FAQs

When will my Spend&Save bonus interest be paid?

Your Spend&Save variable bonus interest will be paid at a different time to your Westpac Life variable base interest and variable bonus interest.

If you’ve grown the balance in your Westpac Life savings in the month;

• Your Westpac Life base interest (2.00% p.a.) and bonus interest (3.00% p.a.) will be paid on the last business day of the month. You'll see this as 'INTEREST PAID' in your Westpac Life savings account.
  

If you’ve made 5 or more eligible purchases with your Westpac Choice debit card in the month;

• Your Spend&Save bonus interest (0.20% p.a.) will be paid by the 20th day of the next month. You'll see this as 'DEPOSIT SPEND AND SAVE' in your Westpac Life savings account.