Westpac
Business Premium Cash Reserve
An online savings account designed for those who wish to earn a higher rate of interest on their investments having convenient access to funds via Telephone Banking or Online Banking. The Business Premium Cash Reserve has certain qualifying criteria.
Savings & transaction accountsBank updated 8 Sept 2026
At a glance
- Base rate
- 0.01%
- Monthly fee
- $0
§ 01 — Rates · 6
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | up to $249,999 | 0.01% | — | paid every 1 mo; Min deposit amount |
| Variable | — | — | $1,000,000–$4,999,999 | 1.20% | — | paid every 1 mo; Min deposit amount |
| Variable | — | — | $10,000,001+ | 1.20% | — | paid every 1 mo; Min deposit amount |
| Variable | — | — | $250,000–$499,999 | 1.20% | — | paid every 1 mo; Min deposit amount |
| Variable | — | — | $500,000–$999,999 | 1.20% | — | paid every 1 mo; Min deposit amount |
| Variable | — | — | $5,000,000–$9,999,999 | 1.20% | — | paid every 1 mo; Min deposit amount |
§ 02 — Fees · 9
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Cheques Collected / Deposited | Deposit | $3 | — | Cheques collected or deposited (Additional charge for the branch transaction applies) |
| Self-Service (Electronic) Deposits | Deposit | No fee | — | — |
| Staff-Assisted Deposit | Deposit | $3 | — | — |
| Group Telephone Banking | Event | No fee | — | Unlimited free self-service enquiries |
| Online Banking | Event | No fee | — | Account enquiries are always free when you use Online Banking. |
| Account Keeping Fee | Periodic | No fee | Every 1 mo | — |
| Periodical Payments | Transaction | No fee | — | — |
| Self-Service (Electronic) Withdrawals | Withdrawal | No fee | — | — |
| Staff-Assisted Withdrawal | Withdrawal | No fee | — | These channels are not available, however if these transactions occur for each transaction a $3.00 fee will be incurred. |
§ 03 — Features
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- · Interest Rates Availability : Tiered interest is paid on certain balances.
- · Interest paid monthly
- · Statements : Choice of 3 or 6 monthly statements.
§ 04 — Eligibility & limits
- · Business Customers who hold another Westpac Business transaction account(s) in the same name(s) as the Business Premium Cash Reserve account.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Westpac under the Consumer Data Right, last changed by them on 8 Sept 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.