Do yourself a favour with a Business+ Saver
Earn high interest and keep your savings yours with $0 monthly account fees.
CANSTAR Awards – 2025
Outstanding Value – Business Savings Accounts
Outstanding Value – Business Savings Accounts
High interest business savings account bursting with features
$0 monthly account fee1
Your money stays yours with no monthly account fees.
One for every purpose
Save for tax time, your big plans and a rainy day.
High interest rate
Makes reaching your savings goals even easier.
Instant access
Access your savings when you need them from your linked Business+ Account.
Check your business eligibility
What kind of business can apply?
- Sole traders
- Partnerships between individuals
- Companies
- Trusts New
- Self-managed super funds New
Here’s what you need to tick off:
- Be aged 18 and over
- Be an Australian resident
- Have an ABN for your business
- Have an email address and an Australian mobile number
- Have one form of ID such as your driver’s licence, passport or Medicare card
BUSINESS+ APP
Easy money management
Your business bank accounts should let you access your money when you need it and earn a healthy interest rate when you don’t.
Our Business+ bank accounts help you manage the small business cashflow challenge, with no monthly account fees1 to drain your funds.
How to get started
1. Check to see if you’re eligible
Before you start, check your eligibility.
2. Create your business profile
Enter your business details online or in the Business+ app.
3. Start banking in minutes
Open a Business+ Account and Business+ Saver in minutes.
NEW
Business banking built for smaller small businesses
Our business banking is designed for small business owners who can’t get what they need from other banks – a simple, fast and supportive banking experience.
You can open a business bank account for every purpose in minutes online or the Business+ app. No paperwork to sign. No queues to wait in. No hold music to endure.
Download the Business+ app
Business+ app
More features, less fuss.
Banking, finance, invoicing and much more available now in Business+.
FAQs
Frequently asked questions
You must provide at least one of the following types of identification to open a Business+ Account or Business+ Saver:
- Australian Driver’s license
- 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+ Account or Business+ Saver with Business+ online or the Business+ app.
For your interest rate, visit Business+ Online or the Business+ app, go to the 'Manage' section 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 with Business+ online or 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.
If you have banking that isn’t part of the Business+ suite of products, you’ll need to use the Great Southern Bank app or Online Banking.
No. Our Business+ products are designed to be 100% digital.
For help with anything to do with your Business+ products, use the Chat in the Help section of Business+ online or the Business+ app. You’ll be helped by one of our team (yep, a real person).
Important Information
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. Information on Business+ accounts is general information and does not consider your objectives, financial situation or needs. Consider the appropriateness of the information, including the Business Banking Terms & Conditions (T&Cs) booklet, before acting on it.
This product is only available for business purposes. Terms, conditions, fees and charges may be applicable.
1 For a full list of fees, please refer to the Schedule of Fees.
>> Rates current as at 21 May 2026 and are subject to change.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
Are you eligible?
What businesses can apply:
- Sole traders
- Partnerships between individuals
- Companies
- Trusts New
- Self-managed super funds New
What businesses can't apply:
- Partnerships where the owners aren’t individuals
You must:
- Be aged 18 or over
- Be an Australian resident
- Have an ABN for your business
You will need:
- A Business+ Account
- An email address and an Australian mobile number
- One form of ID such as your driver’s licence, passport or Medicare card