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 28 Oct 2026

Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate: 0.01%
Monthly fee: $0

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

Typical 0.55%

0%0.5%1%1.5%2%2.5%3%3.5%4%to 5.4%

This account: 0.01%Every other institution's highest, 33 in all

Each institution's best interest-paying business account, base plus any bonus. One dot per institution, at its highest business savings rate anyone can apply for; hover or tap a dot for its name.

Rate	This account	Best anywhere	Typical institution	Where it sits
Business savings accountEach institution's best interest-paying business account, base plus any bonus	0.01%	5.40%Great Southern Bank Business+'s Business+ Saver	0.55%of 34 institutions	23rd highest of 34, level with 11 others

Rates

Every rate Westpac publishes for this account, 6 in all.

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	1.30%	-	paid every 1 mo; Min deposit amount
Variable	-	-	$10,000,001+	1.30%	-	paid every 1 mo; Min deposit amount
Variable	-	-	$250,000–$499,999	1.30%	-	paid every 1 mo; Min deposit amount
Variable	-	-	$500,000–$999,999	1.30%	-	paid every 1 mo; Min deposit amount
Variable	-	-	$5,000,000–$9,999,999	1.30%	-	paid every 1 mo; Min deposit amount

Rate changes

5 changes logged, newest first.

Date	Rate	Was	Now	Change
11 Oct 2026	Variable, $1,000,000–$4,999,999	1.20%	1.30%	up 0.10
11 Oct 2026	Variable, $10,000,001+	1.20%	1.30%	up 0.10
11 Oct 2026	Variable, $250,000–$499,999	1.20%	1.30%	up 0.10
11 Oct 2026	Variable, $500,000–$999,999	1.20%	1.30%	up 0.10
11 Oct 2026	Variable, $5,000,000–$9,999,999	1.20%	1.30%	up 0.10

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

9 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)
$3
Self-Service (Electronic) Deposits
No fee
Staff-Assisted Deposit
$3
Periodical Payments
No fee
Self-Service (Electronic) Withdrawals
No fee
Staff-Assisted Withdrawal
These channels are not available, however if these transactions occur for each transaction a $3.00 fee will be incurred.
$3

When particular things happen2

Group Telephone Banking
Unlimited free self-service enquiries
No fee
Online Banking
Account enquiries are always free when you use Online Banking.
No fee

Features

Fraud protectionRelationship manager

Interest Rates Availability: Tiered interest is paid on certain balances.
Interest paid monthly
Statements: Choice of 3 or 6 monthly statements.

Eligibility and limits

Business Customers who hold another Westpac Business transaction account(s) in the same name(s) as the Business Premium Cash Reserve account.

Compare it with others

All savings & transaction accounts Other Westpac savings & transaction accounts Everything Westpac publishes

Put this product through a calculator

Published by Westpac under the Consumer Data Right, last changed by them on 28 Oct 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.