7% is higher than the CDIA which I think is around 5 point something %
but I see the problem with keeping up with transfers for the trades.
The CDIA is preferable to this arrangement but I have a dark suspicion
that in some not too distant future they may offer preferential
discounted brokerage on the cash management only and not the cdia
and I believe this is also all part to moving people
off receiving paper statements as a cost cutting measure....
I expect if that change is implemented it will generate a lot of revolt
for the above reason of inconvenience.
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commsec cash management account warning, page-3
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