Edvest Cash Management account
Transaction & Savings AccountsData Sharing Status
Exclusive to Edvest members, our higher interest rates make your money work harder for you.
- Base rate
- 1%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 1% | Edvest Cash Management account_Tier_1 | monthly |
| Variable | 1% | Edvest Cash Management account_Tier_2 | monthly |
| Variable | 1% | Edvest Cash Management account_Tier_3 | monthly |
| Variable | 1% | Edvest Cash Management account_Tier_4 | monthly |
| Variable | 1% | Edvest Cash Management account_Tier_5 | monthly |
| Variable | 1% | Edvest Cash Management account_Tier_6 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| EDVEST_MEMBERSHIP Charged yearly · An annual charge debited from the Everyday Direct account on each Edvest membership in January and on a pro-rata basis for new Edvest members. | Ongoing | $30.00 |
Features
- Digital banking
- PayID
- Real-time payments (NPP)
- Notifications — Track payments with SMS and email alerts.
- Higher interest rate for balances $2,000 and over.
- No minimum balance.
Eligibility
- This product is only available to members who are 50 years or older and part of our Edvest benefit scheme and currently hold an Everyday Direct or Bill Paying account with us.
- You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.
- Residency status — Individuals must be citizens or permanent residents of Australia.
More Information
Published by Teachers Mutual Bank under the Consumer Data Right · Last updated 13 July 2026 · Product ID a56e102d-bffe-45c5-a31e-f389cb47d985 · View on CDR.gov.au