Bank Guarantee Facility Acct
Transaction & Savings AccountsData Sharing Status
The Bank Guarantee Facility Account is an account specifically for the purpose of holding funds for cash security requirements on a Beyond Bank Australia approved Bank Guarantee
- Base rate
- 3.95%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Interest is calculated daily and paid on the last day of each month into your linked Business Transaction Account which must be held under the same membership. | 3.95% | Floating Balance Tier 1 | monthly |
Features
- Digital banking
- Check account balances 24/7 through Internet or Mobile Banking Services. View Only access is permitted only on this Bank Guarantee Facility Account.
- Funds are held in this account and cannot be accessed by the customer whilst the Bank Guarantee remains valid. Upon expiry or cancellation of the Bank Guarantee your funds will be released to your linked Business Transaction Account or Community Account usually within 7 business days.
- Fees are applicable under the terms of the Bank Guarantee. These fees will be disclosed to you as part of your application and terms agreement of the Bank Guarantee.
Eligibility
- Business customersAvailable for Business purposes only. Conditions apply.
- This account can only be obtained by customers who apply for and are approved for a Beyond Bank Australia cash back, Bank Guarantee. A customer is required to hold a Beyond Bank Business Transaction Account or Community Account under the same membership where interest will be paid into by us.
- You must be or become a Beyond Bank Australia member.
- Residency status — Australian CitizenMust be an Australian Citizen, permanent Australian resident or hold a visa. The term of the visa must exceed the term of the guarantee.
Constraints
- Maximum balance — $10,000,000.00Any balance in this account that exceeds the approved Bank Guarantee amount will be transferred to the customers linked Business Transaction Account or Community Account. The amount held in this account must be the equivalent value of the issued Bank Guarantee.
- Minimum limit — $0.00The amount held in this Bank Guarantee Facility Account must be the equivalent value of the issued Bank Guarantee.
More Information
Published by Beyond Bank Australia under the Consumer Data Right · Last updated 18 May 2026 · Product ID 82 · View on CDR.gov.au