Commonwealth Bank Cash Investment Account
The Commonwealth Bank Cash Investment Account is ideal for people who have sold property or cashed-in a share portfolio. The Commonwealth Bank Cash Investment Account enables you to earn daily interest on balances of a specified amount, with full access to your money when you want to re-invest. Your cash can increase up to several percentages p.a. on balances of a specified amount or more. Interest is calculated daily and credited monthly which enables you to immediately notice your returns.
The Commonwealth Bank Cash Investment Account allows you to have easy access to your funds. You can access your funds through ATMs, NetBank, EFTPOS, telephone banking, or through any branch of Commonwealth Bank. You can also apply for an optional cheque-book to complement your Commonwealth Bank Cash Investment Account.
To open a Commonwealth Bank Cash Investment Account, you need to have an opening balance of at least the lowest possible amount required. You also need to have your Tax File Number (TFN) or TFN Exemption. You may also need to supply the following information:
- present Commonwealth Bank deposit account number
- present Commonwealth Bank debit/credit account number
- NetBank Client Number
- Pension type/Pension Number (for Pensioner Security Accounts)
Commonwealth Bank Cash Investment Account applicants must be Australian residents. The account should be in personal names; Company or trading Accounts are not allowed. Applications for trust fund accounts cannot be processed online. Trust fund accounts should be opened at Commonwealth Bank branches.
