Accelerator Cash Account Rate change

Effective Friday, 28 September 2018, the interest rate for the Commonwealth Bank Accelerator Cash Account (ACA) will be reduced as follows:

Entity type* Interest Rate^ (p.a.) Change
Retail 1.65% Nil
Non-household 1.25% -0.15%
Financial Institution 1.00% -0.15%

While this rate structure may be different to other products in the market, each rate remains highly competitive compared with comparable offerings for each account type.

Your clients will be notified of the new rate via a notice in The Australian newspaper on Friday 21 September 2018. 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 (AEST), 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: Friday, 21 September 2018