed products. Cash trusts, cash notes, cash investment accounts or cash funds are also other investment products that can also provide a higher rate of return but also with a corresponding larger risk.

Some companies offer cash management accounts in conjunction with their share/stock trading products allowing them to earn money market interest on cash balances when it is not tied up in trading. Please note these products may not be eligible for the 'Australian Government Guarantee Scheme'.

Best Australia Cash Account Interest Rates