Business overdraft, savings & transaction accounts interest rates

Interest rates are current as at 30 September 2016 and are subject to change without notice. Some other service fees may apply from time to time, including overdrawn or Line of Credit charges.

Transaction accounts

Business Interest Account - Interest rates
Interest is calculated daily, and paid on the last business day of each month (less resident withholding tax).
Balance Rate
Balance less than $20,000
0.20% p.a.
Balance between $20,000 and $49,999 0.20% p.a.
Balance between $50,000 and $99,999 0.20% p.a.
Balance between $100,000 and $249,999 0.20% p.a.
Balance between $250,000 and $499,999 0.20% p.a.
Balance $500,000 and over 0.20% p.a.

Find out about the Business Interest Account here.

You can get a copy of the current disclosure statement for Westpac New Zealand Limited from any Westpac branch in New Zealand free of charge. Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand. Interest is calculated on your daily balance, and is paid (less withholding tax) into your account on the last business day of each month.

Savings accounts

Business Online Saver - Interest rates
Interest is calculated daily on the full credit balance and paid (less resident withholding tax) into your Business Online Saver account on the last business day each month.
BalanceRate
All balances 0.50% p.a.

Note: To operate the Business Online Saver account, you must hold a Westpac business transaction account. Any transfers from your Business Online Saver account are to be made directly to your business transaction account, and be able to access your account online via Internet Online Banking, Business Online banking, Corporate Online or DeskBank. ATM access is for balance enquiry and funds transfers only – no cash withdrawals can be made. These fees relate to Business Online Saver only. If fees apply to the account which money is being transferred to or from, standard fees will apply.

Find out more about the Business Online Saver Account here.

You can get a copy of the current disclosure statement for Westpac New Zealand Limited from any Westpac branch in New Zealand free of charge. Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand. Interest is calculated on your daily balance, and is paid (less withholding tax) into your account on the last business day of each month.

Overdrafts

Business overdraft interest rates

Westpac overdrafts have a base rate of interest plus a customer margin. The customer margin depends on your individual circumstances, and the amount of your overdraft limit. We can confirm your overdraft interest rate at the time you apply.

Should you become overdrawn without an arranged limit, the interest rate charged is currently 26.95% p.a.

Find out about business overdrafts here.

All overdrafts are subject to application and usual Westpac lending criteria.