Westpac Banking Corporation

Bank accounts Rates, calculators and tools

Savings account rates

Product Access to funds Earn up to
eSaver Electronically (Online, Telephone Banking)
5.50% 		View rates in detail

An online savings account offering high interest that is paid to you monthly

Standard variable rate 4.25% p.a.
 Introductory fixed bonus rate (for 4months)1  1.25% p.a.
Total interest
5.50% p.a.

Find out more about eSaver

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Westpac Reward Saver Branch, Online, Telephone Banking 5.50% View rates in detail

Be rewarded for good saving habits: just open an account before 10 October 2010 and make no withdrawals and deposit $50 each month and earn bonus interest to really boost your savings.

 Standard base variable rate2  1.00%p.a.
 Promotional fixed rate for 4 months2  0.00%p.a.
Standard variable bonus rate3 4.50%p.a.
Total interest 5.50% p.a.

Find out more about Reward Saver

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Westpac Cash Manager Full access 4.80% View rates in detail

Works as a account offering competitive interest on balances of $10,000 and over, while also giving you the convenience of an everyday transaction account. It’s a savings account that lets you withdraw funds at any time.

0 < $5,000 0.25% p.a.
$5,000 < $10,000 0.25% p.a.
$10,000 < $20,000 3.05% p.a.
$20,000 < $50,000 3.05% p.a.
$50,000 < $100,000 3.05% p.a.
$100,000 < $250,000 4.05% p.a.
$250,000 < $500,000 4.05% p.a.
$500,000+ 4.80% p.a.

Find out more about Westpac Cash Manager

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Term Deposit Locked away until end of term 5.80% View rates in detail

Lock your money away for a set period in a high interest account and know exactly what your return will be, and when.

The rates below are for amounts of $5,000 to less than $250,000. 

For amounts above $250,000 please call us on 132 032 or we can call you now.

Term in
months 		Interest
paid 		$5,000 to
$9,999 		$10,000 to
$19,999 		$20,000 to
$49,999 		$50,000 to
$99,999 		$100,000 to
$250,000
60 Annually 5.80% 5.80% 5.80% 5.80% 5.80%
Monthly 5.60% 5.60% 5.60% 5.60% 5.60%
48 < 60 Annually 5.30% 5.30% 5.30% 5.30% 5.30%
Monthly 5.10% 5.10% 5.10% 5.10% 5.10%
36 < 48 Annually 5.30% 5.30% 5.30% 5.30% 5.30%
Monthly 5.10% 5.10% 5.10% 5.10% 5.10%
24 < 36 Annually 5.30% 5.30% 5.30% 5.30% 5.30%
Monthly 5.10% 5.10% 4.80% 4.80% 4.80%
12 < 24 Annually 5.00% 5.00% 3.75% 3.75% 3.75%
Monthly 4.80% 4.80% 4.80% 4.80% 4.80%
11 < 12 Annually 3.75% 3.75% 3.75% 3.75% 3.75%
Monthly 3.55% 3.55% 3.55% 3.55% 3.55%
10 < 11 Annually 3.75% 3.75% 3.75% 3.75% 3.75%
Monthly 3.55% 3.55% 3.55% 3.55% 3.55%
9 < 10 Annually 3.75% 3.75% 3.75% 3.75% 3.75%
Monthly 3.55% 3.55% 3.55% 3.55% 3.55%
8 < 9 Annually 5.35% 5.35% 5.35% 5.35% 5.35%
Monthly 5.15% 5.15% 5.15% 5.15% 5.15%
7 < 8 Annually 3.75% 3.75% 3.75% 3.75% 3.75%
Monthly 3.55% 3.55% 3.55% 3.55% 3.55%
6 < 7 Annually 3.65% 3.65% 3.65% 3.65% 3.65%
Monthly 3.45% 3.45% 3.45% 3.45% 3.45%
5 < 6 Annually 5.50% 5.50% 5.50% 5.50% 5.50%
Monthly 5.30% 5.30% 5.30% 5.30% 5.30%
4 < 5 Annually 3.25% 3.25% 3.25% 3.25% 3.25%
Monthly 3.05% 3.05% 3.05% 3.05% 3.05%
3 < 4 Annually 5.50% 5.50% 5.50% 5.50% 5.50%
Monthly 5.30% 5.30% 5.30% 5.30% 5.30%
2 < 3 Annually 2.55% 2.55% 2.55% 2.55% 2.55%
Monthly 2.35% 2.35% 2.35% 2.35% 2.35%
1 < 2 Annually 2.55% 2.55% 2.55% 2.55% 2.55%
Monthly 2.35% 2.35% 2.35% 2.35% 2.35%

Find out more about Term Deposit

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Choosing the right savings account for you

Savings comparison calculator
Calculate how much you'll save by comparing Westpac savings products with each other or against other products on the market.

Savings accounts product selector
Find the right savings account for your needs.

Savings accounts comparison table
Compare Westpac savings products features and access details and fee information.

Have a savings goal but not sure where to start?

We can help you to reach your goal using a step by step guide that will help get you on your way. It all begins with assessing how much you currently spend, and work out what you can save. Once you know that, we can then help you:

Start saving for your goal

Things you should know

  • Fees and charges may be payable. Terms and Conditions apply. These may be varied, or new Terms and Conditions introduced in the future. See our comparison table for a list of current interest rates and fees.

  • 1. If you open a new Westpac eSaver account and you have not held an eSaver account in the last 3 months, you'll receive a fixed bonus rate of 1.25% p.a. on top of standard variable rate for the first 4 months from account opening. The standard variable rate may be changed at any time, but the fixed bonus rate will not change while it applies.
  • 3. Bonus interest is payable on the full balance when bonus interest criteria is met, that is a credit balance is maintained, a customer initiated deposit of $50 and no withdrawals are made in the month (except bank account fees, government transaction taxes or a branch withdrawal of funds to place in a Westpac Term Deposit). Balances in your account on and after the last business day of the month, including deposits made to your account on or after the last business day of the month will not be included in the interest calculation and interest rate applicable for that month, but in the interest calculation and interest rate applicable for the following month.
  • For all accounts, balances in your account on and after the last business day of the month, including deposits made to your account on or after the last business day of the month, will not be included in the interest calculation for that month, but in the interest calculation for the following month.
  • If you open a new Westpac eSaver account between and you have not held an eSaver account in the last 3 months, you'll receive a fixed bonus rate of 1.25% p.a. on top of standard variable rate for the first 4 months from account opening. The standard variable rate may be changed at any time, but the fixed bonus rate will not change while it applies.