The Finance Algorithm
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Community Solutions Cash Reserve

Earn interest on your surplus funds and access your funds anytime you need them.

Savings & transaction accountsBank updated 4 Nov 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
0.55%
Monthly fee
$0

Rates

Every rate Westpac publishes for this account, 8 in all.

TypeApplies toTermBandRateComparisonConditions
Variable--up to $4,9990.55%-paid every 1 mo; Min deposit amount
Variable--$10,000–$24,9990.55%-paid every 1 mo; Min deposit amount
Variable--$1,000,001+1.45%-paid every 1 mo; Min deposit amount
Variable--$25,000–$49,9990.55%-paid every 1 mo; Min deposit amount
Variable--$250,000–$499,9991.30%-paid every 1 mo; Min deposit amount
Variable--$5,000–$9,9990.55%-paid every 1 mo; Min deposit amount
Variable--$50,000–$249,9990.75%-paid every 1 mo; Min deposit amount
Variable--$500,000–$999,9991.30%-paid every 1 mo; Min deposit amount

Rate changes

8 changes logged, newest first.

DateRateWasNowChange
11 Oct 2026Variable, up to $4,9990.45%0.55%up 0.10
11 Oct 2026Variable, $10,000–$24,9990.45%0.55%up 0.10
11 Oct 2026Variable, $1,000,001+1.30%1.45%up 0.15
11 Oct 2026Variable, $25,000–$49,9990.45%0.55%up 0.10
11 Oct 2026Variable, $250,000–$499,9991.15%1.30%up 0.15
11 Oct 2026Variable, $5,000–$9,9990.45%0.55%up 0.10
11 Oct 2026Variable, $50,000–$249,9990.60%0.75%up 0.15
11 Oct 2026Variable, $500,000–$999,9991.15%1.30%up 0.15

Each change is logged the night it appears in the rates Westpac publishes. See how every lender answered the RBA on the rate tracker.

Fees

10 fees published, grouped by when they're charged.

While you hold it1

  • Account Keeping Fee
    No fee

When you make a transaction6

  • Cheques Collected / Deposited

    Cheques collected or deposited (Additional charge for the branch transaction applies)

    No fee
  • Self-Service (Electronic) Deposits
    No fee
  • Staff-Assisted Deposit
    No fee
  • Periodical Payments
    No fee
  • Self-Service (Electronic) Withdrawals
    No fee
  • Staff-Assisted Withdrawal

    These transactions are not available, however if they occur, a $3.00 fee will be charged for each transaction.

    $3

When particular things happen3

  • Online Banking

    Account enquiries are always free when you use Online Banking.

    No fee
  • Overdrawn Fee

    $15.00 per occurrence

    $15
  • Telephone Banking

    Unlimited free self-service enquiries

    No fee

Features

Digital bankingFraud protection
  • No account-keeping fees
  • No fees to move cash to and from your Westpac transaction account through Online Banking and the Westpac App
  • Regularly deposit funds to grow savings balance
  • Earn interest on your surplus funds, noting that zero interest rates may apply from time to time
  • Get access to your savings at any time
  • No minimum balance needed
  • Tiered interest is paid on certain balances
  • Interest is paid on a monthly basis.
  • You will be provided regular statements for the account and you have a choice of 3 or 6 monthly statements.
  • Unlimited free self-service enquiries.
  • Account enquiries are always free when you use Online Banking

Eligibility and limits

  • Minimum age 18
  • Residency: Operating in Australia with an Australian address
  • Available to businesses
  • Needs an eligible Westpac business transaction account to link to.

Published by Westpac under the Consumer Data Right, last changed by them on 4 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.