Accelerator Cash Account Interest Rate Change

Effective Monday, 30 March March 2020, the interest rate for the Commonwealth Bank Accelerator Cash Account (ACA) will be reduced as follows:

Entity type* Interest Rate^ (p.a.) Change
Retail 0.30% -0.25%
Non-household 0.00% -0.15%
Financial Institution 0.00% 0.00%

Your clients have been notified of the new rate via a notice in The Australian newspaper on Monday, 30 March. They will also see the new interest rate reflected in the 'Account Information' tab of their Accelerator Cash Account in NetBank and on their next account statement.

If you have any questions or need support, please contact your Business Development Manager or our Adviser Cash Team on 1800 252 351 (option 2) between 8.30am and 6.00pm (Sydney time), Monday to Friday.

^Rates quoted exclude any referral fee or commission being paid as a reduction in the interest rate and may vary anytime without notice. Interest is calculated daily and paid monthly.

* Please refer to the Accelerator Cash Account (ACA) terms and conditions for the definition of ‘Retail’, ‘Non-household’ and ‘Financial Institution’ entity types applicable for the ACA. If you are unsure about the rate please speak to your BDM, or call us on 1800 252 351 (option 2).

Published: 30 March 2020