Bank accounts

Our everyday bank accounts are packed with features to help you manage and grow your money

Bank accounts + debit card

Transaction accounts designed to help you manage and access your money securely and conveniently.

Find out more

Savings accounts

Choose from savings accounts designed to support your long and short term savings goals that can reward you with a competitive interest rate.

Find out more

Term Deposits

Know exactly what your return will be with the certainty of a fixed interest rate and a choice of different terms.

Find out more

Get up to 3% p.a. variable interest on your savings

For 18-29-year olds

When you grow your savings with a Westpac Life account and make 5 eligible purchases with a debit card linked to your Choice account each month

This is made up of 0.20% p.a. variable base rate + 0.20% p.a. variable bonus for saving each month + 2.60% p.a. Spend&Save bonus for spending 5 times. Applies to the first $30,000 in your Westpac Life savings account. After this amount you’ll earn 0.40% p.a. variable interest.^

Open now Find out more

Help with your banking needs

New to Australia

Accounts for youths and students

Joint accounts

Access or send money overseas and foreign exchange

Business accounts

Exclusive online offer

$0 Monthly Plan Fee* for the first 12 months for new Business One Low Plan accounts opened online before 31 March 2021. Monthly Plan Fee is normally $10.

*Terms and conditions, fees and charges apply.

 

Get $50 on us!

Get $50 with a new Westpac Choice everyday bank account when you apply online by 7th April 2021, and deposit $500 and make 5 eligible purchases within 30 days. Under 30? You can also apply in branch. New transaction account customers only. T&Cs apply#

Find out more

Find a branch

Visit your local branch

Give us a call

1300 558 724

8am - 8pm, 7 days a week

Related links
Feature articles
Interest rates
Tools and calculators
Things you should know
Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 1MB) 
Westpac Debit Mastercard Terms and Conditions (PDF 206KB)
Westpac Emergency Cash and Westpac Get Cash Terms and Conditions (PDF 91KB) 
Online Banking Terms and Conditions (PDF 277KB) 
Find out what information you need to provide to become a customer (PDF 768KB) 
 

Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.


* Financial Claims Scheme: payments under the FCS are subject to a limit for each depositor. For more information visit  www.fcs.gov.au. 
1. Westpac everyday account: To open a Westpac Life account, customers must hold a Westpac everyday account in the same name and be registered for Online and Phone Banking.  Fees and charges may apply on the everyday account. 
2. Debit Mastercard®: holders need to be at least 14 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. 
 

Read the Apple Pay Terms and Conditions (PDF 1MB) before making a decision and consider if it is right for you. To use Apple Pay you will need an eligible card and a compatible device with a supported operating system. See our Apple Pay FAQs for more information. Apple, the Apple logo, Apple Pay, Apple Watch and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

 

^ 3% p.a. variable interest: earn up to 3% p.a. variable interest when you meet the criteria for both Westpac Life variable interest and Spend&Save Bonus variable interest. 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.
 

Westpac Life variable interest: includes a standard variable base rate plus a variable bonus rate. To earn the variable bonus interest you must make a deposit to your Westpac Life account, ensure the account balance is higher at the end than the beginning of the month and keep the account balance above $0. Interest is calculated on the daily balance of your Westpac Life account and paid on the last business day of the month.  

 

Spend&Save bonus variable interest: to earn the bonus variable interest, you must make 5 eligible purchases with the debit card linked to your Choice account and have these settled (not pending) within a calendar month. The following transactions are ineligible: ATM transactions, BPAY, EFTPOS cash out only transactions and purchases settled to a credit card account. Interest is calculated on the daily balance of your Westpac Life account(s) up to $30,000 and paid to your Westpac Life by the 20th day of the next month. If the account is closed, the interest payable will be paid into an alternate open Westpac transaction or savings account in your name by the end of the next month. 

Available to individuals aged 18-29 on new and existing sets of Westpac Life and Choice accounts from 1st July 2020 and may be varied or withdrawn at any time in accordance with the deposit account terms and conditions. Westpac Choice and Westpac Life sole or joint accounts must be opened in the same customer name(s). Eligible on a maximum of 3 sets of Choice and Westpac Life sole and/or joint accounts.

Westpac Deposit Accounts for personal and self-managed superannuation fund customers Terms and Conditions apply. (PDF 1MB)

 

# $50 Offer:  Fees and charges apply. Read the terms and conditions available at westpac.com.au before making a decision and consider whether the product is right for you. To be eligible for the $50 offer you must: open a new Westpac Choice account online between 29/01/2021 and 07/04/2021 (if you are under 30 years old you can apply online or in branch); and deposit $500 and make 5 eligible card purchases within 30 days of account opening. Eligible card purchases are purchases made using your Westpac debit card linked to your Choice account and excludes ATM transactions and EFTPOS cash out only transactions. If eligible you will receive $50 into your Choice account within 45 days of opening. All account holders on the new Choice account must not hold or have held a Westpac transaction account, or received this offer at any time to be eligible. Offer is limited to one eligible account and is not available in conjunction with any other offer. 

 

Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.