Business banking Products & services Business accounts

Business Online Saver account.

Earn a flat interest rate on money you put aside for GST, income tax or other purpose.

Benefits.

  • No monthly account maintenance or transaction fees1.
  • Earn a flat interest rate on any account balance in credit.
  • No minimum balance.

Business Online Saver features.

24/7 access

Bank anywhere, anytime with Business Online or Westpac One® online banking, or use one of our Smart ATMs. 

Earn daily interest

Interest is calculated daily on the full credit balance and paid (less resident withholding tax) into your Business Online Saver account on the last day each month.

Easy transfers and deposits

You can transfer funds using Business Online, Westpac One or ATMs. Depositing money regularly from another account? Set up an automatic payment or SweepOver.

Instant withdraws

Transfer funds to your business transaction account and get immediate access.

How it works.

To open a Business Online Saver account you need:  

  • A Westpac business transaction account  
  • Online access to your account (through Westpac One online banking, Business Online banking or Corporate Online). 

Any transfers from your Business Online Saver account must go directly to your business transaction account. You can't make cash withdrawals at an ATM, but you can check your balance or transfer funds.  

Interest rates.

Interest is calculated daily on the full credit balance and paid (less resident withholding tax) on the last day of each month.

The above rates are not available to financial institutions.

You can get a copy of the current disclosure statement for Westpac New Zealand Limited from any Westpac branch in New Zealand free of charge. Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand.

Fees.

These fees relate to Business Online Saver account only. If fees apply to the account which money is being transferred to or from, standard fees will apply¹.

Things you should know.

1 Some other service fees may apply from time to time, including overdrawn or Line of Credit charges. See the Business Transaction and Service Fees brochure for more details.

Interest rates and fees are subject to change without notice.