Should I use CDIA or my own account?
The CDIA is the preferred cash management account for CommSec, allowing you to seamlessly settle trades, save and transact all from one account. Your CDIA is linked to your CommSec Trading Account for settlement of your trades. You can access your account online through NetBank and CommSec.
Does CommSec take money from CDIA?
Low trading fees. The main highlight of using the CDIA to trade shares through CommSec is the cheaper brokerage fees. If you buy shares using the CDIA account, you’re charged a brokerage fee of as little as $10, compared to $29.95.
Is a CDIA worth it?
The main benefit of a CDIA is the cheaper brokerage fees, which come down to $10 compared to the standard $29.95 for trades up to $1000. In addition, account balances of $500,000 or more earn interest at 0.1% p.a.
How do I get my money from CDIA?
The easiest way to transfer funds to your CDIA is to make a deposit from any linked Commonwealth Bank account via NetBank. However, you can also transfer funds from another financial institution.
Does CDIA earn interest?
Interest earned on CDIA accounts is calculated daily and credited to your account on the first calendar day of each month.
Is CDIA free?
No fee applied for CDIA accounts linked to CommSec Trading Account, or SMSF option. For more information on fees and charges that may apply, please read the Transaction, Savings and Investment Terms and Conditions.
Can you lose money on CommSec?
Buying shares comes with a number of risks and it’s important to understand and be comfortable with them before investing. The biggest risk of investing in shares is that you could lose some or all of your money.
What does CDIA mean?
Commonwealth Direct Investment Account (CDIA) A cash management account for investors allowing you to trade and transact when and where it suits you.
Is CommSec good for beginners?
Yes, Commsec is good for beginners and is one of the easiest brokerage platforms to get started using. The only drawback is the cost.
What is a CDIA settlement account?