Business+ Saver

You must provide at least one of the following types of identification to open a Business+ Saver:

• Australian Driver’s Licence
• Australian Passport
• Medicare Card

ID tip

If you submitted any one of these identifications and weren’t successful, try another type. Submitting more than one form of ID helps us confirm your identity and increases the chances of a successful verification.

If you’ve successfully completed the identity verification process, it should only take a few minutes to open a Business+ Saver through the app.

For your interest rate, go to the 'Manage' section in the Business app for your selected account and press 'Product information'.

Your Business+ Saver accepts deposits using your BSB and account number and PayID (using your mobile number or email address).

Yes. Money placed in a savings account with a bank, building society or credit union is protected by the Australian Government’s Financial Claims Scheme (FCS).

The scheme protects deposits up to $250,000 per person, per financial institution. In the unlikely event that a financial institution closes you’ll have the peace-of-mind that your money is safe.

Learn more about the FCS here.

A transaction account is designed to be used for day-to-day expenses and often comes with a debit card for convenient access to the account.

Savings accounts don’t have a debit card, but should offer a competitive interest rate helping you to achieve your savings goal sooner. Savings accounts can offer bonus interest when certain criteria are met.

Yes, our Business+ Saver offers a competitive interest rate.  Learn more about the account and interest rate here.

The good news is there are no monthly account keeping fees with your Business+ Saver.

There could be other fees though, so it's best to take a look at the Terms and Conditions for information about the fees and charges relating to your account.

Yes, before you open a Business+ Saver, you’ll need to open a Business+ Account, which you can do by downloading the Great Southern Bank Business app from the Apple App Store or Google Play.

Although it isn’t mandatory to open a small business savings account, having one will complement your Business+ Account and brings with it some benefits:

• Having a savings record helps you get a business loan, overdraft, or credit card
• Gives you access to money when you need it most
• Offers a higher interest rate than a transaction account

No. Think of it like our beloved Carlton Football Club men’s and women’s teams. While they’re all part of the same club, they play separately.

It’s the same with your Great Southern Bank products and your Business+ products. They’re all offered by us, but they don’t play together.

No. Our Business app is designed to be 100% digital.

For help with anything to do with the Business app, use the in-app Chat. You’ll be helped by one of our team (yep, an actual person).