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Who is Business Cash Reserve for?

Customers looking for a savings account that earns a variable interest rate, and who want access to the funds at any time.


Who can apply online?

  • 18+ years old (applicant plus all signatories)
  • Sole trader or 1-director company, or already a Westpac business customer
  • Operating in Australia with an Australian address
  • Needs an eligible Westpac business transaction account to link to.

If you’re not eligible to apply online, open an account at any branch.


What you get:

  • A Business Cash Reserve savings account where your deposited funds can grow, or be separated from other accounts
  • Earn interest on balances, paid monthly
  • Access to funds at any time through Online Banking and the Westpac App.

What you don't get:

  • The ability to make payments directly from the account. You’ll need to transfer funds via your Westpac business transaction account
  • Interest paid if interest rates fall to zero or below
  • A cheque book.


Important numbers:

Account-keeping fee: $0
Transfers to and from linked Westpac account: $0
Account enquiries in Online Banking and the Westpac App:
Other fees and charges may apply.