Business savings accounts

Be prepared, save for business payments like quarterly BAS while earning interest on your cash.
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Invest your surplus funds in a term deposit and get higher returns


Business Term Deposit

  • Get the certainty of a fixed interest rate and a choice of different terms
  • Existing customers can open or renew a term deposit via Online Banking in minutes
  • Save yourself a trip to the branch and find out if you are eligible for discretionary rates in Online Banking1
  • No set up, monthly service or management fees (other fees may apply)
  • Earn a variable rate tiered
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Get regular access to your savings


Business Cash Reserve

  • Save with no monthly service fees.
  • Helps you manage your cash flow by putting aside money for GST and tax payments.
  • Earn interest on your collected GST with 24/7 online access to your funds when you need them.
  • Earn a variable rate tiered interest on all balances.


 

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Leaving your savings alone for a bonus


Business Cash Reserve Bonus

  • Save with no monthly service fees
  • Earn interest on your collected GST with 24/7 online access to your funds when you need them
  • Reward yourself with bonus interest rate when no withdrawals are made in a month.
  • Earn a variable rate tiered interest on all balances


 

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Want to renew your Term Deposit online?

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You may be eligible for a special rate when you renew your Term Deposit online.
 

To find out, you will need to:

  • Sign in to online banking
  • Go to Services & preferences and select Manage Term Deposit under Account services

 

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Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 384KB)

Online Banking Terms and Conditions

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

  1. Any discretionary rates offered above may only be available through Westpac Live Online Banking.
  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.