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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 8 Sept 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
- 1.2%
- 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
- 1.2%
- 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
- 1.2%
- 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
- 1.2%
- 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
- 1.2%
- 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
- $0.00
- 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.