Compare the Best Business Savers in Australia for 2025

Key takeaways

• Business savings accounts and business saver solutions are a way to invest in your capital growth, and there are a number of options available

• Both traditional banks and fintechs have savings products and alternatives to consider

• The best business saver for you will depend on what your business needs – this guide will show you how to compare your options

Looking for smarter ways to grow your business funds without locking them away?

If your business has surplus funds sitting in an ordinary account, you could be missing out. Every dollar that you earn or invest should be working hard, not just the ones covering day-to-day expenses. The right business saver can help you earn returns on idle funds and support your growth without locking away capital.

With so many options available, from major banks to fintech challengers, it can be hard to know where to start. Business needs differ, and the right account for you will depend on your goals, cashflow habits, and how much flexibility you need. In this guide, we compare some of the best business savings accounts and business savers available in 2025 to help you make an informed choice.

What is a Business Savings Account?

A business savings account helps you store extra business funds while earning some interest.

Some savings products, like traditional business savings accounts, are offered as standalone solutions that sit separately from a business’s everyday operating account. Others, such as Airwallex’s Yield account, are integrated into broader business account platforms. These connected accounts often include features like FX and transfers, expense management, and debit cards, giving businesses more flexibility and control.

While the term 'business savings account' typically refers to bank-held savings products, 'business saver' can describe a wider range of return-earning options, including those offered by non-bank providers.

Top 5 Business Savings providers in Australia (2025)

Here are some of the leading high-interest Business Saver Accounts available to Australian businesses in 2025, based on publicly available data and features.

• Airwallex Yield: Empowers businesses to earn competitive returns in AUD and USD, with no lock-up periods. It’s the latest addition to our Business Account, an all-in-one solution to help your business grow and operate anywhere.

• Great Southern Bank’s Business+ Saver: A straightforward savings option for business customers, with bonus interest available when monthly deposit conditions are met.

• Macquarie Bank’s Business Savings Account: Provides interest on surplus business funds with flexible access and no ongoing account-keeping fees.

• Commonwealth Bank: Offers two types of business savings accounts; the Business Investment Account and the Flexi Business Investment Account, both designed to help businesses earn interest while keeping access to funds.

• Bank of Queensland Business WebSavings Account: An online savings account with competitive rates, no monthly fees, and flexible access for business customers.

Compare the top 5 Business Savings providers in Australia

Before you apply before a Business Saver you need to compare accounts across key features, including what return your funds will earn, the associated fees, security, integrations, and limitations such as the lock-up period.

Let’s break down how each high-interest business saver stacks up in terms of features, rates and fees.

Airwallex Yield, our high-rate business saver

Airwallex is not a bank, but as a fintech, we can offer competitive alternatives that offer a compelling point of difference to the traditional options. This includes with our Yield product, released to all Australian users in 2024.

In order to do this, Airwallex became the first payments company in Australia to acquire an AFSL (Australian Financial Services License).

💡 An AFSL is a legal licence granted by the Australian Securities and Investments Commission (ASIC) that allows a business to provide financial services in Australia, such as investing (e.g., shares, bonds, managed funds). In order to obtain this licence, a business must demonstrate to ASIC’s satisfaction that it is complying with Australian financial services laws and regulations.

Features and benefits

So, what makes Airwallex Yield unique? Our product team has incorporated intelligent features that are dedicated to helping businesses grow.

• AUD and USD balances: With our global mindset and advanced financial infrastructure, it was essential for us to offer Yield balances in both AUD and USD. You can generate returns on your USD balances, just as easily as you would AUD, with no foreign accounts required.  

• Competitive returns: Yield currently offers a daily return of 3.89% on USD and 3.59% on AUD*. 

• No lock-up period or penalties: Unlike comparable term deposits, you can move your money in and out of your Yield account as needed because it is an investment product. 

• Safe and secure: Grow your funds with a low-risk, highly graded liquid investment with Airwallex’s investment into JP Morgan money market funds.  

• Xero bank feed integration: Sync with your Yield balances and returns to Xero in real time for faster reconciliation.

Fees

Airwallex Yield is a part of our Business Account - the all-in-one solution for business financial operations. Our accounts bundle together our next-generation features to help you centralise and simplify operations. 

The most accessible account bundle is our ‘Explore’ plan, which is $29/month or $0/month if you meet our modest fee waiver requirement of depositing at least $5k per month or holding a minimum balance of $10k. Yield is available with every bundle offered by Airwallex.

Aside from Yield, with the  ‘Explore’ plan you also get:

• Business Accounts: Open multiple accounts per entity, collect and hold in 60+ currencies, free transfers to 120+ countries, and access to interbank FX rates

• Spend features: Multi-currency company and employee cards with zero international fees, plus 2 free employee cards

• Payments: Online card and local payment method acceptance globally

• Smart Integrations: Bank feeds sync with Xero, QuickBooks, and NetSuite

Learn more about our ‘Explore’ plan and check out our other bundles here.

Great Southern Bank’s Business+ Saver

Established in 1946, it’s a mutual bank – meaning that it’s owned by its members.

Their Business+ Saver is their savings option, which sits alongside their Business+ day-to-day business account. Customers must open a Business+ account to access the Business+ saver. 

Features and benefits

• Competitive interest rates: The Business+ Saver currently offers an interest rate of 3.60% p.a.

• Fast access: Customers can access their savings when they need them from their linked Business+ Account

Fees

While there are no monthly account keeping fees for the Business+ Saver, customers are encouraged to review their terms and conditions as there may be other fees and charges related to their accounts.

Macquarie Bank’s Business Savings Account

Macquarie Bank is a popular financial services company that operates in 34 markets. It offers a range of products and services, including investment banking, asset management, and retail banking.

Their savings product is called the Business Savings Account, an online-only account with a number of features suitable for business savings. 

Features and benefits

• Competitive interest rates: 3.90% p.a. standard variable rate on balances up to $2,000,000.

• Fast access: Customers can access their savings quickly

• Online access: Via a desktop or mobile app

• eGift Cards: Access to eGift cards through the Macquarie Marketplace

Fees

There is no monthly fee associated with the Macquarie Business Savings Account.

Commonwealth Bank’s Flexi Business Investment Account and Business Investment Account

Commonwealth Bank is another popular choice for Australian residents and businesses, servicing around 17 million customers. The bank was founded in 1911, and commenced operations in 1912. 

Features and benefits

• Early withdrawal: Users can withdraw up to 20% of your balance before their term ends

• Various terms available: Including 3, 6, 9 and 12 months

• Fixed interest rate: 2.35% p.a. (for a 3 month term), 2.80% p.a. (for a 6 month term), 3.50% p.a. (for a 9 month term) and 3.25% p.a. (for a 12 month term). Interest is paid at the end of the term

Features and benefits of the Business Investment Account: 

• Various terms available: Terms from 8 days to 5 years

• Fixed interest rate: 2.60% p.a. (for a 3 month term), 3.00% p.a. (for a 6 month term), 3.75% p.a. (for a 9 month term), 3.60% p.a. (for a 12 month term), 3.40% p.a. (for a 60 month term). Interest paid out at the end of the term (for under 12 month terms) or annual (for over 12 month terms)

Fees

• There are no set up or establishment fees

• If a customer withdraws all or part or their money before their term ends, a prepayment interest adjustment and a $30 administration fee may apply

Bank of Queensland Business WebSavings Account

The Bank of Queensland (BOQ) is a popular regional institution established in 1874. It offers a range of banking products and services, including home loans, personal loans, savings accounts, and credit cards.(6) BOQ also offers a business saver called the WebSavings Account.

Features and benefits

• Interest rates: The WebSavings Account offers 0% p.a. interest on balances up to $9,999, and 0.65% p.a. on balances $10,000 and over

• Special offer rate: New customers can access a special interest rate of 3.75% p.a. for four months. Interest is calculated on daily balances and credited to customer accounts on the last day of each month

• Free direct credits: Unlimited free direct credits

BPAY: Free unlimited online BPAY payments

Fees

• There are account establishment fees or ongoing maintenance fees

• A $1.00 fee applies for each cheque deposited

Business savings accounts and savers compared

In this table, we compare business savings accounts and business savers such as Airwallex's Yield.

Do I need a business savings account?

It is not a legal requirement for businesses to have a specific business savings account. Many businesses will just use a core business account – that does not have specifically designed savings or returns capabilities – to manage their day-to-day finances. 

However, accounts that offer return-earning capabilities can be a practical way to make idle funds work harder. Options like the Airwallex Yield account are designed to support growth and efficiency by helping businesses generate daily returns on surplus capital, without locking funds away.

For example, if your business is registered as a company, partnership or trust in Australia, you are required to open a business account or business bank account for tax purposes. This does not have to be a specific savings product, instead it might just be a standard business account, which you can compare here.

What should I look for in a business savings account?

The right high-interest business savings accounts for you will depend on a few factors. It’s important to carefully evaluate what your business really needs, and how each account option might help your business grow.

You can consider the following when making your choice:

• Multi-currency capabilities: Does your business hold cash balances in only AUD, or are there other currencies that you also have cash in (that you don’t want to subject to international conversion fees in order to generate returns). Many accounts only offer AUD returns, so this may be limiting to your earning potential.

• Rates: Compare business savings rates offered by different providers to find the most competitive rate that suits your needs. Bear in mind that some rates are only available for a limited time, as is the case with introductory offers. Many rates are also subject to change.

• Lockup and penalty periods: If having your money locked suits your business, then a term deposit may be right for you. If you need more immediate access to capital to support your needs, then it’s worth identifying accounts which don’t penalise you for withdrawing your money when you need it. It’s also worth reviewing the time that it will take to process your withdrawal. 

• Minimum balance requirements: Some accounts may have minimum balance requirements which may or may not suit your needs. Some accounts might also waive their monthly fee if you meet a certain balance.

• Accessibility: For ease of use, you may want to ensure the account is easily accessible through online banking and mobile apps. Having your savings solution integrated with accounting software platforms like Xero might also save you admin come reconciliation time.

• Additional features: Consider any additional features that may be beneficial to your business, such as business cards, expense management for your team, or FX and transfers.

By carefully evaluating these factors, you can select the best corporate savings account that meets your specific needs and helps you achieve your financial goals.

How much money should a business have in savings?

There’s no ‘ideal’ amount of money for a business to have in a savings account. Every business’ savings account will look different, and there are several factors that dictate how much money should be in savings at any given time. 

To figure out how much money you would like to have in your business savings account, it can be helpful to talk to a business financial advisor who can give you specific advice on your unique situation, as there are many factors to consider.

• Industry: Businesses in industries with less consistent cashflow, such as retail, hospitality and entertainment, may want to maintain a larger pool of capital to weather fluctuations in demand.

• Size: Larger businesses typically have more resources to absorb unexpected expenses, but they may also have higher fixed costs that require more substantial savings.

• Growth plans: Businesses with high-growth ambitions may wish to allocate more funds for investments and expansion.

Why open a Yield account with Airwallex?

More than $100 million has already been invested into the Airwallex Yield account by Australian businesses, from fast-growing startups to established brands like Love to Dream. 

Why? 

Because it’s a smarter way to put idle funds to work, every single day.

Case study: cogsflow was one of the first to adopt Yield when it launched. The eCommerce startup had been using a traditional bank solution, but it wasn’t delivering.

“It absolutely dominates the CBA solution we had,” says David Carbines, Co-Founder and CEO. “I think we've earned more with Yield in a week than we did with CBA in a month. We expect innovation like this to drive the market forward.”

Like many growing businesses, cogsflow experiences fluctuations in cashflow. They needed a solution that could flex with them.

“Every dollar counts, for us and our clients. The Airwallex Yield account helps us make sure our money works as hard as we do.”

Yield account benefits at a glance

• AUD and USD balances: Earn returns on your local and international funds, all from one account

• Competitive rates: Currently 3.89% on USD and 3.59% on AUD*

• No lock-ups: Withdraw anytime without penalties. Ideal for variable cashflow

• Backed by JP Morgan: Low-risk money market investments

• Real-time Xero sync: Returns are auto-fed into your accounting

Get started today

Join the 100+ Australian businesses already putting their idle cash to work with Airwallex Yield. It only takes minutes to get started, and there are no lock-ins or hidden fees.

Best business savings accounts: frequently asked questions

What’s the difference between a business saver and a traditional business savings account?

A traditional business savings account is offered by a bank and may come with fixed rates or access restrictions. A 'business saver' is a broader term that includes flexible options like Airwallex Yield, offering daily returns and no lock-ups.

Which business savings account has the highest interest rate in Australia 2025?

Rates change often, but as of August 2025, Macquarie and BOQ offer competitive bank rates. Airwallex Yield provides daily returns of 3.59% AUD and 3.89% USD with no lock-ups, giving businesses more flexibility than traditional savings accounts.

Do business savings accounts have fees or minimum balances?

Some do. Banks may charge monthly fees or require a minimum balance. Airwallex waives fees when you meet simple conditions such as a $5k monthly deposit or $10k balance, making it more accessible than many traditional options.

Should I open a business savings account?

If your business often has surplus cash, a high-interest savings account or saver product helps those funds work harder. Options like Airwallex Yield let you earn returns without locking money away, supporting both growth and flexibility.

Can I use a personal savings account for business funds?

It’s possible, but not recommended. Personal accounts may lack features businesses need – such as multi-user access, accounting software integration, and compliance reporting – so a dedicated business solution is the smarter choice.

How am I taxed on my business savings account?

Interest earned on a business savings account is considered taxable business income in Australia. It needs to be declared in your annual tax return, just like any other business earnings.

Can I apply for a business savings account with a bad credit score?

Yes, usually. Most business savings accounts don’t require a credit check because they are deposit products, not loans. You’ll just need the right business documentation.

Can multiple employees access a business savings account?

Yes. Many banks and fintechs allow multiple users with different permission levels. Airwallex, for example, lets you set user roles and transaction limits for your team.

Is my business savings safe?

Funds held with banks are protected under the Australian Government’s Financial Claims Scheme up to $250,000. Airwallex Yield funds are invested in low-risk money market funds managed by JP Morgan Asset Management.

What are the benefits of an online-only account?

Online-only business savings accounts often offer higher rates, lower fees, and faster access. They can be opened quickly and managed from anywhere.

Are debit cards available for a business savings account?

Typically, no. Debit cards are linked to transaction accounts, not savings accounts. If you need to spend from your business balance, it’s best to link a transaction account or use a business debit/credit card.

Sources: 

1. https://www.greatsouthernbank.com.au/lp/business-saver 

2. https://www.macquarie.com.au/business-banking/business-accounts/savings-account

3. https://www.commbank.com.au/business/investments/business-investment-account

4. https://www.boq.com.au/business/business-bank-accounts/savings-and-investment-accounts/business-websavings-account

Disclaimer: The information in this article is based on our own online research. Airwallex was not able to manually test each tool or provider. The information is provided for educational purposes only and a reader should consider the specific requirements of their business when evaluating providers. This research is reviewed annually. If you would like to request an update, feel free to contact us at [[email protected]]. This information doesn’t take into account your objectives, financial situation, or needs. If you are a customer of Airwallex Pty Ltd (AFSL No. 487221) it is important for you to read the Product Disclosure Statement (PDS) for the Direct Services, which is available here.

The Airwallex Yield Liquidity Fund (Yield) is issued by K2 Asset Management Limited (K2) (ABN 95 085 445 094, AFSL No 244393), a wholly owned subsidiary of K2 Asset Management Holdings Limited. This information doesn’t take into account your objectives, financial situation, or needs. Read the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for Yield, available at www.airwallex.com.au/terms from Airwallex Capital Pty Ltd (ABN 37 609 653 312, AFSL No. 549026). All investments carry risk. *Target returns are net of fees as at 1 April 2025(AEDT) and indicate past 1-day annualised returns of the relevant underlying JPMorgan Liquidity Funds.