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Business TeleNet Saver
A business savings account that lets you earn interest without having to lock your money away.
Already a Bankwest customer? Log in to Online Business Banking to apply.
Benefits
Earn variable interest
And there's no fixed term. In fact, you can easily access your business savings online at any time.
Save in more ways than one
No transaction or monthly maintenance fees (although fees may apply to your linked account).
Supporting your business
Available to businesses including trusts, non-profit organisations and superannuation funds.
How it works
24/7 access to your account
Access your account online wherever and whenever you need through online banking.
Track your finances
The option to track your finances through data feeds to accounting software packages like Xero™ and MYOB®.
Rates
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| Name | Rate |
|---|---|
| Variable interest rate | 0.05% p.a. |
Swipe
Interest is calculated daily and paid on the first business day of the following month. Rates are subject to change.
Apply now
Check your eligibility
- Your business type is a sole trader, partnership, company, trust, super fund (including self managed super fund), society, strata or cooperative
- Your linked account can be with Bankwest or any other financial institution in Australia. It must be held in exactly the same name as your Business TeleNet Saver, allow direct debits to and from the account, and cannot be a credit card account
- The business was established and has tax residency in Australia.
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Things you need for your application
- If anyone connected to your application is new to Bankwest, including account signatories, key decision makers/beneficial owners (through ownership or control), trustees, guarantors and office holders, they'll need photo ID like an Australian driver's licence or passport. Or, see a handy list of other ID we’ll accept
- Australian Business Number (ABN). This isn't compulsory, but withholding tax may be applied if it's not provided
- The BSB and account number of the linked account
- Tax File Number (optional).
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Some business types may need to provide a bit more...
All documents must be originals or certified copies within the last three months.
Formal partnership
- Documentation that verifies the partnership information, such as the partnership agreement.
Company
- Australian Company Number (ACN).
Trust/super fund (including self managed super fund)
- Deed front page, schedule and execution/signing page, which shows the name of the trust, trustees, beneficiaries, settlor and settled sum (if applicable)
- If the trustee is a company, details of that company.
Society/strata/cooperative
- Annual General Meeting minutes showing the election and full names of your Office Holders (President, Chairman, Vice President, Treasurer, Secretary or equivalent)
- Strata plan or strata title for strata or cooperative
- Certificate of Incorporation.
Already started? Resume your application.
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Want to link your Business TeleNet Saver to a Bankwest business transaction account?
How can we help?
Speak with someone from the team today
Business Banking Specialists
Here’s how to get in touch