Business product rates

Our business accounts

Business Zero Transaction Account
Balance Variable rate
All balances Not applicable
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Business High Interest Transaction Account
Balance Variable rate
All balances 0.80% p.a.
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Business TeleNet Saver
Balance
Variable rate
All balances 1.05% p.a.
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Business TD Direct
Term
Maturity/Annually
1 month 1.50% p.a.
2 months 1.50% p.a.
3 months 2.35% p.a.
4 months 1.50% p.a.
5 months 1.50% p.a.
6 months 2.60% p.a.
7 months 1.50% p.a.
8 months 1.50% p.a.
9 months 1.50% p.a.
10 months 1.50% p.a.
11 months 1.50% p.a.
1 year 2.65% p.a.
2 years 2.60% p.a.
3 years 2.60% p.a.
4 years 2.65% p.a.
5 years 2.65% p.a.
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Note: Rates may change between now and when you apply for the Term Deposit.
Rates apply for investment amounts from $10,000 to $2,000,000.
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Rates are subject to change

Our business credit cards

Low Rate Mastercard®
Rate type
Rate
Introductory purchase rate (for the first 13 months) 1 0% p.a.
Introductory balance transfer rate (for the first 13 months) 1 0% p.a. (2% balance transfer fee applies)
Ongoing rate (balance transfers, cash advances and purchases) 11.99% p.a.
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Rates are intended for new Low Rate Mastercard customers only. Fees and charges apply, including an annual fee.
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Large Rewards Mastercard
Rate type Rate
Ongoing rate (balance transfers, cash advances and purchases) 18.50% p.a.
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Rates are intended for new Large Rewards Mastercard customers only. Fees and charges apply, including an annual fee.
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Corporate Mastercard - Corporate and Executive tiers
Rate type Rate
Ongoing rate (balance transfers, cash advances and purchases) 17.99% p.a.
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Rates are intended for new Corporate Mastercard - Corporate and Executive tiers customers only. Fees and charges apply, including an annual fee.
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Rates are subject to change

Our business loans

Business Low Rate Loan
Rate type Variable rate
Indicative variable rate 2 4.99% p.a.
Business low rate (reference rate) 5.85% p.a.
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Business FeeSaver Loan
Rate type Variable rate
Indicative variable rate 2 5.80% p.a.
Business FeeSaver rate (reference rate) 6.05% p.a.
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Business Equity Line
Rate type Variable rate
Indicative variable rate 2 7.86% p.a.
Business Equity Line (reference rate) 8.71% p.a.
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Rates are intended for new borrowings only and subject to change. Details of other fees and charges that may be incurred will be provided on approval of the facility. A margin may apply to the above rates based on our full credit assessment of your loan application.

Our business overdrafts

Business Zero Transaction Account Overdraft
Rate type Rate
Indicative secured variable rate 2 7.99% p.a.
Indicative unsecured variable rate 12.65 % p.a.
Variable overdraft reference rate 3 8.65% p.a.
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Business High Interest Transaction Account Overdraft
Rate type Rate
Indicative variable rate 2 7.70% p.a.
Variable overdraft reference rate 7.70% p.a.
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AgriOne Transaction Account Overdraft
Rate type Rate
Indicative variable rate 2 5.90% p.a.
Variable overdraft reference rate 6.35% p.a.
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Other Overdraft Reference Rates
Rate type Rate
Business overdraft reference rate 4 10.01% p.a.
Small business overdraft reference rate 5 9.56% p.a.
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Rates are intended for new borrowings only and subject to change. Details of other fees and charges that may be incurred will be provided on approval of the facility. A margin may apply to the above rates based on our full credit assessment of your loan application.

Things you should know

1. Promotional introductory purchase and balance transfer rate on the Low Rate Business Mastercard:

  • Available to new Low Rate Business Mastercard customers who apply from 4 April 2018 until the promotion ends, and be approved
  • A 2% Balance Transfer fee is payable on all transactions to which that balance transfer rate applies
  • Excludes product transfers from existing Bankwest credit cards
  • Introductory rate excludes cash advances
  • Applies from the date the card is opened, regardless of when any balance transfer or purchase is processed by us
  • After the intro period, the interest rate on any outstanding transferred balance or purchase will be charged at the ongoing rate for purchases and balance transfers as outlined in your financial table
  • Minimum balance transfer amount is $500
  • A balance transfer request will only be processed up to 95% of your approved credit limit
  • Only non-Bankwest-branded credit cards can be balance transferred to Bankwest Mastercard credit cards.

View balance transfer terms and conditions.

2. The indicative variable rate is based on a fully secured loan option.

3. Also known as the Business Market Reference Rate.

4. This reference rate is applicable to the Business Cheque Account, BPay Business Plus, Business Plus Account and Farm Plus Account.

5. This reference rate is applicable to the FreeB Account.

Mastercard and the Mastercard brand mark are registered trademarks, and the circles design, Tap & go and smart data are trademarks of Mastercard International Incorporated.