Community Solutions Cash Reserve
Essentials
- An online savings account with competitive interest for Not-for-profit organisations
- Earn a great return of up to 3.75% p.a. on your surplus cash1,
- No minimum monthly balance required to earn interest
- No monthly service fee 2
- 24/7 * access to your funds using Business Online and Business Self Service Telephone Banking with unlimited free transfers between linked Westpac business accounts held in the same name as the Westpac Business Cash Reserve account holder
- Paperless eStatements available.
Related documents
Things you should know
- 1.Interest rate is variable and may change at any time.
- 2.Other fees and charges are payable. 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 accounts held by customer in the same name(s) as the Westpac Business Cash Reserve 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 |
| Cheques written | N/A |
| Cheques collected/deposited 4 | $2.50 |
| Staff assisted withdrawal 5 | N/A 6 |
| Staff assisted deposit | NIL |
| Narrated credits 7 | N/A 6 |
| 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 Westpac Business Cash Reserve 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.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
- 5.The branch staff-assisted electronic fee is not applicable as the Westpac Business Cash Reserve does not have card access
- 6.These channels are not available, however if these transactions occur for each transaction a $5.00 fee will be incurred
- 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 | Variable base rate p.a.1 |
|---|---|
| $0 - $9,999 | 3.50% |
| $10,000 - $19,999 | 3.75% |
| $20,000 - $49,999 | 3.75% |
| $50,000 - $99,999 | 3.75% |
| $100,000 - $249,999 | 3.75% |
| $250,000 - $499,999 | 3.75% |
| $500,000+ | 3.75% |
View the Westpac Business Cash Reserve essentials.
Interest is calculated daily and paid monthly. 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.Interest rate is variable and may change at any time. For holders of Westpac Business Max-i Direct accounts here are your interest rates.
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