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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responsible savings
bankmecu is committed to investing its customers funds for economic performance in both socially and environmentally responsible ways. bankmecu is 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.
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special account requirements
A minimum opening balance of $5,000 is required to open a Cash Management - High Yield Account.
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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.
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no monthly account keeping fees
Your savings are not diminished by any monthly or account-keeping fees.
rates (effective 10/05/13)
Click to view bankmecu 's cash management - high yield rates, fees and charges.
| balance | annual percentage rate |
|---|
| $1 to $4,999 |
0.00% |
| $5,000 to $19,999 |
1.55% |
| $20,000 to $49,999 |
2.00% |
| $50,000 to $149,999 |
2.60% |
| $150,000 and over |
3.10% |
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.