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.
- generous interest rate
- deposits fixed for 7 days then at-call
- minimum $500 transaction limit
- minimum opening balance $5,000
- no monthly or account keeping fees
special account requirements
A minimum opening balance of $5,000 is required to open a Cash Management - High Yield Account.
internet and telephone banking access
You can view your account balances and transactions online, transfer money to other mecu 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 an mecu consultant if you require further assistance.
A minimum transaction amount of $500 applies.
no monthly account keeping fees
Your savings are not diminished by any monthly or account-keeping fees.
rates (as at 04/12/2008)
Click to view mecu 's cash management - high yield rates, fees and charges.
| $5,000 to $19,999 |
2.35% |
| $20,000 to $49,999 |
3.35% |
| $50,000 to $149,999 |
4.00% |
| $150,000 and over |
4.10% |
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.
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 mecu.
mecu is committed to delivering memorable and superior service to all members. We welcome your feedback, compliments and/or complaints about our performance.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
® Terms, conditions, fees and charges may be applicable. Bank@Post and its device mark are registered trademarks of the Australian Postal Corporation. All rights reserved.
