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No minimum balance needed

Earn interest on the very first dollar you deposit, right up to a variable rate of 0.01% 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 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.)

Amount Variable base rates p.a.
$0 - $9,999 0.01%
$10,000 - $19,999 0.01%
$20,000 - $49,999 0.01%
$50,000 - $99,999 0.01%
$100,000 - $249,999 0.01%
$250,000 - $499,999 0.01%
$500,000+ 0.01%
Things you should know

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

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. 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.
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