FAQs

What happens if I have more than $150,000 in my Westpac Life savings account?

The Spend&Save variable bonus interest (0.75% p.a.) applies to the first $150,000 in your Westpac Life account, while the Westpac Life variable base interest (0.10% p.a.) and variable bonus interest (4.90% p.a.) applies to your entire savings balance. 

For example, if you have $200,000 in your Westpac Life account, and you fulfil all the criteria that month, you will receive:

• 5.75% p.a. variable interest on $150,000
• 5.00% p.a. variable interest on $50,000