Business iSaver Account
Why choose a Business iSaver account?
Tiered interest rate
The more money you save, the more interest you could earn.
Access your money
You'll still earn interest, even if you move money in and out of your savings account.
Bucket your money
Create multiple accounts for expenses like GST and tax, to avoid a cash flow crunch when payments are due.
No minimum balance
Grow your savings whatever stage you're at, with no minimum balance needed.
The features don't stop there
- Convenient and secure access to the BCU Bank app and internet banking, available 24/7.
- Easily manage and transfer money on the go with the BCU Bank mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.
- Stay on top of your banking with alerts to notify you of payments received, direct debits and payments due.
- Total deposits up to $250,000 per customer are protected by the Financial Claims Scheme under the Australian Government.
Rates and fees
Interest rates
| Account balance | Interest rate | Interest calculated | Interest credited |
|---|---|---|---|
| Under $5,000 | 1.00% p.a. | Daily | End of month |
| $5,000 + | 1.50% p.a. | Daily | End of month |
| The basics | |
|---|---|
| Monthly fee | $0 |
| Minimum monthly balance | No |
| Everyday transactions | |
|---|---|
| Internet banking and mobile app transfers | Free |
| Direct debits and direct credits | Free |
| BPAY® | Free |
Other fees and charges may apply. See all fees and charges for transaction and savings accounts.
Ready to open a Business iSaver account?
Existing customers
Already have business accounts with BCU Bank? You have good taste. To open another business account, you can call us on 1300 228 228 or visit one of our branches during business hours.
Open your account in person at a branch
We’d love to see you in person. Visit your nearest BCU Bank branch to open an account.
You'll need to:
- have a valid ABN,
- be a sole trader, partnership, company, association, SMSF, trust, or not-for-profit,
- be operating in Australia with an Australian address, and
- bring your Australian driver licence or a valid Australian passport.
New customers
If you’re new to BCU Bank, you'll need a registered Australian Business Number (ABN).
If you are opening a company membership you will need an Australian Company Number (ACN), and a registered business name may also be applicable.
An ASIC extract that validates the identification of the business and its directors will be obtained prior to opening the business membership.
Personal identification is required for all signing directors and beneficial owners, so you will need:
- your Australian driver's licence OR a valid passport
- one form of primary ID without your photo (eg. your birth certificate or citizenship papers)
- one form of secondary ID (eg. your most recent power bill)
Don't have your photo ID?
Alternative identification documents are available for anyone who:
- is under 18 years of age.
- is a non-resident.
- doesn't have an Australian photo identity document.
Existing customers
Already have business accounts with BCU Bank? You have good taste. To open another business account, you can call us on 1300 228 228 or visit one of our branches during business hours.
Open your account in person at a branch
We’d love to see you in person. Visit your nearest BCU Bank branch to open an account.
You'll need to:
- have a valid ABN,
- be a sole trader, partnership, company, association, SMSF, trust, or not-for-profit,
- be operating in Australia with an Australian address, and
- bring your Australian driver licence or a valid Australian passport.
New customers
If you’re new to BCU Bank, you'll need a registered Australian Business Number (ABN).
If you are opening a company membership you will need an Australian Company Number (ACN), and a registered business name may also be applicable.
An ASIC extract that validates the identification of the business and its directors will be obtained prior to opening the business membership.
Personal identification is required for all signing directors and beneficial owners, so you will need:
- your Australian driver's licence OR a valid passport
- one form of primary ID without your photo (eg. your birth certificate or citizenship papers)
- one form of secondary ID (eg. your most recent power bill)
Don't have your photo ID?
Alternative identification documents are available for anyone who:
- is under 18 years of age.
- is a non-resident.
- doesn't have an Australian photo identity document.
Because we're here to help
Get in touch
Call us on 1300 228 228 or visit your nearest branch for all your everyday business banking needs.
Find your local branch
You’ll find us from Maroochydore to Port Macquarie – drop in and say hi!
Meet our business lenders
Looking for a business loan? We have an experienced team who specialise in tailored solutions for your business.
Got a question about business savings accounts?
The interest on a savings accounts is calculated on your daily balance and is credited to your account on the last day of every month. This means that every deposit you make throughout the month will earn interest from that day onwards.
Bonus interest, if applicable to your account, will also be calculated on your daily balance in line with the bonus interest conditions for your account.
We welcome you to visit any one of our branches which are located from Maroochydore in Queensland's south through to Port Maquarie in northern New South Wales.
You can use our branch locator to find your nearest BCU branch.
Remember, there are a wide range of actions you can undertake in the mobile app or internet banking for your convenience.
Please contact us on 1300 228 228 if you'd like to speak to a team member.
Profiles are a feature in internet banking that will make it easier to manage your money by clearly separating your personal banking accounts from those connected to your non-personal accounts if you are a signatory on a business, club or trust.
With profiles, you’ll be presented with a screen when you login to choose whether you want to see your personal accounts or view your business, association, club or trust accounts that you have signatory access to.
You can also personalise your payee list for each profile under Transfer/Pay > Manage Payees.
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms and conditions, fees and charges apply.
Read the relevant product terms and conditions before deciding if a product is right for you.