IMB Cash Management

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Summary

Take full advantage of the accessibility of a transaction account and interest earnings of a savings account in one convenient place.

Without having to lock your savings away, the IMB Cash Management Account allows for you to still get the benefit of competitive interest rates. You are provided with multiple ways of accessing your money including unlimited free online transactions.

Pros

  • Competitive interest rate
  • At-call access to savings
  • No monthly account keeping fee

Cons

  • Minimum balance applies

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name IMB Cash Management Account
Maximum Variable Rate 1.70% p.a.
Standard Variable Rate 0.05% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $5,000
Minimum Age 18

Key features

Monthly account keeping fee

IMB does not charge you any monthly account keeping fees for the Cash Management account.

Interest rates

Your entire balance starting at $5,000 earns a variable interest rate. This rate gradually increases as your balance does.

How to apply

Eligibility

The convenience continues with a simple online application process for the Cash Management Account. It should take about ten minutes to complete, but you should first make sure that you are eligible for this banking product:

  • Minimum age. You must be aged 18 or older in order to apply.
  • Residency requirement. Only Australian residents with an Australian residential address will be approved for the Cash Management Account.

Compare other savings accounts

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Earn a high interest rate of 5.45% for the first 4 months and then 4% thereafter, with $0 account keeping fees and no monthly balance requirements.
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  • Grow balance by $200 each month (excl. interest)
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Get a solid interest rate on your entire balance, with minimal conditions in order to get the max rate. This account doesn’t offer card access but you can make 1 withdrawal per month & grow your net balance by $200 (excl. interest) to earn the max rate.
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Maximum Variable Rate p.a.
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Monthly Max Rate Conditions
  • Grow balance $50 ($0.01 if under 21)
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Macquarie Savings Account
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Monthly Max Rate Conditions
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Earn 5.1% p.a. for the first 4 months then 4.75% p.a. ongoing with no conditions to meet. Earn the ongoing rate on balances up to $1 million.
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ING Savings Maximiser
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ING Savings Accelerator ($150,000 - $500,000)
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Maximum Variable Rate p.a.
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Ideal for higher balances, savers can earn up to 5.15% for the first 4 months and up to 4.45% thereafter. There are no conditions and $0 account-keeping fees.
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Bank of Queensland Future Saver Account - 14 to 35 years
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Maximum Variable Rate p.a.
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BCU Bonus Saver
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IMB Reward Saver Kick Start
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9.3 Excellent
Maximum Variable Rate p.a.
5.00%
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Monthly Max Rate Conditions
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You can open this account if you are aged 13 to 17, or if you're a student, trainee or apprentice aged 18 to 30.
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full Finder Score breakdown

Sources
  1. IMB Cash Management Account information page
  2. IMB Cash Management Account TMD

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Alison Finder

Editorial Manager, Money

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Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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