Features
Competitive Rate
Speak to your BDM, Financial Adviser, Broker or Administrator to find out what great rate we can offer.
Manage Client Cash Flow
Transfer your clients’ funds seamlessly to any Australian account.
Convenience
Enjoy the convenience of one cash management account to manage all your clients' investment cash flow needs.
Preferred Brokerage Bundles
Discounted brokerage rate of $25 or 0.11%*~ when linking your clients’ trading accounts to their ACAs.
Strength
Benefit from the strength and experience of the Commonwealth Bank – Australia’s leading account provider for SMSFs.
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 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 Calculated | Interest Paid |
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Retail (Individuals, Joint Individuals, SMSF, Family Trusts6, Individual Informal Trusts)3
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1.65% p.a.4
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Daily
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Monthly
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Non-household3
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1.40% p.a.4
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Daily
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Monthly
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Financial Institution3
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1.15% p.a.4
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Daily
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Monthly
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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)
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
Resources
Online Demonstration
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Learn how the Commonwealth Bank Cash Management Service works and how it can help you and your clients work together to effectively manage investment cash flow.
Updated: 19/11/2012
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Cash Portal Quick Guide Brochure
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Quick guide for CBA Accelerator Cash Account and Term Deposit Portal
Updated: 03/06/2016
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Cash Flow Planner
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Work with your clients to help them map out their cash flows with our handy Cash Flow Planner tool.
Updated: 30/05/2017
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Interest Rate Sheet
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This PDF contains the latest interest rates for the Commonwealth Bank Accelerator Cash Account.
Updated: 11/12/2015
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Switching to us
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Once your client’s new Commonwealth Bank Accelerator Cash Account is open they may need to update their regular direct debits (e.g. insurance premiums) and direct credits (e.g. salary).
The quickest and easiest way to do this is for your client to contact the organisations directly to update their account details. This can usually be done over the phone or online. However, the Commonwealth Bank does offer a number of different options to assist your clients with the process:
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- DIY letter templates (PDF) – Allows your client to complete and print a letter to update various payment instructions:
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Instruction Sheet
Updated: 30/10/2015
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Change of Direct Debit
Updated: 19/11/2012
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Change of Direct Credit
Updated: 19/11/2012
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Change of Salary Crediting
Updated: 19/11/2012
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Dividend Payment Re-direction
Updated: 19/11/2012
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- A DIY online switching tool
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| Your client can head to the CommBank website where they will find templates and information to help them switch their Direct Debits and Credits to their new Accelerator Cash account. |
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- Our assisted switching service
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| Clients can visit our Switching Service page for information on how to use the assisted switching service. (Note: This service is for individual or joint accounts only and is not suitable for Trust, Company or SMSF accounts). |
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Guide to Investment Services
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Learn about our full range of products and services to help determine which one is right for you when investing on behalf of your clients.
Updated: 17/08/2016
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Guide to Transition Services
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Learn how our dedicated transition team can manage the whole transition process from start to finish.
Updated: 16/01/2017
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Statement of Advice Guidance Wording
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Use this wording as a guide when creating your own SOAs.
Updated: 26/06/2017
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Data Feed Matrix
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The Data Feed Matrix provides a list of all available data providers.
Updated: 21/07/2016
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Client Brochures
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Manage your cash, Manage your life
A simple guide to effective cash flow management.
Updated: 18/08/2015
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Client Brochure - Accelerator Cash Account
Help your clients understand the benefits of the CommBank Accelerator Cash Account and how it works with this easy to understand flyer.
Updated: 14/11/2014
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Client Information Sheet
Updated: 17/10/2015
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Your Guide to Cash Flow Management
Updated: 16/06/2014
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FAQs
What is a Cash Management Account (CMA)?
A Cash Management Account (CMA) is a bank account with features geared towards cash flow management. A CMA is designed to help you and your clients manage their financial position with ease. Acting as an investment hub, various cash flows including income from salary, dividends and superannuation are directed straight into the account. The available balance generates income through interest paid before being used to fund other investment opportunities as they arise. CMAs can also be used as settlement accounts for share trades.
Can I obtain an account number prior to my clients completing the ACA Application Form?
Yes, please contact us and one of our Service Team members will generate an account number for you.
Can I operate my clients' Accelerator Cash Accounts (ACAs) on their behalf?
Yes, your clients can give you the authority to operate their ACAs to:
- Transfer funds
- Request statement reprints
- Retrieve account balances and transaction history via your third party planning software
How can I obtain authority to operate on my clients' ACAs?
For new accounts, simply complete the 'Adviser Authority to Operate' section of the Application Form with your client.
For existing accounts, you and your client need to complete the Adviser Authority to Operate Form.
What kind of funds transfers can be made to and from the ACA?
Account holders and those with authority to operate the account can transfer money to any other bank account held at CommBank or another financial institution.
ACAs can receive funds transfers from any other bank account.
How do I transfer funds on behalf of my clients?
In order to transfer funds on behalf of your clients, you must have authority to operate their ACA - see the How can I obtain authority to operate my clients' ACAs? FAQ above.
You can transfer up to $30,000 using our online transfer tool. Once logged in, navigate to Administration > Payments & Transfers > Funds Transfers. Select the account you want to transfer funds from and the transfer type then follow the prompts to complete the transaction. Note: you will need to ensure both your client’s email address and your mobile phone number are registered with us.
For transfers above $30,000 you will need to complete a Transfer Request Form. The form will need to be signed by all relevant account signatories.
How can my clients transfer funds from their ACA?
Clients with access to NetBank can transfer the funds through NetBank or via the CommBank app. Clients without access to NetBank will need to complete and return a Transfer Request Form. The form will need to be signed by all relevant account signatories.
How can I register my clients for NetBank access?
Simply email your clients' ACA details to us at advisercashteam@cba.com.au and we will send them an email with their NetBank Client Number and an SMS containing their temporary password (valid for 28 days).
Do my clients need to provide their Australian Business Number (ABN) and/or Tax File Number (TFN)?
Providing your clients' ABNs and/or TFNs is not compulsory however if you don't, tax may be withheld from their interest at the highest marginal tax rate plus Medicare levy.
The information in this website has been prepared without taking account of your objectives, financial situation or needs. Because of this, you should consider its appropriateness, having regard to your objectives, financial situation and needs and, if necessary, seek appropriate professional advice. If a Product Disclosure Statement is available in relation to a particular financial product, you should obtain and consider that Product Disclosure Statement before making any decisions about whether to acquire the financial product. Any securities or prices used in the examples on this website are for illustrative purposes only and should not be considered as a recommendation to buy, sell or hold. Past performance is not indicative of future performance.
Issued by Commonwealth Bank of Australia ABN 48 123 123 124 Australian Financial Services Licence Number 234945. Ground Floor, Tower 1, 201 Sussex Street, Sydney, NSW, 2000. Accelerator Cash Account and Term Deposit are products of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 ('Bank') and are administrated by Australian Investment Exchange Ltd ABN 71 076 515 930 AFSL No. 241400 ('AUSIEX') under the CommSec Adviser Services brand. AUSIEX is a wholly owned but not guaranteed subsidiary of the Bank.