Business Premium Cash Reserve
An online savings account designed for those who wish to earn a higher rate of interest on their investments having convenient access to funds via Telephone Banking or Online Banking. The Business Premium Cash Reserve has certain qualifying criteria.
- Base rate
- 1.2%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | $0–$249,999 | monthly |
| Variable | 1.2% | $250,000–$499,999 | monthly |
| Variable | 1.2% | $500,000–$999,999 | monthly |
| Variable | 1.2% | $1,000,000–$4,999,999 | monthly |
| Variable | 1.2% | $5,000,000–$9,999,999 | monthly |
| Variable | 1.2% | $10,000,001+ | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee Charged monthly | Ongoing | $0.00 |
| Group Telephone Banking Unlimited free self-service enquiries | Event | $0.00 |
| Cheques Collected / Deposited Cheques collected or deposited (Additional charge for the branch transaction applies) | Deposit | $3.00 |
| 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 Self-service (electronic) withdrawals - transfers between other Westpac business accounts by Business Online Banking or automated Group Telephone Banking | Deposit | $0.00 |
| Staff-Assisted Withdrawal These channels are not available, however if these transactions occur for each transaction a $5.00 fee will be incurred. | Withdrawal | $3.00 |
Features
- Interest Rates Availability : Tiered interest is paid on certain balances.
- Interest paid monthly or half-yearly
- Statements : Choice of 3 or 6 monthly statements.
- Fraud protection
- The product includes limited fraud protection features.
- Relationship management
- Relationship management is available for eligible customers.
Eligibility
- Business Customers who hold another Westpac Business transaction account(s) in the same name(s) as the Business Premium Cash Reserve account.
More Information
Published by Westpac under the Consumer Data Right · Last updated 1 July 2026 · Product ID TrBusPremiumCashReserve · View on CDR.gov.au