Business Access Saver

Choose this interest-paying business savings account to store collected GST, save for business purchases, and set money aside for unexpected expenses.

Rates and eligibility
Speed and security
How to apply
Fees and charges
FAQs

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Why a Business Access Saver business account?

Easy-access savings for your business

Access funds anytime, anywhere

Manage your savings online and on mobile, making transfers via a St.George everyday account.¹

No minimum deposits or balances

Build your savings balance at your own pace, with no pressure for a minimum deposit each month.

No lock-in contract with a fixed term

Enjoy the flexibility of accessing your savings whenever you need them, with no restrictions.

No account-keeping and transfer fees

For no monthly fee, make unlimited electronic transfers to and from your linked St.George account.²

Earn up to 2.35% p.a. as a total variable bonus rate*

2.35% p.a. Total variable bonus rate for the first 5 months on balances up to $10,000*. It's a combination of an introductory bonus fixed interest rate and the variable base rate for accounts opened from 23/08/2024, with balances from $0 to $9,999. Eligibility criteria and T&Cs apply.
1.20% p.a. Introductory bonus fixed interest rate for the first 5 months on balances from $0 up to $10,000.
1.15% p.a. Variable base rate. Rate will revert to variable base rate once the 5 months has finished.

Eligibility check

18 years or over (applicant plus all signatories)
Operating in Australia with an Australian address
Sole trader, partnership, company, association, self-managed super fund, trust, or not-for-profit organisation.

Pair your business savings with a linked transaction account

When you open a Business Access Saver account, you’ll also get a Freedom Business transaction account if you don't already have one. This simple, easy-access everyday account comes with a business Visa debit card, unlimited electronic transactions, and up to 30 in-branch transactions per month, making it a perfect business companion.

Sole trader or 1-director company? Open both accounts online now. If you’re not eligible to apply online, open an account at any branch.

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Even more reasons to separate your business savings accounts

Take better control of your finances
Having a separate account for business savings helps keep you on top of your cash flow and finances.
Save time at tax time
Keeping your business and personal savings in separate pools makes life simpler when completing your tax return.
Earn interest on your savings
Your savings will attract a variable interest rate, earned daily and paid monthly.
Keep your savings secure
We’ll repay any missing funds if Internet fraud compromises your account ³, as long as you’ve complied with our T&Cs.

Who can apply online?

Open an account in minutes if you’re:

A sole trader or 1-director company, OR
Already a St.George business customer.

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If you’re not eligible to apply online, open an account at any branch.

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What to take if you’re applying in branch

For your security, we’re required to check your ID and other documents before you can open a business account.

Unsure of your business structure? Find out using your business registration.

Sole Trader

ID options:

Driver licence or passport, OR
Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

Check out other ID options (PDF 845KB)

Partnership

Make an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.

ID options:

Driver licence or passport, OR
Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

Other details we need:

Your Customer ID (if you’re already with us)
Your ABN (if you have one)
The date you established the partnership and the state/territory
Foreign tax residency information (if any) including Foreign Tax Identification Number
The full names, addresses and dates of birth of anyone who’s a partner in the business (having a 25% or greater share in it), even if they don’t need access to this account.

Document(s) we’ll need to see:

If you’re a regulated partnership, current proof of membership of a professional association, PLUS
Partnership agreement, OR
Minutes from one of your meetings, OR
ATO notice less than 12 months old, OR
Certificate of registration of your business name.

All documents must be valid originals or certified copies, and ID must match the names listed on your partnership agreement. Check out other ID options (PDF 845KB).

Company

Make an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.

ID options:

Driver licence or passport, OR
Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

Other details we need:

Your Customer ID (if you’re already with us)
Your ACN plus (if applicable) ABN
The date and state/territory of company registration/incorporation
If a regulated company, the name of the regulator and your licence number
If a non-listed but regulated company, the name of the regulator and your licence number
The full names, addresses and dates of birth of anyone who’s a ‘beneficial owner’ of the business (even if they don’t need access to this account). A beneficial owner is someone who has a 25% or greater share of a company, or has control of it (such as a CEO or MD).

A document we’ll need to see:

ASIC certificate of registration, OR
Publicly issued document from the past 12 months, such as audited accounts.

All documents must be valid originals or certified copies, and ID must be in the correct name(s). Check out other ID options (PDF 845KB).

Trust

Make an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.

ID options:

Driver licence or passport, OR
Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

Other details we need:

Your Customer ID (if you’re already with us)
Details of the membership class (e.g. family members of named person, charitable purpose, etc.)
The full names, addresses and dates of birth of anyone who’s a ‘beneficial owner’ of the trust (having a 25% or greater share in it), even if they don’t need access to this account.

A document we’ll need to see:

Trust Deed (or a certified copy/extract) featuring names of the trust, trustees, beneficiaries and settlor(s), plus the execution page, OR
Settlement Deed or similar document, OR
ATO notice less than 12 months old, OR
A letter from an appropriate professional confirming the name of the trust and settlor(s).

All documents must be valid originals or certified copies, and ID must be in the correct name(s). Check out other ID options (PDF 845KB).

Association

Make an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.

ID options:

Driver licence or passport, OR
Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

Other details we need:

Your Customer ID (if you’re already with us)
Your ABN (if you have one)
If incorporated, the identification number issued by state/territory or overseas body upon incorporation plus the date and state/territory/country of establishment
The full names, addresses and dates of birth of anyone who’s a ‘beneficial owner’ of the association (even if they don’t need access to this account). A beneficial owner is someone who has a 25% or greater share of an association, or has control of it (such as a CEO or MD).

A document we’ll need to see:

The constitution or rules of the association, OR
Minutes from one of your meetings, OR (if incorporated)
ASIC certificate of registration or equivalent from the relevant government body.

All documents must be valid originals or certified copies, and ID must be in the correct name(s). Check out other ID options (PDF 845KB).

Co-operative

Make an appointment at any branch for an ID check for you and ALL other signatories of the account, plus a document check.

ID options:

Driver licence or passport, OR
Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

Other details we need:

Your Customer ID (if you’re already with us)
The date and state/territory/country of registration.
The full names, addresses and dates of birth of anyone who’s a ‘beneficial owner’ of the cooperative (even if they don’t need access to this account). A beneficial owner is someone who has a 25% or greater share of a co-operative, or has control of it (such as a CEO or MD).

A document we’ll need to see:

ASIC certificate of registration (if applicable), OR
Register maintained by the co-operative, OR
Minutes from one of your meetings.

All documents must be valid originals or certified copies, and ID must be in the correct name(s). Check out other ID options (PDF 845KB).

Fees and charges

$0.00 Account-keeping fee
$0.00 Cheque collected or deposited
$0.00 Transfer to and from linked St.George account¹
$0.00 Staff assisted deposit
$0.00 Account enquiries in Internet Banking or the Mobile App

Other fees and charges may apply. Please refer to the Business Accounts and Payment Services Terms, Conditions, Fees and Charges (PDF 2MB)

FAQs

Do I need a business transaction account to open a business savings account?

Yes. If you already have a Freedom Business account, you can open a new Business Access Saver account online.

Suppose you don’t have a business transaction account yet. In that case, you can open a Business Access Saver account online now (if you’re a sole trader or 1-director company or already a St.George Business customer) or open the account at a branch. We’ll automatically help you open your Business Access Saver account at the same time as your Freedom Business account.

Am I eligible for the Business Access Saver introductory rate?

Yes, if you meet one of the following:

I am an existing or new customer who has never previously held a Business Access Saver account
I already have a Freedom Business account and open a Business Access Saver account
I don’t have a Freedom Business account or a Business Access Saver account, but I am opening one of each.

Note: The introductory fixed interest rate offer is only calculated on an eligible Business Access Saver account balance of up to $10,000.

When will the Business Access Saver introductory rate be paid?

Do I need to grow my balance to get the Business Access Saver introductory rate?

What happens if I have more than $10,000 in my Business Access Saver account?

Can I connect accounting software to my business bank accounts?

Important information

Business Accounts and Payment Services Terms, Conditions, Fees and Charges (PDF 2MB)

Business Visa Debit Card Terms and Conditions and General Information (PDF 1MB)

This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors and read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement before deciding.

1. Access to funds is subject to systems availability. Daily transaction limits apply.

2. Other fees and charges may apply, including for branch access. Fees and charges may be payable on your eligible St.George everyday account.

3. Fraud Money Back Guarantee: Our St.George Fraud Money Back Guarantee ensures that you will be reimbursed for any unauthorised transactions provided that you have not contributed to the loss and contacted St.George promptly. Refer to your card’s conditions of use for full details, including when a customer will be liable.

* Bonus offer available from 23/08/2024 for a limited time only for new or existing customers who have never previously held a Business Access Saver account. The existing offer for Business Freedom accounts is available for new, linked transaction accounts, where the account-keeping fees are waived for the first 12 months of account opening. Other fees and charges, terms and conditions may apply. Refer to the Terms and Conditions for more information. This offer may be repeated from time to time, withdrawn, varied or extended at any time.