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As Australia's first bank, Westpac has been serving customers since 1817. Westpac merged with St.George to create Australia's largest financial services company, and customers can enjoy from peace of mind from having the security offered by a major bank behind them. Check out Westpac's range of banking products such as savings accounts, home loans, personal loans, credit cards and other financial services such as its car and home and contents insurance.
Last updated 15 December 2024
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Important disclosures
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Westpac small business savings accounts
Business Cash Reserve
Maximum rate
2.05
%
p.a.
(for $0 to $30,000)
Bonus rate for the first 12 months from account opening
Standard interest rate
0.01
%
p.a.
(for $0 to $10,000)
No Partner link
Standard rate
Balances from $0: 0.01% p.a. Balances from $10,000: 1.15% p.a.
Maximum rate
Balances from $0: 2.05% p.a. Balances from $30,000: 1.15% p.a.
Maximum rate conditions
Bonus rate for the first 12 months from account opening
Interest paid
Monthly
Account fee per month
$0.00
Access
Branch access, Phone banking, Internet banking
Minimum balance
$0.00
Other restrictions
Need to link to a Westpac business transaction account. Branch access limited to Cheque/Cash Deposits - both incurring $2.50 fee.
Other benefits
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Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
Disclaimer
Who we are and how we get paid
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
