In many cases, businesses and organisations use the LLL Business Savings Account to store surplus funds for investment or until they are needed for payment of GST, superannuation, long service leave and so on. However, depending on the type of business, the account may be suitable as the primary working account.
An LLL Business Savings Account is an online account through LLL@Home. These accounts have a range of features including:
A business or organisation can open an LLL Business Savings Account and nominate it as a Matching Deposit to a Lutheran Church of Australia project. The Business Savings Account is not affected by being a Matching Deposit and can be operated as usual, receiving interest while having no fees and needing no minimum deposit or balance.