Your CommSec share trading account + cash account
The Commonwealth Direct Investment Account (CDIA) linked to your trading account combines the expertise of CommSec and the Commonwealth Bank of Australia (CBA) to bring you one bundle that is seamlessly integrated. It works with your CommSec share trading account so that all your cash needs — trading, saving and transacting — are covered.
We’ve also created a “single sign-on” function, so that when you log on to either CommSec or NetBank you can switch between the two sites, accessing both your trading account and CDIA. It’s simple; all you need to do is use the tabs in the top left corner of your screen.
What’s a Commonwealth Direct Investment Account (CDIA)?
The CDIA is the preferred cash management account for CommSec share traders, allowing you to trade#, save and transact, when and where it suits you. That’s why we say it’s ‘always on’.
‘Always on’ means your money is always ready to work for you, however you want it to, such as:
- Seamless settlement of trades, so you can take advantage of investment opportunities as they arise, without having to transfer funds between accounts
- Low brokerage from just $10.00 per trade when you settle to your CDIA
- Earn interest between investments on balances over $10,000 without the hassle of having to move funds between accounts
- Transact real-time on your cash account through NetBank, CBA’s leading online banking platform
- A full range of transaction functions and at-call access to your cash, plus an optional CBA Debit MasterCard™
More about the CDIA for CommSec
As well as being a settlement Account for your CommSec Share Trading Account, the CDIA is a fully featured cash management account:
- Interest on your CDIA is calculated daily and paid monthly*
- No monthly account keeping fees**
- Unlimited electronic transactions and two assisted withdrawals free each month*
- One account for all your transactions so you don’t need to move funds between multiple cash accounts
- Access via Australia’s largest branch network and telephone banking
- Access to CBA’s online banking platform, NetBank, for complete visibility of your transactions instantly and 24 hour access
- An optional CBA Debit MasterCard® offers easy access to your cash via Australia’s largest bank ATM network; plus you can use BPAY, EFTPOS and a chequebook. Android, iPad and iOS mobile devices including Kaching and CommBank App are at your disposal.
# Subject to ASX/Chi-X (Australia) trading date and time parameters
* applies to accounts opened after 31/10/2012 and customers who have a CommSec Trading Account”
** applies to customer who have a CommSec Trading Account
CDIA Interest Rates for CommSec
Interest Rate applies to the whole balance of the account, and is calculated daily and paid monthly. Interest rates displayed in the table below are per annum.
|
Balance * | Interest Rate * |
| $500,000 or more |
1.75% p.a. |
| 250,000 - $499,999 |
1.50% p.a. |
| $100,000 - $249,000 |
1.30% p.a. |
| $50,000 - $99,999 |
0.80% p.a. |
| $20,000 - $49,999 |
0.50% p.a. |
| $10,000 - $19,999 |
0.25% p.a. |
| $0 - $9,999 |
0.00% p.a. |
|
Balance (for SMSF CDIA)^ | Interest Rate (for SMSF CDIA)^ |
| $10,000 or more |
1.50% p.a. |
| $0 - $9,999 |
0.00% p.a. |
* All rates displayed in the table are only available to customers who have a CommSec Trading Account and for CDIA opened through CommSec on or after 1 November 2012. Interest rates are effective from 19/08/2016 and are subject to change without prior notice. Fees and charges apply. For interest rates on CDIAs opened prior to 01/11/2012, please see the interest rate flyer (Interest Rates on Transaction, Savings and Investment Accounts) on the CommBank website.
^ Applies to customers who have a CommSec SMSF Trading Account and SMSF CDIA opened through CommSec on or after 20/04/15. To be eligible for the rates the trust type must be Self Managed Super Fund on the application form. Interest rates are effective from 19/08/2016 and are subject to change without notice. Fees and charges apply.
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