Zeller review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Zeller is a business savings account for companies and sole traders who want a high variable rate without a monthly fee or lock-in. The Zeller Savings Account pays interest calculated daily, holds a 4.95% variable rate and charges fees of AUD 0.
Key facts
- Best for
- A business parking surplus cash and still being able to withdraw it.
- Headline rate
- 4.95%↗
- Rate type
- Variable↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Access terms
- Instant access, no lock-in periods; interest calculated daily and paid monthly on the Zeller Savings Account↗
- Monthly fee
- A$0↗
- Account kind
- Easy access↗
- Legal entity
- Zeller Australia Pty Ltd (ABN 14 649 001 383)↗
- Headquarters
- Australia↗
- Support channels
- Phone, Email, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- myzeller.com
Debit cards
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- TrustpilotLinkedInX
Pros and cons
Pros
- Interest on 4.95%, variable, calculated daily and paid monthly
- Easy-access account with instant access and no lock-in periods
- No monthly account charge, fees of AUD 0 on the business account
- Business Mastercard debit card with virtual card and travel features
Cons
- The rate is variable, so it can move rather than being locked for a term
- Built for business customers, so personal savers are outside the audience
- Interest is paid monthly rather than more often
Who it suits
- Businesses holding a trading float they need back on short notice
- Sole traders who want a variable rate without a monthly charge
- Anyone who wants a business debit card alongside the savings account
Who should look elsewhere
- People saving personally, since the account is for business customers
- Savers who want a fixed rate locked for a term, since this rate is variable
- Savers who need interest paid more often than monthly
Deposit protection
Deposits held with Zeller are covered FSCS up to GBP 85,000, so your balance is protected up to that limit rather than sitting uninsured. Zeller operates under 534281 in Australia, where the legal entity is Zeller Australia Pty Ltd, and it is also authorised by the 1029940 in the UK. Two regulators means the account is overseen on both sides, which is worth checking against the protection you would expect in your own market.
How Zeller compares
9.2 vs 8.0
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Where Zeller is available
- Available
- Australia, United Kingdom
- Licence in Australia
- Australian Financial Services Licence (AFSL) (534281), checked September 26, 2026
- Licence in United Kingdom
- Financial Conduct Authority (1029940), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does the Zeller Savings Account pay?+
The account pays a variable headline rate of 4.95%. A variable rate can move with market conditions, so the figure is worth checking at the point you compare. Interest is calculated daily and credited monthly, which keeps the balance compounding even though the payout is periodic.
Is there a minimum balance or monthly fee?+
The business account model is no monthly fee, and the monthly fee is AUD 0. There is no minimum deposit listed for the Zeller Savings Account. In practice that means a small trading balance can sit there without an ongoing charge cutting into the interest.
Can I get my money out when I need it?+
Yes. Access is instant, with no lock-in periods, and the account kind is easy access. Nothing has to be committed for a fixed term, which suits a business float that might be needed for payroll, tax or a supplier invoice at short notice.
Is the rate fixed or variable?+
The rate type is variable, so it is variable rather than fixed. Most easy-access accounts are variable, and easy-access is 75.2% of the market. The trade-off is flexibility: you can withdraw freely, but the rate can rise or fall.
Is my deposit protected?+
Yes. Deposits are covered FSCS up to GBP 85,000, so eligible balances are protected up to that limit. The protection comes through the UK deposit scheme, and the company also holds an Australian Financial Services Licence as well as UK Financial Conduct Authority authorisation.
Who is the account for?+
The audience is business, so the account is aimed at companies and business customers rather than personal savers. The legal entity is Zeller Australia Pty Ltd (ABN 14 649 001 383) and the group is headquartered in Australia, so it is an Australian business bank serving business money.
What card comes with the account?+
The card is a debit card on the mastercard network. Card features listed include a virtual-card option and travel cover, which is useful for staff buying travel or for keeping online card details separate from the main card.
How do I get help if something goes wrong?+
Support runs through phone, email and help centre, which covers phone, email and a help centre. A help centre is the most common route on the market at 79.6%, and phone support is close behind at 74.4%, so there is usually more than one way to reach a person.
Sources
- myzeller.com checked September 26, 2026
Backs: Deposit protection
- myzeller.com/au/about checked September 26, 2026
Backs: Headquarters, Legal entity
“Zeller operates in Australia, and is available to business owners who are located and operate in Australia. Zeller's headquarters are located in Melbourne, Australia.”
- myzeller.com/au/business-debit-mastercards checked September 26, 2026
Backs: Card type, Features, Card network
“Zeller Debit Card - Turn sales into business spending”
- myzeller.com/au/business-transaction-account/savings-account checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Rate type
“Access your money anytime”
- myzeller.com/au/pricing checked September 26, 2026
Backs: Pricing model, Monthly fee, Support channels, Licences
“There are no set-up fees, monthly fees, or lock-in contracts. You're only charged when you accept a payment.”
- myzeller.com/gb/pricing checked September 26, 2026
Backs: Audience
“Zeller Business Account - business financial solution”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Minimum deposit.