I received an email from Comsec today.. contents (edited appropriately) as follows.
Dear Mr Cynical,
I am writing to let you know about some important changes happening to your CommSec Cash Management accounts. In early 2013, we are replacing your CommSec Cash Account (CCA) and CommSec Investment Account (CIA) with the new Commonwealth Direct Investment Account (CDIA), just one settlement account that earns you interest.
Why are we making this change?
Because we are operated by a greedy bank and figure that most customers wont bother to move, even though NAB now has $15 trades and a high interest account..
What you need to do now
Stay with Comsec and lose $100 a year in interest and continue to pay $19.95 per trade or open a NAB broking account and move your shares over to them and pay $14.95 per trade and earn 4.25% on every dollar in your account.
Now have a look at the crappy interest rates on offer...its a slap in the face...Comsec after almost 5 years, you're fired.