Savings accounts rates
Westpac eSaver
| Amount | Rate p.a. |
|---|---|
| Introductory offer | 1.25% Fixed above the standard rate for the first 4 months1 |
| All balances | 4.25 % Variable |
| Total rate | 5.50% variable (including introductory offer) |
Reward Saver
| Amount | Rate p.a. |
|---|---|
| Standard base variable interest rate | 1.00% |
| Standard variable bonus | 4.50% deposit $50 and make no withdrawals |
| Earn up to | 5.50% |
Westpac Cash Manager
For Cash Manager interest is calculated daily on the tiered interest rate applicable to your entire account balance.
| Amount | Rate |
|---|---|
| 0 < $5,000 | 0.25% |
| $5,000 < $10,000 | 0.25% |
| $10,000 < $20,000 | 3.05% |
| $20,000 < $50,000 | 3.05% |
| $50,000 < $100,000 | 3.05% |
| $100,000 < $250,000 | 4.05% |
| $250,000 < $500,000 | 4.05% |
| $500,000+ | 4.30% |
Term Deposits
| Term | $5,000 <$10,000 | $10,000 <$20,000 | $20,000 <$50,000 | $50,000 <$100,000 | $100,000 <$250,000 |
|---|---|---|---|---|---|
| 1 < 2 months | 2.55% | 2.55% | 2.55% | 2.55% | 2.55% |
| 2 < 3 months | 2.55% | 2.55% | 2.55% | 2.55% | 2.55% |
| 3 < 4 months | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% |
| 4 < 5 months | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% |
| 5 < 6 months | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% |
| 6 < 7 months | 3.65% | 3.65% | 3.65% | 3.65% | 3.65% |
| 7 < 8 months | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% |
| 8 < 9 months | 5.35% | 5.35% | 5.35% | 5.35% | 5.35% |
| 9 < 10 months | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% |
| 10 < 11 months | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% |
| 11 < 12 months | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% |
| 12 < 24 months | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% |
| 24 < 36 months | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% |
| 36 < 48 months | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% |
| 48 < 60 months | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% |
| 60 months | 5.80% | 5.80% | 5.80% | 5.80% | 5.80% |
Special rates are highlighted in red.
Interest rates are % per annum. All investment balance ranges are in Australian dollars.
| Term | $5,000 <$10,000 | $10,000 <$20,000 | $20,000 <$50,000 | $50,000 <$100,000 | $100,000 <$250,000 |
|---|---|---|---|---|---|
| 1 < 2 months | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% |
| 2 < 3 months | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% |
| 3 < 4 months | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% |
| 4 < 5 months | 3.05% | 3.05% | 3.05% | 3.05% | 3.05% |
| 5 < 6 months | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% |
| 6 < 7 months | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% |
| 7 < 8 months | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% |
| 8 < 9 months | 5.15% | 5.15% | 5.15% | 5.15% | 5.15% |
| 9 < 10 months | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% |
| 10 < 11 months | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% |
| 11 < 12 months | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% |
| 12 < 24 months | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% |
| 24 < 36 months | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% |
| 36 < 48 months | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% |
| 48 < 60 months | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% |
| 60 months | 5.60% | 5.60% | 5.60% | 5.60% | 5.60% |
Our current Term Deposit rates are shown below. Look out for our latest special rates marked in red. You should note that:
- Interest rates are current as at 02 February 2012
- Rates are subject to change
- Special rates are not available in conjunction with any bonus interest or other special rates offered by Westpac
- If you are on a special rate and your Term Deposit rolls over automatically, the Term Deposit may be automatically re-invested at a lower rate than the current interest rate
- For rates on investment amounts above $250,000 please call 1300 362 742.
Interest options
Interest options are:
- Interest paid at maturity is available for terms of 12 months or less
- Interest paid monthly is available for terms of 1 to 60 months (inclusive)
- Interest paid annually is available for terms of greater than 12 months (for terms not equalling an exact year, the remaining interest is paid at the end of the term).
Term Deposit rates tables
Interest rates are % per annum. All investment balance ranges are in Australian dollars.
View Westpac Term Deposit essentials.
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.
