Saving and investment comparison table
|
Interest rates p.a.3
|
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
$0 - $9,999
|
4.00% |
Nil |
NIL% |
Refer to footnote 13 |
|||||
|
$10,000 - $19,999
|
4.25% |
1.45% |
NIL% |
Refer to footnote 13 |
|||||
|
$20,000 - $49,999
|
4.25% |
1.45% |
1.55% |
Refer to footnote 13 |
|||||
|
$50,000 - $99,999
|
4.25% |
1.45% |
3.00% |
Refer to footnote 13 |
|||||
|
$100,000 - $249,999
|
4.25% |
1.45% |
3.30% |
Refer to footnote 13 |
|||||
|
$250,000 - $499,999
|
4.25% |
1.45% |
3.55% |
Refer to footnote 13 |
|||||
|
$500,000 plus
|
4.25% |
1.45% |
3.75% |
Refer to footnote 13 |
|||||
|
Bonus interest
|
|||||||||
|
Bonus interest (including base rate)
|
N/A
|
4.60% p.a. if no withdrawals in calendar month and minimum balance is $10,00014 |
N/A |
N/A |
|||||
|
Fixed interest bonus
|
N/A |
N/A |
N/A |
N/A |
|||||
|
Account fees
|
|||||||||
|
Monthly service fee
|
NIL |
NIL |
NIL |
N/A |
|||||
|
Free transactions per month
|
Unlimited transfers between other Westpac linked accounts4 |
Unlimited transfers between other Westpac linked accounts4 |
NIL |
N/A |
|||||
|
Transaction fees
|
|||||||||
|
Self-service (electronic) withdrawals5
|
NIL6,7 |
NIL6,7 |
$0.50 |
N/A |
|||||
|
Self-service (electronic) deposit
|
NIL |
NIL 6,8 |
$0.50 |
N/A |
|||||
|
Cheques written
|
N/A |
N/A 9 |
$1.00 |
N/A |
|||||
|
Cheques collected/deposited10
|
$2.50 |
$2.50 |
$1.00 |
N/A |
|||||
|
Staff-assisted withdrawal11
|
N/A9 |
N/A9 |
$2.50 |
N/A |
|||||
|
Staff-assisted deposit
|
$2.50 |
$2.50 |
$2.50 |
N/A |
|||||
|
Account access
|
|||||||||
|
BPAY® (bill payments)
|
no | no | yes | no | |||||
|
Business Online Banking
|
yes | yes | yes |
Yes12 |
|||||
|
Business Telephone Banking
|
yes | yes | yes | yes | |||||
|
Cheque
|
no | no | yes | no | |||||
|
Westpac Business Debit MasterCard®/Handycard
|
no | no | yes | no | |||||
|
Periodical payments
|
no | no | yes | no | |||||
|
Features
|
|||||||||
|
e-statements available
|
yes | yes | yes | no | |||||
Things you should know
-
1.Interest rates for Westpac Business Self Super accounts opened prior to 30/03/2009.
-
2.If the Bank repays some or all of your term deposit early, in most cases an interest rate adjustment will apply. The Bank reserves the right to vary the interest rate adjustment at any time. The interest rate adjustment will not apply where a Term Deposit is repaid prior to maturity due to the death of the depositor. If interim interest has been paid and the Term Deposit is repaid before maturity, the Bank may need to recover this interest. No interest will be paid if the Term Deposit is repaid within the first seven days of a Term.
-
3.Credit interest, where applicable, is calculated daily and credited to the account monthly in arrears, on the last business day of each 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 rate calculation for that month, but the interest rate calculation for the following month.
-
4.Unlimited transfers between other Westpac business accounts held by the customer in the same names(s), using Business Online or automated Business Telephone Banking only.
-
5.EFTPOS and ATM withdrawal fees are not applicable if your business account does not have card access.
-
6.Transfers between linked Westpac accounts only.
-
7.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 associated account fees and charges.
-
8.Electronic deposits into a Westpac Business Cash Reserve Bonus from an account other than a Westpac Business account held in the same name, incur a charge of $5.00 per transaction.
-
9.These channels are not available, however if these transactions occur for each transaction a $5.00 fee will be incurred.
-
10.A deposit to an account with two cheques will count as three transactions, one for the deposit (which is charged as branch transaction) and one for each cheque lodged because each item required individual processing.
-
11.The branch staff-assisted electronic fee is not applicable if your business account does not have card access.
-
12.Balance enquiry only.
-
13.Please refer to Term Deposit rates.
-
14.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.
-
Note: Rates and fees for Business Max-i Direct accounts opened prior to 07/07/08.
- BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.
