Business Online Saver.
Earn a flat interest rate on money you put aside for GST, income tax or other purpose.
- No monthly account maintenance or transaction fees.1
- Earn a flat interest rate on any account balance in credit.
- No minimum balance.
Business Online Saver features.
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.
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 withdrawls at an ATM, but you can check your balance or transfer funds.
The above rates are not available to financial institutions.
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.