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Investment Cash Account

A variable interest investment account with easy access to your cash

  • May earn a variable interest rate on cash investments with no Account-keeping fee (formerly known as ‘Monthly Account Service fee’)
  • Deposit, receive and access funds, and make payments through a variety of channels including in branch, online, telephone banking and debit card
  • Make non-cash payments via services such as BPAY, Pay Anyone, OSKO and Overseas Telegraphic Transfer (OTT) and Direct Debit
  • Link an optional cheque book to your account
  • Automate deposits such as your salary and investment income with direct credits
  • Perfect for Self Managed Super Funds (SMSFs) as a cash hub account, to keep SMSF cash separate from personal cash.

Variable interest investment cash account

  • May earn a variable interest rate from the first dollar, calculated daily, paid monthly

Save on fees

  • No Account-keeping fee (formerly known as ‘Monthly Account Service fee’)
  • Free withdrawals
  • Free unlimited everyday Internet Banking2

Easy at call access

In branch, ATMs, chequebook, 24/7 Internet and Phone Banking1, eftpos, BPAY® and Bank@Post™

Cash hub for SMSF investors

Can be your cash hub account for your Self Managed Super Fund and investments


Balances up to $4,999.99

0.75 % p.a.

From $5,000 to $9,999.99

0.75% p.a.

From $10,000 to $19,999.99

0.75% p.a.

From $20,000.00 to 49,999.99

0.75% p.a.

From $50,000.00 to $99,999.99

0.75 % p.a.

From $100,000.00 to $249,999.99

0.75% p.a.

From $250,000.00 to $499,999.99

0.75% p.a.

From $500,000 and over

0.75% p.a.


Account-keeping fee (formerly known as ‘Monthly Account Service fee’)


Everyday Banking Transaction fees (after your free withdrawals have been exceeded)

Internet Banking transactions


Phone Banking transactions


Bank of Melbourne / Westpac / St.George / BankSA ATMs




Electronic agency


Free Collection items each month




Staff assisted




Transaction fees apply (Free monthly withdrawal allowances do not apply to these fees)

Direct Debit


Periodical Payment


Overseas Withdrawal (formerly known as ‘Overseas Cash Withdrawal’)(including overseas ATM withdrawal)


Bank of Melbourne / St.George / BankSA ATM Mini transaction history request


Frequent Statement


Foreign Currency Conversion


Collection item


May earn a tiered rate with easy access to your money

Perfect for investors and savers

  • May earn a variable tiered interest rate - the higher your balance, the higher the rate
  • Park excess cash (e.g. your home sale proceeds or share sales proceeds) and may earn a rate with at call access to your funds. Take the time to plan your next investment strategy without losing out on interest!
  • To maximise your investment returns, automate deposits like your salary and investment income
  • Get all the little extras, like eStatements, optional SMS and Email Alerts3, and a mini transaction history at ATMs.

Perfect as a cash hub for your Self Managed Super Fund (SMSF) and Investment Portfolio

  • If you have a SMSF, as the trustee you (and any other members of the SMSF) must ensure that cash in the SMSF is held in a separate account from personal cash.
  • Investment Cash Account can be your “cash hub” for your SMSF or investment portfolio, with all contributions and investment income paid into it and all benefit payments and expenses paid from it
  • With Investment Cash Account, you may earn interest with easy access via chequebook, branch and online 24/71.
  • Plus get regular statements for easy reporting, or view transactions online anytime with Internet Banking1

Keeping track of your Investment Cash account is easy!

Internet Banking

View transactions online anytime with Internet Banking1.

Paper Statements

Posted to you every 6 months4

Mini transaction history

Available at any Bank of Melbourne ATM .


View, print and save up to 2 years of statements online when you choose eStatements.

Yearly interest summary

View and print your Financial Year interest summary with Internet Banking.

SMS / Email Alerts3

Keep track of when deposits and withdrawals are made on your account with SMS / email alerts.

Apply online

Open now. It takes just 10 minutes!

Call us

13 22 66 and say “New account” when prompted

Visit a Branch

Find your nearest branch

What you'll need

Contact details (address, phone number, email address)

Find out what information you need to provide to become a customer


  • New to Bank of Melbourne? To open a bank account in Australia, you’ll need to confirm your identification.
  • An Investment Cash Account can be used as a cash hub for your Self Managed Super Fund.

Eligibility requirements

For individuals:

  • 18+ years old (applicant plus all signatories)
  • Australian resident
  • Must be used predominantly for personal purposes.

For self-managed superannuation funds:

  • 18+ years old (applicant plus all signatories)
  • Australian resident
  • Operating with an Australian address
  • Must have a registered self-managed superannuation fund (SMSF).

The Detail

Conditions and fees apply.

Before making a decision, it’s best to read the terms and conditions.

Please read these documents and keep a copy. You can request a paper copy at a branch .

The advice on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it’s right for you. If you need help, call 13 22 66.

BPAY® Registered to BPAY Pty Ltd ABN 69 079 137 518

1. Subject to systems availability.

2. Internet Banking is free but will be counted towards your monthly fee-free transaction allowance. Daily transaction limits apply.

3. Fees apply for SMS Alerts per month. Email Alerts are free.

4. You have the option to receive statements more frequently.