Business Cash Reserve Savings
Transaction & Savings AccountsData Sharing Status
Earn interest on your collected GST and access your funds anytime you need them with our most popular business online savings account
- Base rate
- 1.3%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.45% | $0–$4,999 | monthly |
| Variable | 0.45% | $5,000–$9,999 | monthly |
| Variable | 0.45% | $10,000–$24,999 | monthly |
| Variable | 0.45% | $25,000–$49,999 | monthly |
| Variable | 0.6% | $50,000–$249,999 | monthly |
| Variable | 1.15% | $250,000–$499,999 | monthly |
| Variable | 1.15% | $500,000–$999,999 | monthly |
| Variable | 1.3% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee Charged monthly | Ongoing | $0.00 |
| Overdrawn Fee $15.00 per occurrence | Event | $15.00 |
| Self-Service (Electronic) Withdrawals Nil for withdrawals from the account to a Westpac Business account held in the same name(s) as the account. Otherwise, such withdrawal will incur $5.00 fee per withdrawal. | Withdrawal | $0.00 |
| Self-Service (Electronic) Deposits | Deposit | $0.00 |
| Cheques Collected / Deposited Cheques collected or deposited (Additional charge for the branch transaction applies) | Transaction | $3.00 |
| Staff-Assisted Withdrawal These transactions are not available, however if they occur, a $3.00 fee will be charged for each transaction. | Withdrawal | $3.00 |
| Staff-Assisted Deposit | Deposit |
Features
- Unlimited transactions
- Unlimited transfers between other Westpac Business accounts held by customer in the same name(s) as the Westpac Business Cash Reserve account, using Business Online Banking or automated Group Telephone Banking only
- No account-keeping fees: Earn interest on your surplus funds, noting that zero interest rates may apply from time to time.
- $0 linked account transfers: Move cash to and from your Westpac transaction account via Online Banking or the Westpac App.
- Access your money 24/7: Get access to your savings at anytime, anywhere. Access to funds subject to system availability.
- Bucket your savings: Create multiple accounts for expenses like GST and tax to avoid a cash flow crunch when payments are due
- Digital banking
- Tiered interest is paid on certain balances
Eligibility
- Minimum age — 18 yearsApplicant plus all signatories
- Residency status — Operating in Australia with an Australian address
- Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations
- Must not be an individual using the account for predominantly personal purposes
- Needs an eligible Westpac business transaction account to link to.
More Information
Published by Westpac under the Consumer Data Right · Last updated 15 May 2026 · Product ID SavBusCashRes · View on CDR.gov.au