Swift and seamless: Zeller deploys new Zeller Savings Account for businesses in record time

MELBOURNE, AUSTRALIA  – Zeller, the Australian fintech reimagining business banking, has introduced the Zeller Savings Account, another addition to its growing suite of financial solutions. Zeller's unwavering commitment to innovation and speed is demonstrated in the swift development of the product, which was delivered from concept to launch in 8 weeks — a feat unparalleled in the Australian financial landscape. This speed-to-market achievement solidifies Zeller's position as the leader in delivering cutting-edge fintech solutions.

Ben Pfisterer, Zeller CEO and co-founder, underscores the significance of Zeller's unmatched pace of innovation. "The overwhelming response to our offering demonstrates the demand from Australian businesses for smarter, affordable, and innovative financial solutions. Our team is dedicated to rapid innovation, exemplified by the prompt development and delivery of the Zeller Savings Account. Zeller’s all-in-one financial solution meets the evolving needs of businesses, providing a new savings account option that offers a superior interest rate."

In direct response to the evident lack of support for small businesses offered by the big four banks, Zeller has accelerated its product development to deploy a wave of new financial solutions in the past five weeks including Tap to Pay on iPhone, Virtual Terminal, Pay by Link, Corporate Cards, and the new Zeller Savings Account. This relentless pace of product releases sets Zeller apart, with no other bank in Australia or globally matching Zeller’s speed and innovation.

As Australia's traditional banks grapple with outdated infrastructure and bureaucratic hurdles, Zeller leads the charge in customer-centric financial innovation. Pfisterer emphasised, "Zeller's agile, customer-centric products sharply contrast with the sluggish and complacent nature of traditional banks. We strongly advocate for investing in the growth of Australian small businesses and strive to bridge any gaps left by the big four for these business owners."

Zeller Savings Account offers:

• Competitive interest rate: Zeller merchants enjoy 2% p.a. for the first 60 days, then a competitive 1.4% p.a. standard variable rate after that — outperforming all big four Australian banks, which have been decreasing interest rates in recent months.
• Instant access to funds: Savings can be accessed anytime to be used as needed, empowering businesses to retain complete control of their cash flow.
• No minimum balance: Zeller Savings Account is designed to deliver a return to businesses of any stage or size with no minimum balance requirements.
• Fast sign-up: Existing customers can open a Zeller Savings Account with just a click, while new customers can sign up online in a matter of minutes with no lengthy paperwork, or need to visit a bank branch.