Westpac Business Cash Reserve Review, Rates & Information | finder.com.au

Westpac Business Cash Reserve

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Earn competitive interest on balances of $0 and more, and get free access to online and phone banking.

The Westpac Business Cash Reserve account gives businesses the ability to earn interest without locking their funds, and balances of $0 or more earn a competitive variable interest rate.

0.01% p.a.

Maximum variable rate


Base interest rate

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Product NameWestpac Business Cash Reserve
Maximum Variable Rate0.01% p.a.
Standard Variable Rate0.01%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Expert review


Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

If you wish to apply for this account, you’ll also need to have a linked Westpac business transaction account.

Key features

Monthly fees

This account does not attract any ongoing monthly service fees.

Other fees

Cheques collected or deposited attract a fee of $2.50 per cheque. You have to pay $2.50 for every staff assisted deposit, and $2.50 for every staff assisted withdrawal and narrated credit.

How to apply

You can apply for this business account by visiting any Westpac branch, you can apply online, and you can initiate the process over the phone. To apply for the Cash Reserve account, you'll also have to open one of the following accounts.

  • Business One transaction account - low plan
  • Business One transaction account - high plan
  • Business Flexi account


Applying requires that you meet certain eligibility criteria, which include the following.

  • You are over 18 years of age
  • You have an Australian residential address

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    Default Gravatar
    August 14, 2017

    Can this account be debited and credited?

      Default Gravatar
      August 14, 2017

      Hello Eliza,

      Thank you for your inquiry.

      To operate Business Cash Reserve account, you need to have a Westpac business transaction account in the same name. This would let you move funds between these accounts as often as you like, for free when using Westpac online or automated telephone banking

      Hope this helps.


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