Business banking Tools, rates & fees

Business overdraft, savings & transaction accounts interest rates.

Interest rates are subject to change. Some other service fees may apply from time to time, including overdrawn or Line of Credit charges.

Business Interest account.

Interest is calculated daily on the full credit balance and paid (less resident withholding tax) on the last day of each month.

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 day of each month.

Business Online Saver account.

Interest is calculated daily on the full credit balance and paid (less resident withholding tax) on the last day of each month.

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.

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.

Non-Profit Organisation account.

Interest is calculated daily on the full credit balance and paid (less resident withholding tax) on the last day of each month.

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 day of each month.

Business overdraft.

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

  • The interest rate for Westpac business overdrafts depends on your individual circumstances and the amount of your overdraft limit. We can confirm your overdraft interest rate at the time you apply
  • If you go over your arranged limit, we will not be charging you an excess interest rate. A lack of an excess interest rate is not an approval for you to exceed your overdraft facility limit and you should contact us if you wish to increase your limit
  • If you become overdrawn without an arranged limit, the interest rate charged on the overdrawn amount is 19.95% p.a. (calculated on a daily basis). An unarranged overdraft fee of $9 per month will also be charged.

Find out about business overdrafts here and all relevant fees and charges fees and charges here.

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

Things you should know.

You can get a copy of the current disclosure statement for Westpac New Zealand Limited, a copy of any applicable investment statement or term sheet for your investment, and full details of the terms and conditions from any Westpac branch in New Zealand free of charge. Take a look at our Business Transaction and Service Fees brochure.

Business Lending products are only available for business and/or investment purposes and not for personal, domestic or household purposes.