Benefits.

  • No monthly account maintenance or transaction fees1.
  • Earn a flat interest rate on any account balance in credit.
  • No minimum balance.

Business Online Saver features.

24/7 access

Bank anywhere, anytime with Business Online or Westpac One® online banking, or use one of our Smart ATMs. 

Earn daily interest

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.

Easy transfers and deposits

You can transfer funds using Business Online, Westpac One or ATMs. Depositing money regularly from another account? Set up an automatic payment or Sweep Over.

Instant withdraws

Transfer funds to your business transaction account and get immediate access.

How it works.

To open a Business Online Saver account you need:  

  • A Westpac business transaction account  
  • Online access to your account (through Westpac One online banking, Business Online banking, Corporate Online or DeskBank). 

Any transfers from your Business Online Saver must go directly to your business transaction account. You can't make cash withdrawals at an ATM, but you can check your balance or transfer funds.  

Interest rates.

The above rates are not available to financial institutions.

Fees.

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.

Things you should know.

Some other service fees may apply from time to time, including overdrawn or Line of Credit charges. See the Business Transaction and Service Fees brochure for more details. 

Interest rates and fees are subject to change without notice.