The cash account that ties it all together

Cash Management Account

Strength, simplicity and service

Incorporating the Commonwealth Bank's Accelerator Cash Account (ACA) and Term Deposit, our Cash Management Service acts as a single investment cash flow hub for investors and their advisers.

Convenience and features combined with the ability for advisers to view client balances and transactions1 and transact on their behalf2 making this account the natural choice for investors and their advisers.

How-to Videos

'How-to Videos'

View our step by step demonstrations.

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1800 252 351 (Option 2)

Between 8.30am and 6.00pm, Monday to Friday.

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Apply Now

For Adviser

Features

Competitive Rate

Competitive Rate

Speak to your BDM, Financial Adviser, Broker or Administrator to find out what great rate we can offer.
Simplicity

Manage Client Cash Flow

Transfer your clients’ funds seamlessly to any Australian account.
Convenience

Convenience

Enjoy the convenience of one cash management account to manage all your clients' investment cash flow needs.
Preferred Brokerage Bundles

Preferred Brokerage Bundles

Discounted brokerage rate of $25 or 0.11%*~ when linking your clients’ trading accounts to their ACAs.
Strength

Strength

Benefit from the strength and experience of the Commonwealth Bank – Australia’s leading account provider for SMSFs.
Service

Service

Expert support from the dedicated CommSec Adviser Services team, access to client account information, data feeds , Transition Services and cash flow management tools.
  • Adviser logic
  • BGL
  • COIN
  • Class Super
  • Midwinter
  • Platform Plus
  • Xplan
  • Agility
  • AMM
  • Banklink
  • GBST
  • Open Markets
  • Praemium
No transaction fees

No Account Keeping Fees

No account keeping fees means more cash to fund your clients' investments.

Interest Rates

Commonwealth Bank Accelerator Cash Account

For more information regarding the current interest rates on the Accelerator Cash Account please speak to your BDM, Financial Adviser, Broker or Administrator.

Commonwealth Bank Accelerator Cash Account

Effective from 19 August 2016

 
Current Interest Rate Interest CalculatedInterest Paid

Retail (Individuals, Joint Individuals, SMSF, Family Trusts6, Individual Informal Trusts)3

1.65% p.a.4

Daily

Monthly

Non-household3

1.40% p.a.4

Daily

Monthly

Financial Institution3

1.15% p.a.4

Daily

Monthly

Commonwealth Bank Term Deposit

For current Term Deposit interest rates, see the Rates & Fees page on the Commonwealth Bank website.

Term Deposit Interest Rates


Fees

We believe having a Cash Management Account with us should help you make money, not cost money. That’s why the Accelerator Cash Account has no account opening fees and no account keeping fees.

Your clients will also benefit from unlimited electronic and assisted transactions. After all, no regular fees means more money to invest.

Of course there are certain things like overseas transactions and bank cheques that we do charge a small fee for but the good news is, you only pay for these services when you need them.

To learn more, view a copy of the Fees & Charges below.

Download Fees & Charges (PDF)

About the Commonwealth Bank Accelerator Cash Account

Who is it designed for?

  • Advisers & Planners wanting a robust Cash Management Account for their clients with account transaction and balance visibility through their planning software1 and the additional ability, where appropriate, to operate the account on their client’s behalf
  • Accountants and Self Managed Super Fund (SMSF) administrators looking for a cash management solution with class-leading features for their clients that integrates into their administration software1 to provide them with balance and transaction visibility and reporting
  • Full-Service brokers looking for a cash management settlement account for their clients with the security of a big bank that integrates into their back office1

What features do you receive?

  • Balance and transaction visibility through planning software1
  • Adviser transaction capability2:
    • Transfer client funds between linked client Commonwealth Bank accounts and to any Australian third party account
    • Collect fees from multiple clients simultaneously and transfer to your Dealer Group with the Batch Fee Collection functionality
    • Request statement reprints
  • Flexible adviser remuneration structure with commission and no commission options available at the client account level
  • Discounted brokerage rate of $25 or 0.11%*~ when linking your clients’ trading accounts to their ACAs.

How do we support you?

  • The Adviser Services Team is available from 8.30am to 6.00pm Monday to Friday for information and support.
  • Dedicated Relationship Manager and/or Business Development Manager

About the Commonwealth Bank Term Deposit

Who is it designed for?

  • Advisers, Planners, Accountants, SMSF administrators and Brokers:
    • Wanting to pair a Term Deposit with the Accelerator Cash Account to create a robust Cash Management hub for their clients
    • Looking to invest client funds for a selected term at a competitive, guaranteed interest rate

What features do you receive?

  • Balance and transaction visibility through planning software1
  • Adviser transaction capability2:
    • Transfer client funds between linked client Commonwealth Bank accounts
    • Transfer client funds to any third party account
    • Place money on term deposit for any term and withdraw prior to maturity3
    • Transfer client funds between linked client Commonwealth Bank accounts
    • Transfer client funds to any third party account
    • Place money on term deposit for any term and withdraw prior to maturity5

How do we support you?

  • Adviser Service Team available 8.30am to 6.00pm Monday to Friday for information and support
  • Dedicated Relationship Manager and/or Business Development Manager

For Clients

Commonwealth Bank Accelerator Cash Account

What features do you receive?

  • Simplicity of one account to manage cash flow movements in one place
  • Enjoy added convenience by using this as the settlement account for CommSec Adviser Trading·
  • Competitive at-call interest rates calculated daily, paid monthly
  • No monthly account keeping fees
  • 24/7 account access through Australia’s largest banking network including NetBank, ATMs, EFTPOS, telephone banking or any Commonwealth Bank branch
  • No minimum ongoing balance requirement and no minimum transaction amount
  • Flexible deposit and withdrawal options utilising direct debits or BPAY®
  • Full transaction history and quarterly statements online
  • Annual interest earned available on NetBank account summary pages
  • Security of funds protected under the terms of the government guarantee scheme

How do we support you?

  • Exceptional service and experience gained from helping Australians manage their cash flow needs for over 100 years
  • 24/7 client account access via NetBank
  • Convenient support through Commonwealth Bank branches and telephone banking

Commonwealth Bank Term Deposit

What features do we offer?

  • Enjoy the security of a fixed rate of return for the nominated term
  • Competitive, guaranteed interest rate
  • Selection of terms available from 1 month to 60 months
  • Flexible interest payment options
  • 24/7 access to account balance and transaction history through NetBank
  • Manage maturity instructions through NetBank (for registered clients)
  • No monthly account keeping fees
  • Security of funds protected under the terms of the government guarantee scheme

How do we support you?

  • Exceptional service and experience gained from helping Australians manage their cash flow needs for over 100 years
  • 24/7 client account access via NetBank
  • Convenient support through Commonwealth Bank branches and telephone banking
How-to Videos

Online Demonstation

Learn how the Cash Management Service works.

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Forms

Download application and administration forms.

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Resources

Find more information in our Resources section.

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FAQs

Have a question? Visit our Frequently Asked Questions.
1 Not all software packages supported. Check with your Business Development Manager to see if your package is supported.
2 With signed Authority to Operate.
3Please refer to the ACA Terms and Conditions for the definition of a ‘Retail’, ‘Financial Institution’ and ‘Non-household’ entity type applicable for the Accelerator Cash Account. If you are unsure about the rate for your new account please speak to your BDM, Financial Adviser, Broker or Administrator.
4 This assumes no referral fee or commission is being paid. Rates may vary at any time with notice.
3For any withdrawals prior to maturity, 31 days’ notice will be required and a prepayment interest adjustment and an administration fee will apply.
5For any withdrawals prior to maturity, 31 days’ notice will be required and a prepayment interest adjustment and an administration fee will apply.
6Family trusts not in the business of operating and/or providing financial services to a third party.

* Discounted brokerage applies to clients who establish a new 'bundle' from 1 December 2014. A new 'bundle' can be established by linking a new or existing CommSec Adviser Services trading account with one or more new or existing Accelerator Cash Account or Investment Loan accounts. Please also ensure your existing Financial Services Guide reflects our pricing as applicable.
~ Whichever is greater.

BPAY is registered to BPAY Pty Ltd ABN 69 079 137 518