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Invest at a fixed interest rate for higher returns


Business Term Deposit

  • Get the certainty of a fixed interest rate plus a choice of term lengths
  • Open or renew term deposits online in minutes, if you're an existing customer
  • Skip a trip to the branch by checking for discretionary rates in Online Banking1
  • No set up, Account-Keeping (formerly known as Monthly Service fee) or management fees (other fees may apply)
  • Can be used as security for a loan or bank guarantee
  • Help reduce the time you spend on accounting tasks by connecting your Bank Feed.​
  • Earn a variable rate tiered
Image of a shop owner who has funds in a business savings account.

Get instant access to your business savings


Business Cash Reserve

  • Earn interest and pay no account-keeping fees (formerly known as monthly service fees)
  • Put collected GST to work while awaiting tax time
  • Get 24/7 online access to your business funds
  • Receive a variable interest rate on all balances
  • Help reduce the time you spend on accounting tasks by connecting your Bank Feed.​
Image of business owners checking their business savings account statement.

Leave your business savings alone for a bonus


Business Cash Reserve Bonus

  • Save for future needs and pay no account-keeping fees (formerly known as monthly service fees)
  • Earn interest on collected GST while awaiting tax time
  • Get 24/7 online access to your business funds
  • Receive a bonus interest rate when no withdrawals are made in a month3
  • Help reduce the time you spend on accounting tasks by connecting your Bank Feed.​

 

Apply online, then complete an in-branch ID check to access funds.

Skip the trip to the bank

It’s now quick and easy to open, manage and renew deposits online.

Save time, apply for or renew your FMD online

Skip the trip to a branch. Open or renew a Farm Management Deposit account in Online Banking.

T&Cs apply. Learn more

Frequently asked questions

Some Westpac business savings accounts can be opened online – but you will need a Westpac transaction account to link it to (which you can open at the same time).

Things you should know

 

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 disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement and consider whether the product or service is right for you.
  1. Discretionary interest rates may only be available through Westpac Online Banking.
  2. 24/7 access is subject to system availability.
  3. Bonus interest is paid when no withdrawals are made 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 those days, will not be included in the interest calculation and interest rate applicable for that month. They will be included in the calculations (using the applicable interest rate) for the following month. See terms and conditions for further information.