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

  • No account-keeping fee (formerly known as monthly service fee)
  • Earn bonus interest on balances of $10,000 or more by making no withdrawals in a month - interest is calculated daily and paid monthly
  • 24/7 access1 to your account through Westpac Online, Mobile & Tablet Banking or Business Telephone Banking
  • 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 Bonus 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

Interest is calculated daily and paid monthly2. Rates are current as at 22nd January 2021 and are subject to change at any time. They are tiered according to balance.

Variable interest rates (p.a.)

Balance Interest rate
with bonus
Interest rate
without bonus
$0 - $9,999 0.01% 0.01%  
$10,000 - $19,999 0.02% 0.01%
$20,000 - $49,999 0.02% 0.01%
$50,000 - $99,999 0.02% 0.01%
$100,000 - $249,999 0.02% 0.01%
$250,000 - $499,999 0.02% 0.01%
$500,000+ 0.02% 0.01%
Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 525KB)


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

1. 24/7 access is subject to system availability.
2.Zero interest rates may apply, and then you will receive no interest on your account balance. References to interest being paid should be read accordingly.

Narrated credits
Branch transactions using a serial number encoded deposit slip enabling you to identify the deposit from the serial number used.

Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.

Bonus interest is paid upon customer not making any withdrawals 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 or after the last business day of the month will not be included in the interest calculation and interest rate applicable for that month, but in the interest calculation and interest rate applicable for the following month. See terms and conditions for further information.

Online Banking Terms and Conditions

Find out what information you need to provide to become a customer