This means you can buy and sell shares with the same account as you use to make your mortgage repayments, instead of having to keep separate accounts for each banking function.
Structuring your finances around a cash management account saves you time as you don't need to transfer funds between accounts and it also means that it's easier to monitor what's happening with your money.
Another great feature you may find in a cash management account is that they generally offer a competitive interest rate, calculated daily and paid monthly.
Top tip
If you have multiple investment accounts, you could consider bundling them under one cash management account to streamline your finances.
This means you won't have to spend time tracking each individual account to calculate your overall financial position. You can be more efficient with your funds, having all your income streams land in one account so you don't need to scramble around to find out which account has cash every time a bill falls due.
Use the increased visibility of a cash management account to help you understand your cash flow position so you can implement a strategy that will help you reach your financial goals – even if it's to spend less time fretting over the budget and spending more time with your family.
Macquarie has a market leading cash management account that helps you orchestrate your cash flow with high visibility and control.
Learn more about theMacquarie Cash Management Account– voted number one, for the second year running, by the SMSF Adviser Awards.
