The current indicative* monthly cash rates for April 2024:

The historical indicative* monthly cash rates on amounts up to $250,000 are:

For older indicative cash rate changes, and rates on amounts over $250,000 please contact Netwealth.

* The funds in your cash account earn monthly interest at a rate set by us. The rate is variable and is currently set at no less than 0.65% p.a. below the target cash rate set by the Reserve Bank of Australia (‘Official Cash Rate’) averaged over the month. If you hold more than $250,000 in your platform cash account then the rate may be lower on part or all of the amount over $250,000. Interest is calculated and credited at the end of each month, at the applicable rate for the month, and is calculated on the daily balance of funds in your cash account. The effective rate of interest you receive on the funds shown in your cash account may vary slightly from the published rate. This is because there may be timing differences between when cash from transactions are shown in your account and the actual cash movements in the bank accounts. For example, the proceeds from the sale of an investment may be credited to your cash account before they are actually received by us into our bank account. If you close your platform account during the month, interest is paid for that month on closure of the account at the rate applying for the current month, if known, or otherwise at the rate for the previous month.

(1) Including Wealth Accelerator, Russell Investments Wealth Series and Russell Investments Portfolio Service

(2) Including Super Accelerator and Russell Investments Super Series

(3) Including the Netwealth Managed Account Service and any other approved Managed Account service