Definitions for "Cash management account"
A type of account typically offered by brokerage firms which allows an individual to consolidate different accounts into one.
An all-in-one account banks and brokerages offer to allow customers to invest, write checks, pay bills, and earn an elevated interest rate on their cash. Brokerages typically require a minimum amount of cash and securities, sometimes as much as $25,000. Annual fees can reach $125 or so. Any cash that comes in from interest, dividends, or the sale of securities is swept into a money market account. Brokerages also offer customers free checking and access to preferred rates on loans. Because of the fees, this kind of account best serves active traders. Also called asset management account.
An interest bearing account, where your funds are held.
Keywords:  easy, good, option, access, interest
a good option for easy access with good interest rates