Community Solutions Cash Reserve Bonus
Essentials
- Extra interest for community groups and Not-for-profit organisations
- Earn interest (including bonus) of up to 4.10% p.a. when no withdrawals are made in a calendar month 1
- Competitive interest paid on balances of $10,000 or greater
- No monthly service fee 2
- 24/7* access to your funds via Business Online and Business Self Service Telephone Banking with unlimited free transfers between linked Westpac accounts held in the same name as the Westpac Cash Reserve Bonus account
- Paperless eStatements available.
Related documents
Things you should know
- 1.Both bonus interest rate and base interest rate are variable and may change at any time. Bonus interest is paid upon customer not making any withdrawals during the calendar month. Balances in your account on and after the last business day of the month, including deposits made to your account on or after the last business day of the month will not be included in the interest calculation and interest rate applicable for that month, but in the interest calculation and interest rate applicable for the following month. See terms and conditions for further information
- 2.Other fees and charges apply. Terms and conditions apply.
- * Subject to systems availability
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Fees
| Monthly service fee | NIL |
| Number of free transactions per month | Unlimited transfers between other Westpac Business transaction accounts held by customer in the same name(s) as the Westpac Cash Reserve Bonus account, using Business Online or automated Business Telephone Banking only. |
| eStatements | NIL |
| Self-service (electronic) withdrawals 1 | NIL 2,3 |
| Self-service (electronic) deposits | NIL 2 |
| Cheques written | N/A 4 |
| Cheques collected/deposited 5 | $2.50 |
| Staff assisted withdrawal 6 | N/A 4 |
| Staff assisted deposit | NIL |
| Narrated credits 7 | N/A4 |
| Business Telephone Banking 8 | Unlimited free self-service enquiries |
| Business Online | Account enquiries are always free when you use Business Online |
Related documents
Things you should know
- 1.EFTPOS and ATM withdrawal fees are not applicable as the Business Cash Reserve Bonus account does not have card access
- 2.Transfers between linked Westpac accounts only
- 3.Electronic withdrawals (excluding Periodical Payments) from a Westpac Business Cash Reserve, Westpac Self Super Online or Westpac Business Cash Reserve Bonus account to an account other than a Westpac Business account held in the same name are not allowed. If such a withdrawal occurs, a $5.00 fee applies per transaction. For Periodical Payments, refer to the Associated account fees and charges section
- 4.These channels are not available, however if these transactions occur for each transaction a $5.00 fee will be incurred
- 5.A deposit to an account with two cheques will count as three transactions, one for the deposit (which is charged as a branch transaction) and one for each cheque lodged because each item requires individual processing
- 6.The branch staff-assisted electronic fee is not applicable as the Business Cash Reserve Bonus account does not have card access
- 7.Narrated credits are branch transactions using a serial number encoded deposit slip designated to allow you to identify the deposit from the serial number used
- 8.Account enquiries include balance enquiries and obtaining the details of a deposit or withdrawal. An account balance received immediately after, and as part of, a withdrawal transaction is exempt from fees and does not count towards the number of fee free transactions.
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Rates
| Amount | Interest rate with bonus | Interest rate without bonus |
|---|---|---|
| $0 - $9,999 | Nil | Nil |
| $10,000 - $19,999 | 4.10% | 0.95% |
| $20,000 - $49,999 | 4.10% | 0.95% |
| $50,000 - $99,999 | 4.10% | 0.95% |
| $100,000 - $249,999 | 4.10% | 0.95% |
| $250,000 - $499,999 | 4.10% | 0.95% |
| $500,000+ | 4.10% | 0.95% |
View the Westpac Business Cash Reserve Bonus essentials.
Interest is calculated daily and paid monthly. Base interest rates and bonus interest rates are current as at 04 May 2012 and are subject to change at any time. They are tiered according to balance.
Related documents
Things you should know
- 1.Both bonus interest rate and base interest rate are variable and may change at any time. Bonus interest is paid upon customer not making any withdrawals during the calendar month. Balances in your account on and after the last business day of the month, including deposits made to your account on or after the last business day of the month will not be included in the interest calculation and interest rate applicable for that month, but in the interest calculation and interest rate applicable for the following month. See terms and conditions for further information.
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