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Everyday Banking

Westpac Choice

Our most popular bank account to help manage your everyday banking needs. Multiple ways to access funds, whether here or overseas.

Why open a Westpac Choice account?
  • Westpac Debit MasterCard® 1
  • Westpac Online Banking + Mobile Banking
  • No monthly account fee if you deposit at least $2,000 each month (other fees may apply)

 

Did you know?

We have account features for those new to Australia, students, under 21s, concession holders and an account for 55+ and retired.


Savings account

Westpac eSaver

Our online savings account, with an introductory bonus rate. Link it to your everyday account for 24/7 access to funds.

Why open an eSaver account?
  • 24/7 access to funds via your linked everyday account
  • $0 monthly service fee on eSaver
  • No minimum balance

Savings account

Reward Saver

Serious savers be rewarded with bonus interest each calendar month.

Why open a Reward Saver account?
  • Earn bonus interest by making no withdrawals and depositing at least $50 a month
  • No monthly service fee (other fees apply)
  • No minimum balance to open the account

 

Did you know?

We have account features for those aged 12-21 and under 12s.


Term Deposit

Fixed interest offering certainty of return, you decide the term; 1 month to 5 years, with multiple options at maturity. You can also manage and renew your Term Deposit online.

Why open a Westpac Term Deposit?
  • Open a term deposit with $5,000 or more
  • No set-up, monthly service or management  fees
  • Choose the period of time you want to invest your money for - fixed terms from 1 month to 5 years
  • Interest payable at maturity, annually or monthly, depending on term

 

Did you know?

You can now renew your Term Deposit in Online Banking.
 


Things you should know

Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 427KB)

Westpac Debit MasterCard® Terms and Conditions (PDF 199KB)

Online Banking Terms and Conditions (PDF 385KB)

Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 3MB)

Important Information regarding Term Deposits and Farm Management Deposits (PDF 119KB)

Westpac Emergency Cash and Westpac Cardless Cash - Terms and conditions (PDF 73KB)

Before making a decision about any of our products or services, please read all the terms and conditions. Fees and charges apply and may change.

1. Debit MasterCard holders need to be at least 16 years of age, and have an Australian residential address to be eligible for the card. If you're not eligible for a Debit MasterCard, apply for a Handycard to access your account.

More on term deposits:

Minimum balance of $5,000, maximum balance of $10,000,000. If the rate applying to your term deposit is a special or standard rate and your term deposit rolls over automatically, it may be automatically re-invested at a lower rate than the initial rate (including any initial special rate). An interest rate adjustment may apply if your term deposit funds are withdrawn before maturity.

Westpac Term Deposits are covered by the Australian Government Deposit Guarantee, capped at $250,000 per Westpac account holder.

World MasterCard®, MasterCard® and the MasterCard brand mark are registered trademarks, and PayPass is a trademark of MasterCard International Incorporated.