What is a cash management account?

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Also known as CMAs, cash management accounts are simply an alternative to a traditional bank account. They are generally designed for people wanting to keep cash holdings secure and easily accessible while still earning a decent interest rate. Cash management accounts offer more competitive interest rates than traditional savings accounts. If you have a self-managed super fund, a cash management account can be a great way to separate your earnings from your investments.

How do cash management accounts work?

A cash management account operates like other savings accounts in that it allows customers to electronically deposit and withdraw money as required via direct debit, BPAY, or, depending on the institution, an ATM or EFTPOS facility. A CMA also allows you to earn interest, which is usually offered as a set standard rate or as a tiered rate that increases if your balance increases. Most of the time, interest is earned daily but paid monthly.

At Remara, we offer a high-standard interest rate on all our cash management accounts and the option of a fixed or variable interest rate for our fixed-term accounts. Remara’s At Call account also pays your interest daily through an increase in your units.

Who is best suited to cash management accounts?

If you are someone who prefers to streamline the management of their finances and likes to keep their money easily accessible from one account, then a cash management account could be the right solution.

Our cash management accounts are structured to appeal to everyone from savers to active investors to those looking for an all-in-one solution, as well as people with self-managed super funds. If you have multiple investment accounts, a cash management account can be a centralised way to streamline your finances all under one account. This allows you to track your finances easily whilst also optimising efficiency.

Cash management accounts versus other types of accounts

Some similarities between cash management accounts and other traditional bank accounts, such as savings accounts or cheque accounts, include:-

Savings Accounts

Both savings and cash management accounts generally offer competitive interest rate options. Where they can differ, though, is that some savings accounts only allow a certain number of transactions or require regular deposits to earn bonus interest.

Cheque Accounts

Depending on their setup, some cash management accounts will also have cheque writing facilities, ATM withdrawals, and the use of a debit card. Cash management accounts pay higher interest rates than checking accounts, which often pay little or no interest.

What to look for when comparing cash management accounts

Some things to consider when comparing cash management accounts:

Ability to access funds

Typically, cash management accounts allow you to access your money through various avenues, including Internet banking, phone banking, ATMs, EFTPOS, branch banking, chequebooks, and BPAY. When looking at different cash management accounts, it is a good idea to find out how easy it is to access your money and if you can access it anytime.

Interest rates

One critical factor to consider is the interest rate being offered. Some institutions provide one standardised high-interest rate irrespective of your account balance. In contrast, others offer tiered rates based on your savings.


Most cash management accounts have a monthly account keeping fee. Depending on the method of transaction, some providers might charge transaction fees. Checking all associated fees and charges before opening any cash management account is a good idea.

Pros and cons of cash management accounts


Fewer accounts to manage

Having a cash management account for your cash holdings and savings can streamline your finances while earning a higher-than-average interest rate. It can also minimise transactions and avoid the time-consuming process of managing multiple accounts and transferring from one account to another.

Higher interest rates

Most CMAs offer higher interest rates than other standard savings accounts, allowing you to grow your savings faster. Our cash management accounts are structured to provide all account holders with the same high interest rate, irrespective of additional deposits and unlimited withdrawals.

Easy access to your money

Accessing your money is easy with a cash management account. Many accounts offer debit cards for making purchases or withdrawing cash via ATM or EFTPOS machines.

Low-risk investment

Like a savings account, a cash management account is considered no riskier than any traditional bank account.


There may not be access to in-person customer service.

In the same way, online banking institutions don’t have in-person branches; most financial providers of cash management accounts operate the same way with phone or chat support. This allows them to reduce costs and pass the savings on to their customers. If you prefer face-to-face, a cash management account might not be the right solution, or it could take an adjustment period to get used to.

Minimum balances and fees

Cash management accounts will typically require a minimum account balance and will charge a monthly account-keeping fee.

What are the different types of cash management accounts?

Typically, most cash management accounts are referred to as “At Call,” meaning that investors can access their money on a day-to-day basis the same way they would for their high-interest savings account. Our “At Call” cash management account is a low-risk investment account backed by AA investment-grade assets. Designed to make saving money a breeze, it offers a high 5.20% p.a. return with interest calculated daily. Note the rate offered changes daily .

A less common type of cash management account is a ‘fixed term account.’ Structured to function more like a term deposit that lets you invest funds for a specific term, a fixed-term cash management account provides investors with a higher rate of return. Unique to the market, our fixed-term account offers up to 7.50% p.a. with the option to lock in a fixed rate upfront or choose a variable rate over a six or 12-month period.

Am I eligible to invest in one of Remara’s cash management accounts?

To apply for and open one of Remara’s cash management accounts, you must meet the required identification, including being an Australian or international resident over the age of 18. Our cash management accounts require a minimum investment and ongoing balance to receive monthly interest payments.

Accelerate your savings

A cash management account is a versatile way to manage your savings that combines the benefits of an investment and savings account in one. Offering higher returns and easy access to your money, they are an efficient and intelligent way to manage your finances. Whether you are an active investor or just looking to make your money work, a cash management account can be a great alternative to traditional savings accounts. To find out more about Remara’s cash management accounts or to open an account today, contact our team of experts.



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