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.
It only takes 5 - 10 minutes
New account holders earn a great rate of 3.82 % p.a. variable interest for 3 months, paid monthly; made up of:
If you haven’t held an eSaver account in the last 3 months, you'll receive a introductory fixed bonus rate of 1.32% 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.
Fees apply for non-automated Telephone Banking and a range of other transactions.
How does the eSaver account work?
Why Westpac eSaver?
When your eSaver account is open
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
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:
|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|
|Any other transactions||$5|
|Branch staff assisted withdrawal||$5|
|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.
|Introductory special rate for the first 3 months|
|Total introductory variable rate||3.82% p.a.|
|3 month introductory fixed rate||1.32% p.a.|
|Standard variable rate||2.50% p.a.|
When does the introductory special rate apply?
An introductory fixed bonus rate of 1.32% p.a. applies for the first 3 months, on top of the standard variable rate when:
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.