Let your money grow while you grow your business. Our Business Star Saver is a dedicated savings account linked to your Business Plus transaction account.
Earn competitive bonus interest when you meet the requirements to help boost your business savings while keeping it secure.
Whether you’re preparing for unexpected expenses, future investments, or tax obligations, having a separate cash reserve ensures peace of mind and financial stability. It’s time to become a Business Star Saver.
With our competitive business savings account and boost your earnings.
*Bonus + Standard rate total when all requirements are met. Offer not available in conjunction with previous offers. #Customers only need to grow their balance by $100 or more, by 5pm (NSW time) on the last business day of the calendar month, to earn bonus interest on their Star Saver accounts. Business Star Saver customers will receive the additional bonus rate for the month where such balance growth was achieved. ^The Standard Business Star Saver Interest Rate applies where balance growth for Bonus rate was not achieved. ~Business Star Saver account must be linked to our Business Plus transaction account which may incur a monthly fee if requirements are not met. Combined account balances across all products cannot exceed $2 Million. All rates are subject to change without notice. From 1st of July 2026, we are changing the requirements for how bonus interest is earnt. Read more in the 'Important Information' section below.
Opening a Business Star Saver Account is as easy as contacting us and our team will help you through the process. To get prepared, here is some information on types of eligible businesses and some common application requirements.
To hold this product customers will need to satisfy eligibility criteria, including that the customer must:
A Sole Trader is a self-employed person who is an exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for losses.
Types of Information and ID Required:
A Partnership is an association of individuals or entities for the purpose of carrying on a business venture or business activity in common with a view to profit.
Types of Information and ID Required:
A Company is a separate legal entity capable of holding assets in its own name.
Types of Information and ID Required:
Products issued by Southern Cross Credit Union Ltd. ABN 82 087 650 682. AFSL 241000. Any advice given is of a general nature only and is not based on any consideration of your objectives, financial situation and needs. To decide if a product is right for you, please refer to the Summary of Accounts, Access Facilities and Transaction Limits. To help you better asses if these products are right for you please reach out to our team or read through our Target Market Determinations (TMD), designed to help you make an informed decision that is consistent with your objectives, financial situations and needs. Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
Ability to accept direct credits.
Eligibility criteria, fees and charges, terms and conditions apply. Advertised rate subject to change without notice.
From 1st of July 2026, we are changing the requirements for how bonus interest is earnt. From this date the bonus interest will apply where no withdrawals are made in a calendar month, being by 5pm (NSW time) on the last business day of the calendar month. Where a withdrawal is made during the calendar month the interest payable for that month will only be the standard base interest rate. The bonus rate is only payable on the first $2,000,000 balance.
#Business Star Saver customers with an increase in savings of $100 or more, by 5pm (NSW time) on the last business day of the calendar month, will receive the additional bonus rate of 3.90% p.a. for the month where such balance growth was achieved. Bonus interest offer is subject to change without notice. The Standard Business Star Saver Base Interest Rate of 1.00%p.a. applies where balance growth was not achieved. Offer not available in conjunction with previous offers. Combined account balances across all products cannot exceed $2 Million.
˜ Business Star Saver account must be linked to our Business Easy Access transaction account which may incur a monthly fee if requirements are not met.
Why separate personal and business savings accounts?
Personal and business savings accounts may look similar, but for business owners, keeping them separate is crucial. Your accountant will love you.
A dedicated savings business account, such as our Business Star Saver savings account will let you set savings goals for your business, automate direct credit between your Business Plus and Business Star Saver accounts and provide for a safe place to manage your business profits.
Without a dedicated savings account linked to your transaction account, you’ll be spending time sorting through what is business and what is personal across your savings – to not mention the impact this might have when it’s Business Activity Statements (BAS) lodging time.
On top of that, our Business Star Saver savings account will earn you interest in every dollar, making your money grow while you focus on the things that matter most.
Need a hand to grow your savings? Let your money work for you.
Interest rates are typically represented as a percentage per annum, often you will see it represented as X% p.a. This describes how much interest will be paid on your account balance per year.
With interest, you would merely work out what that percentage would equate to over the 12 months. For example, if you hold a balance of $1,000 in an account that earned 3% p.a., your balance would be $1,030 a year later.
Compound interest, however, lets you earn interest on interest, meaning you earn interest both on the money you’ve deposited as well as on any interest already paid to you.
This can greatly impact your total your savings over time. Taking the above example, if you deposited $1,000 in an account earning compound interest, calculated and paid monthly, you would have $1,030.42.
Whilst that 42 cents may seem a little insignificant in this example, with additional savings deposits into your account and over a longer term, your balance can significantly increase as compound interest works for you. One more reason to continually grow your savings!
Life happens and sometimes it is hard to get into the habit of savings. Setting goals can be a great way to provide you with direction and purpose to help you stay focused and motivated.
SMART financial goals allow you to break down your larger aspirations or needs into smaller, manageable steps. SMART is an acronym that stands for Specific, Measurable, Achievable, Realistic, and Time-bound:
Click below to read the full article with examples and download the SMART goal template we’ve prepared for you.
The biggest challenge in growing your savings is to not touch it. Some people choose to lock their money in a Term Deposit account, but most people still prefer the flexibility of having money at reach with a savings account.
So, how to resist the temptation to dip into your savings? Plan ahead by bucketing.
Bucketing is a strategy to organise your budget without complicated lists. It consists of setting up multiple transactions and/or savings accounts to allocate specific budget to your regular spending and savings, helping you stay ahead.
Each of these different accounts are like ‘buckets’ of money. If a transaction account, you might have one for monthly bills, another for weekends splurge, and another for family and friend’s gifts. If a savings account, you could have one for your emergency funds, another for holidays, and another one that dream home for example. With SCCU you can have up to 8 transaction accounts with a linked savings account for each one of them.
Open your accounts and start bucketing.
Set your business up for success by developing a savings plan. Use this calculator to get started.
It’s about community at SCCU, where your business savings build more than just interest – they build a stronger, more connected future for everyone.
A Business Star Saver Account is a secure and flexible savings option designed to help businesses grow their funds while maintaining easy access to their money. It offers competitive interest rates and bonus interest if you meet certain criteria, and supports businesses in managing surplus cash effectively.
The Business Star Saver is not a standalone account and can only be opened along with a Business Plus transaction account to link to.
Business Star Saver savings accounts are available to sole traders, partnerships, companies, trusts, and not-for-profit organisations.
Applicants must meet our eligibility criteria, including providing business registration details. You can access everything you need to know in the application section above.
There is no minimum balance requirement to open a new Business Star Saver. However, to accrue the bonus interest, you must meet the requirements listed in the page or in the disclaimers.
The interest rate is calculated daily and paid at the end of each calendar month.
Our Business Star Saver account works on a variable interest rates that are subject to change without notice.
Yes, you can access your funds 24/7 via NetBanking and Mobile App. You can also visit a Financial Service Centre for in-person transactions and call us at 1300 360 744 for personalised support.
Yes, our Business Star Saver is the linked savings account to our Business Plus transaction account.
A Business Star Saver account is not a standalone account and can only be opened along with a Business Plus account to link to, making transfers between accounts seamless and efficient.
There are no specific limits or fees to withdrawing funds from your Business Star Saver. However, there are daily transaction limits across the business.
To move funds from your Business Star Saver, you are required to first transfer the money to your linked Business Plus transaction account from where you can complete the withdraw.
Keep in mind that by withdrawing from your Business Star Saver, you may not meet the requirements to earn bonus interest on your account balance.
To see the daily transaction limits, visit our support page.
No, it does not. Bonus interest is earned on the account balance where the minimum deposit requirement was met – excluding previous interest earned. If the requirements are not met, the account balance will accrue the standard interest rate for that month.
Yes, you can set up automatic transfers to your savings account.
Log into your NetBanking and go to ‘Payments’ > ‘Transfer Money’ – fill out the transfer details and then you can set this up as a one-off future payment or a recurring payment in the ‘When’ section of the page.
If you have any questions, contact us at 1300 360 744 or find a Financial Service Centre close to you.
From your first transaction to lifelong investments, with you across all financial life stages.
Years of age
Australian our NZ resident
Confirmed employment
If you'd like a little extra help, call our team on 1300 360 744.
