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The Westpac Notice Saver accounts are an innovative new surplus cash flow solution for wholesale customers designed to bring together a competitive, variable rate of interest with your choice of notice period. You can add funds to your account at any time to increase your rate of return, whilst having the option to withdraw some or all of your funds after serving a predetermined notice period.

How it works

The Westpac Notice Saver account requires a minimum opening balance of $500,000 and is opened with either a 31, 60, 90 or 180 day notice period. At the end of your notice period, you have the option of withdrawing some or all of your funds. Interest is calculated daily and paid monthly. You can deposit funds to your account at any time to ensure you earn a competitive variable rate of return.

4 account types, based on different cash flows needs


  • Choose the notice period account that best meets your surplus cash flow
  • Top up Funds on Hold balances at any time increasing returns
  • Submit up to 10 notices at once - instead of managing multiple term deposits
  • Competitive variable interest rates


The Westpac Notice Saver includes the following features that work to increase your returns:

  • Competitive variable interest rates no minimum or maximum investment amount, so every dollar is utilised
  • Interest is calculated daily and paid monthly
  • May be suitable for cash investments within a SMSF depending on the structure of the Self Managed Super Fund (SMSF).

Fees and charges

Monthly service fee $0
Number of free electronic transactions per month (not including Corporate Online channel) Unlimited
Self service electronic deposits through Corporate Online Free
Automated telephone banking transactions (from the Funds at Call portion of the account) Free
Staff assisted withdrawals (from the Funds at Call portion of the account) $5.00
Staff assisted deposit $2.50
Other bank charges may apply - see product disclosure statement for full details  
Corporate Online fees & charges apply if Corporate Online channel is being used  

Be aware

You cannot withdraw funds when they are Funds on Hold or Funds on Notice. In order to access your funds, you must issue a Notice of Withdrawal and wait the relevant notice period. You cannot withdraw funds early or break a notice period, including for hardship reasons. You must submit a Notice of Withdrawal and serve the applicable notice period in order to close the account.


Notice Saver account Funds on Hold Funds on Notice Funds at Call
31 days  2.35% 1.70% 0%
60 days 2.40% 2.00% 0%
90 days 2.45% 2.20% 0%
180 days
Contact your Relationship Manager or Private Banker for further information.

The above rates are not applicable for Financial Institution customers. If you are a Financial Institution please contact your Relationship Manager or Private Banker (as applicable) for details of the interest rates that may apply to your Notice Saver account.

Things you should know

This information applies to accounts opened on or after 8 June 2015. To hold a Westpac Notice Saver account, you must be a wholesale customer making a minimum initial investment of $500,000. You must also hold an eligible Westpac transaction account in the same name or have an existing eligible Westpac joint account with your name in the title. 

No early withdrawals are available for this product, including for reasons of hardship. Funds deposited into this account will automatically be placed in Funds on Hold and can only be accessed once a Notice of Withdrawal has been issued and the relevant notice period has been served. You must submit a Notice of Withdrawal and serve the applicable notice period in order to close the account.

The Westpac Notice Saver is only available to wholesale customers who are a business or personal customers who are aged over 18 years, are residents of Australia and (unless otherwise agreed) are customers of Westpac Commercial Bank or Westpac Private Wealth and have a Relationship Manager or a Private Banker (as applicable).

If you are a Westpac Commercial Bank customer you will need to use Westpac Corporate Online to service this product online. To do this you should read the terms and conditions which apply to Westpac Corporate Online and consider whether the product is appropriate for you before deciding to register for this product.

You should read the Westpac Notice Saver Product Disclosure Statement (PDF 173KB) available through your Relationship Manager or Private Banker before making a decision and consider whether this product is appropriate for you.

This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the Westpac Notice Saver Combined Financial Services Guide and Product Disclosure Statement before deciding.