Award-winning
- Canstar's Outstanding Value for Savings Accounts 2026
- WeMoney Winner 2025 for Best Quality - Savings Accounts
- WeMoney Winner 2025 for Best Quality - Term Deposit Accounts
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Savings accounts
Saving for a goal or important event? Choose a savings account with bonus interest or a fixed introductory rate to meet your short- or long-term savings needs.
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Open an account
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Savings calculator
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I'm looking for
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Savings account
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Youth savings account
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Online savings account
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New to Australia
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Find the right Westpac savings account for you
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Filter by:
- filters:product-grouping/spend-and-save
- filters:product-grouping/short-term-savers
- filters:product-grouping/regular-savers
- filters:product-grouping/term-deposit
- filters:product-grouping/under-18
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- product-service:savings-accounts/life-account
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- product-service:savings-accounts/esaver-account
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- product-service:term-deposits
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- product-service:savings-accounts/bump-account
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Special offer
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Cashback offer
You could earn $50 cashback
You could earn $50 cashback with a new account.[#]
If you open a new Westpac Choice everyday account and an eligible savings account between 9 June and 30 September 2026, here's how you could get $50:
- Spend at least $50 on your debit card within 15 days of opening on eligible purchases
- You must not have held any Westpac transaction account or savings account in the last 2 years
- Accounts must be in your name only (no joint accounts). See all FAQs
Open now
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Rates and calculators
Calculate your savings potential
Estimate your monthly savings by starting with your current balance to determine how long it may take to reach your goal.
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Savings calculator
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Term deposit calculator
Use our calculator to explore how interest works for a term deposit.
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Term deposit calculator
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Savings account interest rates
Compare variable and fixed interest rates to help you decide what type of savings account works best for your needs.
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Savings rates
Term deposit interest rates
Check fixed interest rates for your chosen term and explore any available bonus rate offers.
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Term deposit rates
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Explore the Westpac App
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Westpac App
Australia's #1 Banking App
Rest assured knowing the smart budgeting and savings tools on Australia's best banking app[#] can help you get more from your dollars.
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Award-winning security
Secure your account with safeblock
Find out how Canstar's 2026 Innovation Excellence Award winner SafeBlock can help keep you safe when you need it most by locking your cards and account.
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Get both a banking and savings account
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Money matters
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Handy guides
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