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Business savings accounts rates

Business Cash Reserve

Interest is calculated daily and paid monthly. Rates are current as at 17th October 2017 and are subject to change at any time. They are tiered according to balance.

 

 

Amount Variable base rate p.a.
$0 - $9,999 0.01%
$10,000 - $19,999 0.50%
$20,000 - $49,999 0.50%
$50,000 - $99,999 0.50%
$100,000 - $249,999 0.50%
$250,000 - $499,999 0.50%
$500,000+ 0.50%

Business Cash Reserve Bonus

Interest is calculated daily and paid monthly. Rates are current as at 20th July 2017 and are subject to change at any time. They are tiered according to balance.

 

Variable interest rates (p.a.)


Amount Interest rate with bonus Interest rate without bonus
$0 - $9,999 0.01% 0.01%
$10,000 - $19,999 1.05% 0.01%
$20,000 - $49,999 1.05% 0.01%
$50,000 - $99,999 1.05% 0.01%
$100,000 - $249,999 1.05% 0.01%
$250,000 - $499,999 1.05% 0.01%
$500,000+ 1.05% 0.01%

Business Flexi  

Interest is calculated daily and paid monthly on certain balances. Rates are current as at 17th October 2017 and may be changed at any time.

 

Variable interest rates (% p.a.) - Business Flexi

Amount Rate
$0 - $9,999 0.01%
$10,000 - $19,999 0.01%
$20,000 - $49,999 0.01%
$50,000 - $99,999 0.10%
$100,000 - $249,999 0.30%
$250,000 - $499,999 0.40%
$500,000+ 0.40%

 

Variable interest rates (% p.a.) - Bank Undertaking Security Deposit

Amount Rate
$0 - $9,999 0.05%
$10,000 - $19,999 0.05%
$20,000 - $49,999 0.05%
$50,000 - $99,999 0.10%
$100,000 - $249,999 0.40%
$250,000 - $499,999 0.60%
$500,000+ 0.60%

Business Term Deposit

Rates shown for a term, e.g. month(s) or year(s) apply up to the start of the next term shown.

 

Interest paid at maturity or annually
Term $5,000 <$10,000 $10,000 <$20,000 $20,000 <$50,000 $50,000 <$100,000 $100,000 <$250,000 $250,000 <$25,000,000
1 < 2 months 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
2 < 3 months 1.70% 1.70% 1.70% 1.70% 1.70% 1.70%
3 < 4 months 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
4 < 5 months 1.85% 1.85% 1.85% 1.85% 1.85% 1.85%
5 < 6 months 1.85% 1.85% 1.85% 1.85% 1.85% 1.85%
6 < 7 months 2.05% 2.05% 2.05% 2.05% 2.05% 2.00%
7 < 8 months 1.90% 1.90% 1.90% 1.90% 1.90% 1.90%
8 < 9 months 1.90% 1.90% 1.90% 1.90% 1.90% 1.90%
9 < 10 months 1.90% 1.90% 1.90% 1.90% 1.90% 1.90%
10 < 11 months 1.90% 1.90% 1.90% 1.90% 1.90% 1.90%
11 < 12 months 1.90% 1.90% 1.90% 1.90% 1.90% 1.90%
12 < 24 months 2.30% 2.30% 2.30% 2.30% 2.30% 2.00%
24 < 36 months 2.40% 2.40% 2.40% 2.40% 2.40% 2.40%
36 < 48 months 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%
48 < 60 months 2.60% 2.60% 2.60% 2.60% 2.60% 2.50%
60  months 2.80% 2.80% 2.80% 2.80% 2.80% 2.50%

 

Interest paid monthly
Term $5,000 <$10,000 $10,000 <$20,000 $20,000 <$50,000 $50,000 <$100,000 $100,000 <$250,000 $250,000 <$25,000,000
1  < 2 months 1.45% 1.45% 1.45% 1.45% 1.45% 1.45%
2 < 3 months 1.65% 1.65% 1.65% 1.65% 1.65% 1.65%
3 < 4 months 1.95% 1.95% 1.95% 1.95% 1.95% 1.95%
4 < 5 months 1.80% 1.80% 1.80% 1.80% 1.80% 1.80%
5 < 6 months 1.80% 1.80% 1.80% 1.80% 1.80% 1.80%
6 < 7 months 2.00% 2.00% 2.00% 2.00% 2.00% 1.95%
7 < 8 months 1.85% 1.85% 1.85% 1.85% 1.85% 1.85%
8 < 9 months 1.85% 1.85% 1.85% 1.85% 1.85% 1.85%
9 < 10 months 1.85% 1.85% 1.85% 1.85% 1.85% 1.85%
10 < 11 months 1.85% 1.85% 1.85% 1.85% 1.85% 1.85%
11 < 12 months 1.85% 1.85% 1.85% 1.85% 1.85% 1.85%
12 < 24 months 2.25% 2.25% 2.25% 2.25% 2.25% 1.95%
24 < 36 months 2.35% 2.35% 2.35% 2.35% 2.35% 2.35%
36 < 48 months 2.45% 2.45% 2.45% 2.45% 2.45% 2.45%
48 < 60 months 2.55% 2.55% 2.55% 2.55% 2.55% 2.45%
60 months 2.75% 2.75% 2.75% 2.75% 2.75% 2.45%

For rates on other balances, terms and interest payment frequencies please call 132 142 (8am-8pm, 7 days a week).

 

Our current term deposit rates are shown above. Look out for our latest special rates marked in red. You should note that:

  •  Information is current as at  9th October 2017
  • Rates for new or renewal term deposits are subject to change at any time. However, once a term deposit account is opened the rate applicable to the account will not change unless the deposit or any part of it is repaid early
  • Special rates are not available in conjunction with any bonus interest or other special rates offered by the bank.

 

Interest options are:

  • Interest paid at maturity is available for terms of 12 months or less
  • Interest paid monthly is available for terms of 1 to 60 months (inclusive)
  • Interest paid annually is available for terms of greater than 12 months (for terms not equalling an exact year, the remaining interest is paid at the end of the term).

 

Manage your Term Deposit online:

  • Westpac Live allows you to manage your eligible Term Deposits online during the Six Business Day Variation Period.

 

If some or all your business term deposit is repaid early:

  • In most cases an interest rate adjustment will apply
  • We reserve the right to vary the interest rate adjustment at any time
  • If interim interest has been paid and the Term Deposit is repaid before maturity, we reserve the right to recover repayment of this interest
  • No interest will be paid if the Term Deposit is repaid within the first 7 days of a Term.

The interest rate adjustment will not apply where a term deposit is repaid prior to maturity due to the death of the depositor.

 

Call us on 132 142 or visit a branch:

  • To invest amounts over $250,000
  • If you want to open a term deposit for a term other than those shown above

How much can I earn?

Our term deposit calculator can help you estimate how much interest you'll earn.