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Westpac / Transaction & savings
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.
Updated 13 Oct 2026Individually tailored product
- Deposit rate type
- Variable
- Rate
- 0.01%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 0 to 249999
- Unit of measure
- Dollar
- Minimum value
- $0.00
- Maximum value
- $249,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Min deposit amount
- Additional value
- 0.00
- Deposit rate type
- Variable
- Rate
- 1.3%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 250000 to 499999
- Unit of measure
- Dollar
- Minimum value
- $250,000.00
- Maximum value
- $499,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Min deposit amount
- Additional value
- 0.00
- Deposit rate type
- Variable
- Rate
- 1.3%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 500000 to 999999
- Unit of measure
- Dollar
- Minimum value
- $500,000.00
- Maximum value
- $999,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Min deposit amount
- Additional value
- 0.00
- Deposit rate type
- Variable
- Rate
- 1.3%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 1000000 to 4999999
- Unit of measure
- Dollar
- Minimum value
- $1,000,000.00
- Maximum value
- $4,999,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Min deposit amount
- Additional value
- 0.00
- Deposit rate type
- Variable
- Rate
- 1.3%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 5000000 to 9999999
- Unit of measure
- Dollar
- Minimum value
- $5,000,000.00
- Maximum value
- $9,999,999.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Min deposit amount
- Additional value
- 0.00
- Deposit rate type
- Variable
- Rate
- 1.3%
- Calculation frequency
- 1 day
- Application type
- Periodic
- Application frequency
- 1 month
- Tiers
- Name
- 10000000+
- Unit of measure
- Dollar
- Minimum value
- $10,000,001.00
- Rate application method
- Whole balance
- Applicability conditions
- Rate applicability type
- Min deposit amount
- Additional value
- 10000000.00
No lending rates were provided.
- Name
- Account Keeping Fee
- Fee type
- Periodic
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Additional value
- 1 month
- Name
- Group Telephone Banking
- Fee type
- Event
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Additional info
- Unlimited free self-service enquiries
- Name
- Cheques Collected / Deposited
- Fee type
- Deposit
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $3.00
- Additional info
- Cheques collected or deposited (Additional charge for the branch transaction applies)
- Name
- Self-Service (Electronic) Withdrawals
- Fee type
- Withdrawal
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Name
- Self-Service (Electronic) Deposits
- Fee type
- Deposit
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Name
- Staff-Assisted Withdrawal
- Fee type
- Withdrawal
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $3.00
- Additional info
- These channels are not available, however if these transactions occur for each transaction a $3.00 fee will be incurred.
- Name
- Staff-Assisted Deposit
- Fee type
- Deposit
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $3.00
- Name
- Online Banking
- Fee type
- Event
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Additional info
- Account enquiries are always free when you use Online Banking.
- Name
- Periodical Payments
- Fee type
- Transaction
- Fee method utype
- fixedAmount
- Fixed amount
- Amount
- $0.00
- Feature type
- Other
- Additional info
- Interest Rates Availability : Tiered interest is paid on certain balances.
- Feature type
- Other
- Additional info
- Interest paid monthly
- Feature type
- Other
- Additional info
- Statements : Choice of 3 or 6 monthly statements.
- Feature type
- Fraud protection
- Additional info
- The product includes limited fraud protection features.
- Feature type
- Relationship management
- Additional info
- Relationship management is available for eligible customers.
- Eligibility type
- Other
- Additional info
- Business Customers who hold another Westpac Business transaction account(s) in the same name(s) as the Business Premium Cash Reserve account.
No limits & conditions were provided.
No bundles were provided.
From the bank
No application link was provided. Contact the bank to ask about this product.