Macquarie Cash XL is a registered management investment scheme that is structured to give investors online access to their cash account at all times to facilitate ease of management.
Macquarie Cash XL allows investors to make fast and fully-informed decisions concerning their cash and other investment opportunities. The account is managed online so that the balance, transactions and statements can be accessed at all times. It provides the investor and the financial adviser with access to the necessary account information. Investors will also benefit from higher interest rates being paid compared to those available from a typical transaction or cash management trust.
| Features |
Contribution fee
|
NIL |
Withdrawal fee
|
NIL |
Management costs
|
NIL |
Income paid
|
monthly |
Minimum account balance
|
No minimum
|
Key features
- The account is linked to a nominated bank or CMT account and all deposits and withdrawals are processed through that account.
- Interest is calculated daily and paid monthly to provide investors with the benefit of compounding.
- Unit price: $1.00
Macquarie Investments Management Limited (MIML) acts as the Responsible Entity of the Cash XL scheme. It is a member of the Macquarie Group of companies and also manages the Macquarie Cash Management Trust, the largest retail managed fund in Australia.
| Fee Disclosure | | There is no entry or upfront fee paid on investments in the Macquarie Cash XL Account. 2020 DIRECTINVEST may receive a trailing commission of up to 0.10% pa. This is paid by the fund manager and is NOT an additional charge to the investor. |
 Download Product Disclosure Statement (PDS) |  Request Product Disclosure Statement (PDS) |
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