Westpac eSaver

Earn great interest with our eSaver account, an online savings account with 24/7 access to funds.

At least your savings are pulling their weight
  •  

    Westpac eSaver

    It only takes 5 - 10 minutes

    Open account

Essentials

Why open an eSaver account? 

apn_Choice_tick.jpg Competitive interest rate on savings

apn_Choice_tick.jpg No monthly service fee1

apn_Choice_tick.jpg Unlimited access via a linked Westpac Choice account

apn_Choice_tick.jpg No minimum deposit or monthly balance

apn_Choice_tick.jpg Safe Online Banking with our security guarantee2


Boost your savings with a bonus

For new accounts, receive an introductory fixed bonus rate on top of the standard variable rate for the first 3 months.


Who is this account for?

  • Regularly transfer money into and out of savings
  • Do most of the day-to-day banking online
  • Already have a Westpac Choice account and are trying to save
    (if you don't have one, we'll open one for you)


Ready to open an eSaver account?

  •  

    Westpac eSaver

    It only takes 5 - 10 minutes

    Open account
  •  

    1300 558 724

    8am-8pm, 7 days a week

  •  

    Visit your local branch

     

    Find a branch
Things you should know
  • Information valid as at 15/12/2014 and subject to change. Terms and conditions, fees and charges apply.

    This information does not take your personal circumstances into consideration, read the terms and conditions available above and decide whether the products and services are appropriate for you.

    To qualify for the bonus interest you must not have held a Westpac eSaver account for the last 3 months. After 3 months, the standard variable interest rate, currently 1.75% p.a.
    will apply to your eSaver account.

    1. To hold a Westpac eSaver, customers must hold a Westpac transaction or savings account in the same name. Fees may apply on the other account.

    2. If your Westpac account is compromised as a result of Internet fraud we guarantee to refund any missing funds, providing you comply with our Online Banking Terms and Conditions.

Features

Accessing money is easy

Everything can be managed online! To move money in and out simply transfer funds between the eSaver and Westpac Choice accounts:

  • No fees when money is transferred between the two accounts
  • Use our award winning Online Banking services on desktop, phone or tablet
  • Safe Online Banking with our security guarantee1


Use an existing Westpac Choice transaction account or get a new one

To open an eSaver, you must have a Westpac Choice account, our popular award winning transaction account.

If you already have one, simply link it to the new eSaver in the application

If you don't have one, a Choice account will be opened as part of the eSaver application.


Westpac Choice comes with benefits including:

  • No monthly service fee when you deposit at least $2,000 each month (once deposited you can access it whenever you want) otherwise a $5 monthly fee applies
  • A Westpac Debit MasterCard® if requested
  • No ATM withdrawal fee at over 3,000 Westpac Group ATMs in Australia and New Zealand.
  • No ATM withdrawal fee at over 50,000 ATMs via our Global ATM Alliance partners (3% foreign currency fee applies)


What about fees?

  • No ongoing monthly service fees for eSaver account (fees may apply to the linked account)
  • No fees for Online Banking or Automated Telephone Banking transactions between the Westpac eSaver and Westpac linked account held in the same name


See fees that may apply

  •  

    Westpac eSaver

    It only takes 5 - 10 minutes

    Open account
  •  

    1300 558 724

    8am-8pm, 7 days a week

  •  

    Visit your local branch

     

    Find a branch
Things you should know
  • Information valid as at 15/12/2014 and subject to change. Terms and conditions, fees and charges apply.

    1. If your Westpac account is compromised as a result of Internet fraud we guarantee to refund any missing funds, providing you comply with our Online Banking Terms and Conditions.

    This information does not take your personal circumstances into consideration, read the terms and conditions available below and decide whether the products and services are appropriate for you.

    Debit MasterCard holders need to be at least 16 years of age, and have an Australian residential address to be eligible for the card. If you're not eligible for a Debit MasterCard, apply for a Handycard to access your account.

    Refer to the Westpac Debit MasterCard® Terms and Conditions for full details of when cardholders may be liable.

    MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

Fees

 Standard fees (fees may change) Amount
Monthly service fee$0
Online Banking (including Mobile Banking)$0
Telephone Banking withdrawal (automated)$0
Telephone Banking withdrawal (non-automated)$5
ATM transactionsN/A
Any other transactions$5
Direct debit$5
Branch staff assisted withdrawal$5
Cheque withdrawalN/A
Dishonour of direct debit or cheques written$9
Account overdrawn fee$9
Periodical payment not made$9

There are no fees for Online Banking or Automated Telephone Banking transactions between your Westpac eSaver and Westpac accounts held in the same name. To access your money, we recommend you transfer funds to your Westpac transaction account and  then make your withdrawal or payment.

Periodical payments , BPAY® and Pay Anyone cannot be made from eSaver.

  •  

    Westpac eSaver

    It only takes 5 - 10 minutes

    Open account
  •  

    1300 558 724

    8am-8pm, 7 days a week

  •  

    Visit your local branch

     

    Find a branch
Things you should know
  • Read the terms and conditions before making a decision and consider whether the product is appropriate for you.

    Fees and charges apply

    BPAY Registered to BPAY Pty Ltd ABN 69 079 137 578

  • Information valid as at 15/12/2014 and subject to change. Terms and conditions, fees and charges apply.

    This information does not take your personal circumstances into consideration, read the terms and conditions available above and decide whether the products and services are appropriate for you.

    To qualify for the bonus interest you must not have held a Westpac eSaver account for the last 3 months. After 3 months, the standard variable interest rate, currently 1.75% p.a.
    will apply to your eSaver account.

    1. To hold a Westpac eSaver, customers must hold a Westpac transaction or savings account in the same name. Fees may apply on the other account.

    2. If your Westpac account is compromised as a result of Internet fraud we guarantee to refund any missing funds, providing you comply with our Online Banking Terms and Conditions.

Rates

Introductory special rate for the first 3 months
Total introductory variable rate3.11% p.a.
3 month introductory fixed rate1.36% p.a.
Standard variable rate1.75% p.a.

When does the introductory special rate apply?

An introductory fixed bonus rate of 1.36% p.a. applies for the first 3 months, on top of the standard variable rate when:

  • You open a new Westpac eSaver account
  • You haven't held a Westpac eSaver account for the last 3 months.

After 3 months, the standard variable interest rate, currently 1.75% p.a. will apply to your eSaver account.

When is interest paid to my eSaver account?

Interest is paid on the last business day of each calendar month.
Balances in your account on or after the last business day won't be included in the interest calculation for that month but will be included in the interest calculation for the following month. Balances include deposits made to your account.

  •  

    Westpac eSaver

    It only takes 5 - 10 minutes

    Open account
  •  

    1300 558 724

    8am-8pm, 7 days a week

  •  

    Visit your local branch

     

    Find a branch
Things you should know
  • To hold a Westpac eSaver, customers must hold a Westpac transaction or savings account in the same name. Fees may apply on the other account.

    Fees and charges apply

  • Information valid as at 15/12/2014 and subject to change. Terms and conditions, fees and charges apply.

    This information does not take your personal circumstances into consideration, read the terms and conditions available above and decide whether the products and services are appropriate for you.

    To qualify for the bonus interest you must not have held a Westpac eSaver account for the last 3 months. After 3 months, the standard variable interest rate, currently 1.75% p.a.
    will apply to your eSaver account.

    1. To hold a Westpac eSaver, customers must hold a Westpac transaction or savings account in the same name. Fees may apply on the other account.

    2. If your Westpac account is compromised as a result of Internet fraud we guarantee to refund any missing funds, providing you comply with our Online Banking Terms and Conditions.