---
title: "Business Premium Cash Reserve — Westpac"
description: "Transaction & Savings Accounts from Westpac. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/westpac/products/TrBusPremiumCashReserve
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-31T02:10:21Z
---

# Business Premium Cash Reserve — Westpac

> Transaction & Savings Accounts from Westpac. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

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.

## At a glance

- **Base rate:** 1.2%

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable (Minimum deposit amount) | 0.01% | 0 to 249999 | monthly |
| Variable (Minimum deposit amount) | 1.2% | 250000 to 499999 | monthly |
| Variable (Minimum deposit amount) | 1.2% | 500000 to 999999 | monthly |
| Variable (Minimum deposit amount) | 1.2% | 1000000 to 4999999 | monthly |
| Variable (Minimum deposit amount) | 1.2% | 5000000 to 9999999 | monthly |
| Variable (Minimum deposit amount) | 1.2% | 10000000+ | 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 |
| Staff-Assisted Deposit | Deposit | $3.00 |
| Online Banking — Account enquiries are always free when you use Online Banking. | Event | $0.00 |
| Periodical Payments | Transaction | $0.00 |

## Features

- **Interest Rates Availability : Tiered interest is paid on certain balances.**
- **Interest paid monthly**
- **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 from Westpac

- [Overview](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/bb/deposit-accts-bus-customers-tandc.pdf)
- [Terms & conditions](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/bb/deposit-accts-bus-customers-tandc.pdf)
- [Eligibility](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/bb/deposit-accts-bus-customers-tandc.pdf)
- [Fees & pricing](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/bb/deposit-accts-bus-customers-tandc.pdf)

## Data provenance

- Published by Westpac under the Consumer Data Right
- Product ID: `TrBusPremiumCashReserve`
- Last updated by the provider: 31 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/TrBusPremiumCashReserve
- Provider page: https://www.cdrcompare.au/brands/westpac
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000002

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/westpac/products/TrBusPremiumCashReserve) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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