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Who is Community Solutions Cash Reserve Bonus for?

Not-for-profit organisations looking for a savings account that earns a variable interest rate, and that want access to the funds at any time – but are prepared to make no withdrawals in a month to earn bonus interest.

 


Who can apply?

  • 18+ years old (applicant plus all signatories)
  • Not-for-profit organisations including charities, community and sporting groups, schools, government bodies, and registered political parties
  • Operating in Australia with an Australian address
  • Needs an eligible Westpac transaction account to link to.

 


What you get:

  • A Community Solutions Cash Reserve Bonus savings account where you can make regular deposits to grow savings balances
  • 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 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:
$0
Other fees and charges may apply.