Westpac Business Cash Reserve

Save it, access it.

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    Before you apply

    Your business needs to be registered in Australia

  • Apply now

    It only takes 10 minutes

    Apply online


Earn competitive interest without having to lock your money away. Our most popular savings account, it’s the best of both worlds.

Boost your savings

Give your savings a boost with a variable interest rate of 1.30% p.a. on all balances of $10,000 or over.

Earn interest on your GST

No fixed terms means it’s a great way to make the most of those cash reserves you’ve got set aside in between BAS statements.

Paperless statements

Opt for eStatements and access up to seven years of transactions without the clutter.

How it works

To operate your high interest 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 Business Online Banking or automated Business Telephone Banking.


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)
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
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.

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.


Interest is calculated daily and paid monthly. Rates are current as at 01 October 2015 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 - $19,9991.30%
$20,000 - $49,9991.30%
$50,000 - $99,9991.30%
$100,000 - $249,9991.30%
$250,000 - $499,9991.30%