Westpac Business Cash Reserve

Earn interest on your collected GST with our most popular business online savings account.

Earn interest on your collected GST and access your funds anytime you need them with our most popular business online savings account.

  •  

    Open your account in less than 10 minutes

    Get started
  • Online account opening criteria apply.

Essentials

Business Cash Reserve savings account comes with the following features and services:

tick No monthly service fee

tick Earn tiered interest on all balances, interest is calculated daily and paid monthly

tick 24/7 access1 to your account through our award winning Westpac Online, Mobile & Tablet Banking2 or Business Telephone Banking

tick To operate your Business Cash Reserve account, you need to have a Westpac business transaction account in the same name. This lets you move your money between these accounts as often as you like, for free when using online or automated telephone banking


Getting the most from your Business Cash Reserve account (optional extras)

  • eStatements - Stay on top of your finances with less clutter
  • Export your transactions - Save time and money by exporting transactions to your existing accounting software from Westpac Online
  •  

    Open account in less than 10 minutes

    Online account opening criteria apply.

    Get started
  •  

    Give us a call

    132 142 

    8am-8pm, Mon - Fri 

  •  

    Visit your local branch

    Find a branch
Things you should know
  • Online Banking Terms and Conditions

    To be eligible to apply for Business Cash Reserve account, your business must be registered in Australia.

    1. 24/7 access is subject to system availability.
    2. Winner of the Best Innovative Online Banking Service in Money Magazine’s 2015 Best of the Best Innovation awards, 2015 AB+F’s Best Banking Website/New Online Banking Offering of the Year, and Good Design Award in the category of Digital and Online design - Good Design Australia 2014.
       

Fees

Account fees
Standard accountAmount
Monthly service fee$0
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 Banking or automated Business Telephone Banking only.
Transaction fees (charged per transaction)
 TransactionAmount
Self-service (electronic) withdrawals - transfers between other Westpac business accounts by Business Online Banking or automated Business Telephone Banking$0
Self-service (electronic) deposits$0
Cheques collected or deposited (Additional charge for the branch transaction may apply)$2.50 per cheque
Staff assisted withdrawal (not usually available)$5
Staff assisted deposit (including cheques)$2.50
Narrated credits (not usually available)$2.50
Account enquiries
EnquiriesAmount
Business Telephone Banking$0
Business Online Banking$0

Includes balance enquiries and obtaining deposit or withdrawal details.
Other bank charges may apply. See Terms and Conditions.

  •  

    Open account in less than 10 minutes

    Online account opening criteria apply.

    Get started
  •  

    Give us a call

    132 142 

    8am-8pm, Mon - Fri 

  •  

    Visit your local branch

    Find a branch
Things you should know
  • Narrated credits
    Branch transactions using a serial number encoded deposit slip enabling you to identify the deposit from the serial number used.

    Overseas ATM cash withdrawal surcharges.

Rates

Interest is calculated daily and paid monthly. Rates are current as at 19 May 2016 and are subject to change at any time. They are tiered according to balance.

AmountVariable base rate p.a.
$0 - $9,9990.01%
$10,000 - $19,9991.05%
$20,000 - $49,9991.05%
$50,000 - $99,9991.05%
$100,000 - $249,9991.05%
$250,000 - $499,9991.05%
$500,000+1.05%
  •  

    Open account in less than 10 minutes

    Online account opening criteria apply.

    Get started
  •  

    Give us a call

    132 142 

    8am-8pm, Mon - Fri 

  •  

    Visit your local branch

    Find a branch
Things you should know