When you register for ANZ E*TRADE, you will be provided with an ANZ E*TRADE Cash Account where your cash is held for you to invest.
So even when your funds are not invested in the market you are still earning interest.
| Amount | Interest Rate* |
|---|---|
| $1 - $4,999 | 0.10% p.a. |
| $5,000 - $19,999 | 0.10% p.a. |
| $20,000 - $49,999 | 5.00% p.a. |
| $100,000 - $249,999 | 5.00% p.a. |
* Interest rate is current as at Wednesday, 3 December 2008 and is subject to change.
How it works
Depositing money
You can deposit funds into your ANZ E*TRADE Cash Account using:
® Registered to BPAY Pty Ltd
Withdrawing money
You can request to withdraw cleared funds from your ANZ E*TRADE Cash Account through the E*TRADE website.
The funds will be electronically transferred overnight to your nominated account.