Do NuWealth investment accounts generate interest?
For investment accounts, you'll earn interest on any settled, uninvested cash held in your account. This applies only to your available cash balance - invested funds do not earn interest. Interest is accrued daily and paid gross each month.
Interest is only received on deposits that are settled in the account - "pending deposits" do not generate interest as the funds have not yet landed (or settled) in your account. Your cash will continue to generate interest from the point a withdrawal is requested until it actually leaves your NuWealth account.
Please note, the interest rate is subject to change.
To check our investment account cash interest rate, visit our investing partner, Seccl's, website here: https://seccl.tech/cash-interest/