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No minimum balance needed

Earn interest on the very first dollar you deposit, right up to a variable rate of 0.05% p.a. on balances of $10,000 or more.

Paper-free statements

Opt for eco-friendly eStatements and access up to seven years of transactions without the clutter.

How it works

To operate your high interest Cash Reserve account for NFPs, 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 Business Online Banking or automated Business Telephone Banking.


Interest is calculated daily and paid monthly. Rates are current as at 17th March 2020 and are subject to change at any time. They are tiered according to balance.

Variable interest rates (p.a.)

Amount Variable base rates p.a.
$0 - $9,999 0.05%
$10,000 - $19,999 0.05%
$20,000 - $49,999 0.05%
$50,000 - $99,999 0.05%
$100,000 - $249,999 0.05%
$250,000 - $499,999 0.05%
$500,000+ 0.05%
Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 489KB)

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

  1. 24/7 access is subject to system availability.
  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.

Narrated credits

Branch transactions using a serial number encoded deposit slip enabling you to identify the deposit from the serial number used.
Overseas ATM cash withdrawal surcharges.
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

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