I'm having problems choosing a combination of broker and high interest account. Currently I'm using westpac's $29.95 trades which I can link to any bank account, but I've currently linked it to a commbank Everyday Account Complete Access account. However, this account doesn't earn much interest and I have to remember which day to move money into the settlement account.
Each time I move money out of a high interest account I lose around $6 a day on $45,000.
Is there a way to minimise losses caused by settlement and the requirement to move cash in and out of a settlement account? i.e. Link it directly to a USaver or RAMS account, both of which don't support direct debit, and I doubt any of the other high interest accounts do either...
Is this just an opportunity cost that has to be borne?