Skip to main content Skip to main navigation
Skip to accessibility page Skip to search input

Personal accounts no longer for sale

The products below are no longer offered to customers. The below information is for existing account holders only.

For more information about the benefits, features and fees of these products, please see the

Deposit accounts for personal customers (no longer for sale): Terms & Conditions (PDF 323KB)

Transaction accounts no longer for sale:

  • Basic Account
  • Westpac Choice eAccount
  • Classic
  • Classic Plus
  • Westpac One
  • Westpac One Basic
  • Westpac One Premium
  • Westpac Passbook 55+ and Retired
  • Passbook
  • Personal Cheque


Savings and Investments accounts no longer for sale:

  • Bonus Saver
  • Cash Management
  • Cash Management Investor Option
  • Westpac Cash Manager
  • Max-i Direct
  • Premium Saver
  • Westpac Reward Saver
  • Westpac Student Reward Saver

Personal Accounts Interest Rates – No Longer Available for Sale

  Max-i Direct
(% p.a.)
Cash
Management
Account 
(% p.a.)
Cash Management
Account – Investor
Option
(% p.a.)
Westpac Reward Saver,
Including Student, Youth,
Kids & As Trustee For
(ATF)
(% p.a.)
Bonus Saver
(% p.a.)
Passbook
Saver
(% p.a.)
Premium
Saver
(% p.a.)
Basic Account
(% p.a.)
Base Rate Bonus Rate Base Rate Bonus Rate
$0 to less than $1,000 0.01% 0% 0%

0.01%

 

0.09% 0% 0.05% 0% 0% 0%
$1,000 to less than $5,000 0.01% 0% 0% 0.01% 0.09% 0% 0.05% 0% 0% 0%
$5,000 to less than $10,000 0.01% 0% 0% 0.01% 0.09% 0% 0.05% 0% 0% 0%
$10,000 to less than $20,000 0.01% 0% 0% 0.01% 0.09% 0.01% 0.05% 0% 0% 0%
$20,000 to less than $50,000 0.01% 0% 0% 0.01% 0.09% 0.01% 0.05% 0% 0% 0%
$50,000 to less than $100,000 0.01% 0% 0% 0.01% 0.09% 0.01% 0.05% 0% 0% 0%
$100,000 to less than $250,000 0.10% 0.01% 0.01% 0.01% 0.09% 0.01% 0.05% 0% 0% 0%
$250,000 and over 0.10% 0.01% 0.01% 0.01% 0.09% 0.01% 0.05% 0% 0% 0%

 

 

 

  Westpac Passbook 55+ & Retired
(% p.a.)
  Personal Cheque
(% p.a.)
$0 to less than $10,000

0.10%

$0 to less than $50,000 0%
$10,000 to less than $50,000

0.25%

 

 

 

$50,000 to less than $100,000 0%
$50,000 to less than $250,000 0.85% $100,000 to less than $250,000 0%
$250,000 and over 1.05% $250,000 and over 0%

 

 

Personal Accounts Interest Rates – No Longer Available for Sale

  Classic
(% p.a.)
Westpac
Cash
Manager
(% p.a.)
Westpac One
(% p.a.)
Westpac One Premium
(% p.a.)
Westpac One Basic
(% p.a.)
Westpac
Choice
eAccount
(% p.a.)
Classic Plus
(% p.a)
Base Rate Bonus Rate Base Rate Bonus Rate Base Rate Bonus Rate
$0 to less than $5,000 0% 0.05% 0% 0.10% 0% 0.15% 0% 0.15% 0% 0%
$5,000 to less than $10,000 0% 0.05% 0% 0.10% 0% 0.15% 0% 0.15% 0% 0%
$10,000 to less than $15,000 0% 0.05% 0% 0.10% 0% 0.15% 0% 0.15% 0% 0%
$15,000 to less than $20,000 0% 0.05% 0% 0.10% 0% 0.15% 0% 0.15% 0% 0%
$20,000 to less than $50,000 0% 0.05% 0% 0.10% 0.01% 0.15% 0% 0.15% 0% 0%
$50,000 to less than $100,000 0% 0.05% 0% 0.10% 0.01% 0.15% 0% 0.15% 0% 0%
$100,000 to less than $250,000 0% 0.05% 0% 0.10% 0.01% 0.15% 0% 0.15% 0% 0%
$250,000 to less than $500,000 0% 0.05% 0% 0% 0.01% 0.15% 0% 0.15% 0% 0%
$500,000 and over 0% 0.05% 0% 0% 0.01% 0.15% 0% 0.15% 0% 0%

 

For individual savings accounts in Westpac One, Westpac One Basic, Westpac One Premium, Westpac Reward Saver (including Westpac Reward Saver for Students, Youth, Kids and As Trustee For), and Bonus Saver, in addition to the base interest rate (where applicable), bonus interest is payable provided the criteria listed below is fulfilled before the last business day of the calendar month: 

 

Individual savings accounts in Westpac One Basic, Westpac One Premium and Bonus Saver

  • Deposit of any amount made to the account;
  • No withdrawals made (except bank account fees, government transaction taxes or withdrawal of funds to place in Westpac Term Deposit); and
  • A positive/credit balance is maintained at all times.

 

Individual savings accounts in Westpac One

  • Deposit of any amount made to the account;
  • No withdrawals made (except bank account fees, government transaction taxes or withdrawal of funds to place in Westpac Term Deposit); and
  • An account balance between $0 and $250,000 is maintained at all times.

 

Westpac Reward Saver

  • Deposit of at least $50 made to the account;
  • No withdrawals made (except bank account fees, government transaction taxes or withdrawal of funds to place in Westpac Term Deposit); and
  • A positive/credit balance is maintained at all times.

 

Westpac Reward Saver for Students, Youth, Kids and As Trustee For (ATF)

  • Deposit of any amount made to the account;
  • No withdrawals made (except bank account fees, government transaction taxes or withdrawal of funds to place in Westpac Term Deposit); and
  • A positive/credit balance is maintained at all times.
Things you should know


Conditions, fees and charges apply. Interest rates (including interest tiers, where applicable) are subject to change.
 

The information on our website is prepared without taking into account your personal objectives, circumstances or needs. Before making a decision, it’s best to read the Terms and Conditions and consider if a product is right for you: 
 

Deposit accounts for personal customers (no longer for sale): Terms & Conditions (PDF 323KB)
 

You should keep a copy of the Terms and Conditions for your records and you can also request a paper copy at a branch. If you need help, ask at any branch or please call 132 032.

 

To avoid being charged interest on any unarranged debt, you should always try to keep a positive balance in your deposit accounts. If your account becomes overdrawn without arrangement, debit interest will be charged to that account. It will be calculated daily on the debit balance (and deducted on the last business day of each month) using the then current Unarranged Lending Rate (ULR) until the account balance is positive again. The current unarranged lending rate is available by contacting us on 132 032 (or +61 2 9155 7700 if calling from outside of Australia) or visiting www.westpac.com.au.

 

Westpac Banking Corporation ABN 33 007 457 141, AFSL and Australian credit licence 233714. WBCIRNFSP01 0319