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Business Access Saver

Earn a competitive interest rate on your business funds

  • Earn a competitive interest rate on your surplus business funds
  • 24/7 access to your Business Access Saver1
  • Access and manage your funds via Internet banking and Phone Banking through your Bank of Melbourne working account 24/7.1
  • Earn competitive interest on every dollar.2
  • Make savings simple by setting up a regular transfer from your eligible working account using scheduled payments within Internet banking.
  • No minimum monthly balance or deposit required, making it easy for you to start saving.
  • No monthly service fee.2
  • Access your funds via Branch if required.2

Interest

  • Competitive variable interest rate
  • Interest is calculated daily and paid monthly

Term

  • Funds are readily available with no fixed term

Account Fee

  • $0 monthly account keeping fee2

Apply

Bank of Melbourne Processing
Reply Paid 87251
Melbourne Vic 8060

Free Transactions

 

Interest

  • Flexibility to earn a competitive interest rate on your surplus business funds
  • High variable interest rate
  • Interest is calculated daily and paid monthly.

Account Fee

  • $0 monthly account service fee.2

Term

  • Funds are readily available with no fixed term

Account Access

  • Funds are accessible via Internet and Phone Banking 24-hours a day, 7-days a week1
  • Instant access to funds linked to a Bank of Melbourne account
  • Unlimited everyday Internet and Phone Banking transactions.1

 

Business Access Saver
Balances up to $5,000,000.00  
On the portion of the balance over $5,000,000.00  

Interest rates are percentage per annum.

Business Access Saver
Monthly account service fee $0
Number of free withdrawals per month N/A
Transaction fees for everyday banking - Where a relevant Free monthly withdrawal allowance applies, these transaction fees are payable per transaction after the allowance has been exceeded.
Internet Banking transactions Free
Phone Banking transactions Free
Bank of Melbourne / St.George / Westpac / BankSA / ATMs (in Australia) N/A
Electronic agency N/A
Staff assisted $3.00
Staff assisted deposits 4 free per month, $3.00 thereafter
Bank@PostTM N/A
EFTPOS N/A
Cheque N/A
Transaction fees - Free monthly withdrawal allowances do not apply to these fees
Direct Debit N/A
Periodical Payment N/A
Overseas Cash Withdrawal (including overseas ATM withdrawal) N/A
Bank of Melbourne / St.George / BankSA ATM Mini transaction history request N/A
Frequent Statement(per month) $2.00
Foreign Currency conversion 3.0%
Collection item $1.00

The Detail

Conditions and fees apply.

Before making a decision, it's best to read the Product Disclosure Document (PDS).

  1. Business Access Saver Terms and Conditions and Fees and Charges
  2. Interest rates

Please read these documents and keep a copy. You can request a copy at a branch.

Issued by Bank of Melbourne, a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714. The advice on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it's right for you. If you need help, call 1300 992 266.

1 Subject to systems availability. Daily transaction limits apply.
2 Business Access Saver has no monthly account service fee but other fees and charges apply, including for branch access. To hold a Business Access Saver account you must also hold an eligible Bank of Melbourne working account in the same name or have an existing eligible Bank of Melbourne joint account with your name included in the title. Fees and charges may be payable on your eligible working account.