What is Cash Management Account?

Discussion in 'Money Management & Banking' started by Meisterin, 24th Nov, 2006.

Join Australia's most dynamic and respected property investment community
  1. Meisterin

    Meisterin Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    109
    Location:
    Sydney
    Hi guys,

    Just a little question.

    I regularly look at high interest account and always come accross cash management trust accounts.

    I am just wondering if there is anybody out there who can explain what the different is between CMTs and internet accounts like Bank West or ING. They seem to offer slightly less interest, but what is their convenience, if there is any?

    Cheers
     
    Last edited by a moderator: 24th Nov, 2006
    Meisterin, 24th Nov, 2006
    #1
Maximum Deductions - Washington Brown Depreciation