Westpac eSaver

Earn great interest with our eSaver account, an online savings account that links to your Westpac everyday bank account with immediate, 24/7 access to funds.

3 months bonus fixed interest. $0 monthly service fee. No minimum balance.
  • Apply now

    It only takes 5 - 10 minutes

    Apply online
  • What do I need to apply?

    Your basic personal
    and contact details.

Essentials

  • No monthly service fee: No minimum balance
  • Unlimited and instant access via Online, Mobile and automated Telephone Banking
  • Our security guarantee protects you from online fraud.

Interest'ing times 

New account holders earn a great rate of 4.00 % p.a. variable interest for 3 months, paid monthly; made up of:

  • 2.50 % p.a. standard variable base rate
  • 1.50 % p.a. introductory fixed bonus rate for 3 months (if you haven't held an eSaver account in the last 3 months).

More on the introductory fixed bonus rate

If you haven’t held an eSaver account in the last 3 months, you'll receive a introductory fixed bonus rate of 1.50% p.a. on top of the standard variable base rate for the first 3 months from the time the account was opened. The standard variable base rate may be changed at any time, but the introductory fixed bonus rate will not change while it applies.

When do fees apply?

Fees apply for non-automated Telephone Banking and a range of other transactions.

  •  

    Give us a call

    1300 558 724

    8am-8pm, 7 days a week

  • Apply now

    It only takes 5 - 10 minutes

    Apply online

Features

How does the eSaver account work?

  • To use your eSaver account you need a Westpac transaction or savings account in the same name. This lets you move money in and out of your eSaver account whenever you like
  • When you do this, fees may apply on your linked transaction or savings account.

Why Westpac eSaver?

  • Awarded 5 stars in 2012 for Outstanding Value for an Online Saver Account by CANNEX, an independent rating agency
  • Westpac has been helping people securely save for 195 years.

When your eSaver account is open

Register for Westpac Online Banking and/or Telephone Banking for more ways to access your money.  


eSaver account statements

Registered for Online Banking? You’ll automatically receive eStatements every 6 months.

Note: if you are registered for Online Banking, but don’t login when applying for this account, you’ll be sent paper statements. You can switch to eStatements at any time by logging in to Online Banking and choosing Manage your accounts.

Things to know about eStatements

  • Get easy access to 7 years of transactions online
  • Less paperwork means potentially more protection from identity theft
  • It’s a good idea to print or save eStatements for account reconciliation.

Learn more about eStatements.

Not registered for Online Banking? You’ll be sent paper statements every 6 months.

Once your account is set up, you can call 132 032 or visit a branch to:

 
Just a note: You need to register for Westpac Online Banking before you can use it. Please check the terms and conditions before deciding to register.

  •  

    Give us a call

    1300 558 724

    8am-8pm, 7 days a week

  • Apply now

    It only takes 5 - 10 minutes

    Apply online

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  then make your withdrawal or payment.

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

  •  

    Give us a call

    1300 558 724

    8am-8pm, 7 days a week

  • Apply now

    It only takes 5 - 10 minutes

    Apply online

Rates

Introductory special rate for the first 3 months
Total introductory variable rate4.00% p.a.
3 month introductory fixed rate1.50% p.a.
Standard variable rate2.50% p.a.

When does the introductory special rate apply?

An introductory fixed bonus rate of 1.50% 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 2.50% 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.

  •  

    Give us a call

    1300 558 724

    8am-8pm, 7 days a week

  • Apply now

    It only takes 5 - 10 minutes

    Apply online