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What happens if I don’t make Five eligible purchases?


You won’t be eligible for the 2.25% p.a. Spend&Save rate if you don’t make Five eligible purchases by the end of the month. However, you can still earn up to 0.75% p.a. on your savings if you grow your Westpac Life savings balance by the end of the month.


Eligible payments are those made using the linked debit card including in-store, online purchases, PayPass, Apple Pay, Samsung Pay, Google Pay, Garmin Pay, Fitbit Pay and Westpac PayWear.

Ineligible transactions are ATM transactions, BPAY, EFTPOS cash out only transactions and purchases settled to a credit card account.

All eligible purchases need to be settled (not pending) by the end of the month.