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Westpac Choice

Open an everyday account


  • Access your money with a 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)
  •  Westpac PayWear - a wearable that lets you pay on the go using the same contactless technology as your Debit Mastercard.

Or need a different account?

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

Savings Accounts

Westpac Life

A flexible savings account with bonus interest2

Earn up to 2.30% p.a. variable interest rate, including:

  • 1.50% p.a. standard variable base rate plus
  • 0.80% p.a. variable bonus rate each month you grow your balance1

Westpac eSaver

Our online savings account with unlimited access

2.41% p.a. for the first 5 months for new Westpac eSaver customers2

  • 0.80% p.a. standard variable base rate plus
  • 1.61% p.a. 5 month introductory fixed rate


Bump Savings

A savings account designed to help children under 18 kick start their savings

Earn up to 2.30% p.a. variable interest rate, including:

  • 1.50% p.a. standard variable base rate plus
  • 0.80%  p.a. variable bonus rate each month you grow your balance1

Term Deposits

Open a Term Deposit

A Westpac Term Deposit lets you invest your money with the certainty of a fixed interest rate and a choice of terms.

Renew a Term Deposit

Manage and renew your Term Deposit online using Westpac Online Banking – you may even be eligible for a special rate.

2.50% p.a. for 10 months fixed rate Term Deposit

Interest paid at maturity. Offer available from Tuesday, 13 February 2018 to Tuesday, 27 February 2018, inclusive.

Terms and conditions apply* Find out more

Accounts for

Under 21s and students

Special offer: $50 on us

New to Westpac Choice? Open an account online by 29 March 2018 and deposit $250 within 45 days and we’ll deposit $50 into your account. *Conditions apply.

Moving to Australia

Special offer: $50 on us

New to Westpac Choice? Open an account online by 29 March 2018 and deposit $250 within 45 days and we’ll deposit $50 into your account. *Conditions apply.


$0 Monthly Plan Fee* for 12 months

$0 Monthly Plan Fee for the first 12 months for new Business One Low Plan accounts opened before 28 February 2018. *Conditions apply.

Things you should know

* Important Information: Rate is available on deposits from $5,000 to $5,000,000. Personal customers only – not available for business, corporate, institutional or government customers. Special rate will only apply to new Term Deposits and excludes funds rolled over from existing Westpac Term Deposits. Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Rate is not available in conjunction with any bonus interest or other special rates offered by Westpac. You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship). If the deposit or any part of it is withdrawn early, an interest rate adjustment will normally apply. This information does not take into account your personal needs, circumstances or financial objectives. Before making a decision, read the terms and conditions at and consider if the product is right for you. © 2017 Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 1MB)

Westpac Debit Mastercard® Terms and Conditions (PDF 149KB)

Online Banking Terms and Conditions (PDF 288KB)

Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 110KB)

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

Westpac Emergency Cash and Westpac Cardless Cash - Terms and conditions (PDF 115KB)

Before making a decision about any of our products or services, please read relevant 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.

2. Bonus Interest: payable each month that you make a deposit to the account, ensure the account balance is higher at the end than the beginning of the month, and keep the account balance above $0. For bonus interest qualification, a month is the period from close of business on the last business day of the prior month to close of business on the last business day of the current month.

3. eSaver: An introductory fixed bonus rate of 1.61% p.a. applies for the first 5 months, on top of the standard variable rate when you are a new Westpac eSaver customer. After 5 months, the standard variable interest rate, currently 0.80% p.a. will apply to your eSaver account.

Westpac bank accounts are part of the Westpac Group, including St.George, Bank of Melbourne, BankSA and Westpac.

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.


*$50 Offer: Fees and charges apply. Read the terms and conditions before making a decision and consider whether the product is appropriate for you.
Under 21: You must be under 21 or a full time student or new to Australia (arrived in the last 12 months).

Moving to Australia: You must be under 21 or a full time student or new to Australia (arrived in the last 12 months).  Identification must be completed in branch to receive the $50.
Excludes customers who have held a Choice account with Westpac anytime from 5/2/17. You must be under 21 or a full time student or new to Australia (i.e., arrived in the last 12 months). Eligible customers need to open a Choice account online between 5/2/18 and 29/3/18 (inclusive) and deposit a minimum of $250 within 45 days of account opening. Eligible customers who have completed identification will receive $50 deposited into their account within 55 days of account opening. Offer limited to one $50 deposit per eligible customer. Where a joint account is opened, the offer is limited to only one $50 deposit in respect of the account. If one of the joint account holders has already received their $50 deposit in respect of another account, then none of the remaining joint account holders will be eligible for the offer in respect of the joint account.

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