Investment Cash Accounts
The Investment Cash Account is a bank account that offers a variable interest rate, with easy access to funds. It can be used to make deposit and withdrawals through a variety of channels for individuals and Self-Managed Superannuation Funds (SMSF).
- Base rate
- 0.45%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Interest is calculated daily using a tiered interest rate, meaning the particular interest rate that applies to you will depend on the daily closing balance of your Cash Investment Account. | 0.45% | $0–$4,999 | monthly |
| Variable Interest is calculated daily using a tiered interest rate, meaning the particular interest rate that applies to you will depend on the daily closing balance of your Cash Investment Account. | 0.45% | $5,000–$9,999 | monthly |
| Variable Interest is calculated daily using a tiered interest rate, meaning the particular interest rate that applies to you will depend on the daily closing balance of your Cash Investment Account. | 0.45% | $10,000–$19,999 | monthly |
| Variable Interest is calculated daily using a tiered interest rate, meaning the particular interest rate that applies to you will depend on the daily closing balance of your Cash Investment Account. | 0.45% | $20,000–$49,999 | monthly |
| Variable Interest is calculated daily using a tiered interest rate, meaning the particular interest rate that applies to you will depend on the daily closing balance of your Cash Investment Account. |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee Charged monthly | Ongoing | $0.00 |
| Telephone Banking | Transaction | $0.00 |
| Online Banking | Event | $0.00 |
| EFTPOS | Transaction | $0.00 |
| Staff assisted | Event | $0.00 |
| Bank@Post | Withdrawal | $0.00 |
| Cheque | Event | $0.00 |
| Direct Debit | Event | $0.00 |
| Overseas Withdrawal | Withdrawal | $5.00 |
Features
- Digital banking
- Access to funds at any time through a variety of channels (e.g. Internet and Phone Banking, branch, and debit card)
- Variable interest rates may apply and credit interest paid monthly
- No minimum opening balance required
- Digital banking
- Make non-cash payments via services such as BPAY, Pay Anyone, OSKO and Overseas Telegraphic Transfer (OTT) and Direct Debit
- Automate deposits such as your salary and investment income with direct credits.
- May earn a variable interest rate from the first dollar, calculated daily, paid monthly
- Digital banking
- Easy at call access - In branch, ATMs, 24/7 Internet and Phone Banking1, eftpos, BPAY and Bank@Post
Eligibility
- Minimum age — 18 yearsFor personal use: Be 18 years of age or over (signatory on the account);
- Residency status — For personal use: Have an Australian residential address.
- For an SMSF: Be a registered Self-Managed Superannuation Fund (SMSF);
- For an SMSF: Signatory on the account is aged 18 years of over;
- For an SMSF: Be operating using an Australian address.
More Information
Published by Bank of Melbourne under the Consumer Data Right · Last updated 15 May 2026 · Product ID BOMInvestmentCashAccounts · View on CDR.gov.au