Get 4.81% p.a. target return with our FirstRate Cash fund. Our flexible, low-risk cash fund generates steady returns and gives you the freedom to withdraw as it suits you. 

Invest in the FirstRate Cash Fund

The FirstRate Cash fund invests in a bank deposit product offered by the Commonwealth Bank of Australia which generates passive interest income for investors. 


No lock-in or special conditions 

Enjoy the freedom of depositing and withdrawing at any time, to suit the current market conditions and your financial goals.    



4.81% p.a. Target rate return 

Get 4.81% p.a *. target return on your investment without the fixed-period commitment of a term deposit. 



Invest with just $1,000 

Invest in the FirstRate Cash fund with just $1,000 and top it up at any time.  



Disclaimer* Returns will fluctuate over time. The target return rate is indicative and based on the underlying deposit interest rate less the management fee and cost. The target return may change without notice if there are changes in the Reserve Bank of Australia Official Cash Rate and/or the interest rate we receive and/or changes in the management fees and costs. Investment returns and capital repayment are not guaranteed. 

How to invest in the FirstRate Cash Fund


Before joining it’s important that you have read the information provided on this page and within the Product Disclosure Statement and Target Market Determination to determine whether this is the right fund for you. 



Already a member?   

  1. Log into your account. You’ll need your Member ID (OIN) found on your statement. 

  2. Download and read the Product Disclosure Statement and Target Market Determination for FirstChoice Wholesale Investments. 

  3. Complete the application

New to CFS?

  1. Go here to get started and select 'Join Investments'.

  2. Download and read the Product Disclosure Statement and Target Market Determination for FirstChoice Wholesale Investments. 

  3. Enter your details - Make sure you have 2 forms of ID ready (e.g. Australian driver’s licence, Australian passport, Medicare card, or Centrelink concession card).   

  4. In the Investment Strategy section select‘Cash Option’.

  5. Select ‘FirstRate Cash’ fund – make sure you check the terms and conditions box and follow the prompts. 

Getting to know your risk appetite

Before you invest, take some time to consider your appetite for risk. This way you’ll ensure the investment selection is aligned to your personal situation and financial goals. Discover your risk profile by taking the test.

Important before investing


Product Disclosure Statement


Target Market Determination


Fund profile

A very low risk option for investors which sets out to generate positive interest income each month by depositing funds with the Commonwealth Bank of Australia. The fund allows investors to preserve their capital and receive regular income while enjoying easy access to their money. Enjoy the freedom of pivoting your financial strategy as it suits the financial market or your personal goals.  Get started with just $1000 and invest flexibly with no fixed-term commitment.  

FirstRate Cash is a very low risk option for investors. The target return rate is indicative, and the actual return may vary. For actual returns, please visit the fund profile. The target return may change without notice. Withdrawal requests received on a NSW business day prior to 3pm (Sydney time) will typically be processed on the next business day, subject to any unforeseen outages or circumstances.   


CFS classifies investment options using a Standard Risk Measure (SRM). The SRM for this option is VERY LOW. For further information in understanding this risk measure please refer to the FirstChoice Investment Options Menu, under the section titled FirstChoice range of investment options.  

When you invest in CFS FirstChoice Wholesale Investments you’ll pay ongoing annual fees and costs for the management of your investments. These fees vary based on the investment options that you've chosen and cover the expert management of your option’s assets.  


Please read through the FirstChoice Wholesale Investments Product Disclosure Statement (PDS) which shows fees and other costs that you may be charged. These fees and other costs may be deducted from your account and from the returns on your investment.  


Fees regarding the FirstRate Cash fund can be found here.  


Other fees such as activity fees and advice fees may also be charged, but these will depend on the nature of the activity or advice chosen by you. 


It’s important to understand the impact of fees on your investment. If you require support understanding fees, please contact us on 13 13 36 or email 

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Things you should know

Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.


Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at or by calling us on 13 13 36.