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What is Cash Management Account?

Discussion in 'Finance & Banking' started by hiflo, 24th Nov, 2006.

  1. hiflo

    hiflo Well-Known Member

    3rd Jun, 2006
    Sydney, NSW
    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?

    Last edited by a moderator: 24th Nov, 2006