Try Tap to Pay with Zeller App
Accept contactless payments with your iPhone or Android smartphone instantly — no additional hardware or sign up required.
Protect your business from rising costs. Switch to zero-cost EFTPOS. Learn more
Accept contactless payments with your iPhone or Android smartphone instantly — no additional hardware or sign up required.
Speak to Zeller Sales about a custom payments solution with lower card processing rates, affordable EFTPOS technology, and priority support.
Accept every payment from every customer with Zeller Terminal — whether you're selling at the bar, tableside, or on the go.
Create a business savings account with a click — no application forms required.
Earn faster, and with a better interest rate, than other traditional providers.
Withdraw your business savings to use and spend whenever you need them.
We partner with a regulated, licence holding Australian bank to keep your funds safe.
Whether you're saving for a rainy day, or organising your transactions — Zeller offers every account your business needs.
Save funds and earn a competitive interest rate.
Unlimited operating accounts with Zeller Transaction Accounts.
Organise Transaction Accounts across sites, teams, or projects.
Your funds are secure with a fully regulated, licence holding Australian bank.
24/7 secure access to your funds when you need them.
Two-factor authentication is enabled on all Zeller Accounts.
Multiple layers of account encryption and authentication.
2% p.a.*
1.25% p.a.
1.35% p.a.
1.25% p.a.
1.25% p.a.
Earn a competitive 1.4% p.a. standard variable rate, plus an additional 0.6% p.a. for 60 days from Zeller Savings Account activation. Terms apply. Interest rates accurate as at 28 March 2024.
Signing up takes minutes for most businesses, and it’s free.
Add your business tax file number to activate your account.
Transfer funds to your Savings Account to earn interest.
Any Australian business with a tax file number and an active Zeller Account is eligible to open a Business Savings Account with Zeller. Simply add your business Tax File Number to activate your Zeller Savings Account.
Log in to your Zeller Account, and select Accounts from the menu. Click on Zeller Savings Account from the accounts list. Follow the steps to open your Zeller Savings Account. There's no additional paperwork or sign-up required — simply add in your business Tax File Number, and your Zeller Savings Account will be opened instantly.
You cannot link a Business Debit Card to your Business Savings Account with Zeller. Zeller Business Debit Card can only be linked to an active Zeller Transaction Account. Click here to learn more about Zeller Business Debit Cards.
In comparison to Australia's big-4 banks, a Zeller Savings Account pays more interest. Businesses saving money in a Zeller Savings Account offers a 2% p.a.* standard variable interest rate, while most major Australian banks offer between 1.25% and 1.35% p.a. standard variable interest rate (current at 1 December 2023). Banks and financial service providers may update their interest rate at any time, and it's important that you do your research to determine which business account offers the best interest rate for your requirements.
Yes, a Business Savings Account can earn interest on your business savings. For example, a Zeller Business Savings Account can earn you up to 2% p.a.* interest on funds stored in an account.
With a competitive 2% p.a standard variable rate (for the first 60 days, and 1.4% p.a standard variable rate thereafter), Zeller Savings Account can help you grow your business savings faster than a big-4 bank.
By moving funds into a business savings account, you can contribute to building your businesses' resilience. These extra funds may come in handy when your customers are late to pay you, when your overheads increase, or during seasonal fluctuations. Having some extra funds to see you through these leaner times will help give your business more stability. If you’d like to help safeguard your business against unexpected events, it’s very important that you have a cash reserve & expense managment tools such as Zeller's corporate cards. Adding funds regularly to a company savings account will help build a buffer that your business can use through unforeseen expenses.
One great way of managing funds for not yet paid tax obligations is to put them into an interest-earning business account before you need to pay the tax office. Not only will you have set aside cash to meet your tax obligations, but you will also have earned interest on it. When ascertaining your credit rating, a lender might assess your cash flow and your cash on hand. Having a business saver account that you regularly contribute to can therefore assist in providing important context to a lender, and potentially improve your position to borrow funds.
With a 2% p.a interest rate for the first 60 days (and 1.4% thereafter), Zeller Business Savings Account offers a way to earn some passive income on idle funds. Making a contribution each week to a savings account can set you up for future expansion by earning you money in the background, which can then be invested back into your business. When comparing business savings rates across interest-earning accounts, make sure to also consider whether the accounts have a minimum balance requirement and whether you can access your funds at any time. Zeller Business Savings Account lets you add or move money between business transaction accounts whenever you like, your savings are never locked away.
To open a business savings account, you also need to obtain the Enhanced Zeller Payment Services. Your funds are held securely by Zeller, on your behalf, in an account with a fully regulated, licence holding Australian bank. Amounts held in the Zeller Savings Account are not protected by the Government’s Financial Claims Scheme. The information provided on this site is for general informational purposes only and should not be considered as advice that takes into account your business needs and objectives. If you are unsure, seek the advice of a qualified accountant or financial service advisor before deciding whether a Zeller Savings Account is right for your business. Please refer to the Product Disclosure Statement, Target Market Determination and Part C of the Zeller Terms of Service here.