cash management - high yield

Our Cash Management - High Yield Account offers a higher rate of interest than the Cash Management - Transaction Account, however deposits are fixed for 7 days and then available at-call. A minimum transaction limit of $500 applies.

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features & comparisons

Available

responsible savings

bankmecu is committed to investing its customers funds for economic performance in both socially and environmentally responsible ways. bankmecuis a signatory to the UN Environment Program Statement by Financial Institutions on the Environment, UN Global Compact and UN Principles for Responsible Investment. Furthermore our approach to sustainable development and enhancing customers value is guided by a covenant with the Victorian State Government.

Learn more about bankmecu's commitments here.
Available

special account requirements

A minimum opening balance of $5,000 is required to open a Cash Management - High Yield Account.
Available

internet and telephone banking access

You can view your account balances and transactions online, transfer money to other bankmecu accounts or accounts at other financial institutions. Future transfers can be scheduled to occur at a date that is convenient for you. Plus set-up, modify and delete recurring transfers and download transactions to your PC.

Similarly with telephone banking you can listen to your account balances and transactions, transfer money and also speak to a bankmecu consultant if you require further assistance.

A minimum transaction amount of $500 applies.
Available

no monthly account keeping fees

Your savings are not diminished by any monthly or account-keeping fees.

rates (effective 14/05/12)

Click to view bankmecu 's cash management - high yield rates, fees and charges.

balance	annual percentage rate
$5,000 to $19,999	2.05%
$20,000 to $49,999	3.05%
$50,000 to $149,999	3.90%
$150,000 and over	4.30%

Funds fixed for 7 days then at call. $5,000 minimum balance, $500 minimum transaction. Interest calculated daily on whole of balance and credited quarterly.

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want to know more?

call bankmecu on 132 888 or email us at mail@bankmecu.com.au

financial claims scheme

an account holder may be entitled to payment under the Financial Claims Scheme; and
access to the scheme is subject to a limit for each depositor; and
information about the scheme can be obtained from the APRA website and the APRA hotline on 1300 13 10 60.
Please refer to bankmecu’s Financial Claims Scheme page

general advice warning

In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with bankmecu.

bankmecu is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.

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