Quote Originally Posted by Onion View Post
The FCNZ T&Cs mention that FCNZ will take a cut (as yet unspecified) of the interest paid on the [transferred] Cash Management Account:



I have looked at the ANZ Securities T&Cs and cannot find an equivalent fee.

Does anyone else have a concern with that arrangement?
I do know back in the day, Direct Broking took a cut as well of the total amount invested (from memory it was .25%) so I am pretty sure ANZ would be taking a cut too. Nothing new here, just hope that the FNZC cut is similar and we get a similar return.