CMT is probably one of the most secure investments available.
Unlike a term deposit where your funds sit on the company's balance sheet, a CMT is first of all a managed fund, and is invested in a range of short term money such as bank bills, government bonds etc. It also explains why the rate is not as high as other cash investments. Higher the rate generally means you are taking higher risk.
It has a AAA rating from memory as well whch was reinforced yesterday.
what happens to cmt accounts, page-2
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