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Not for Sale Personal Accounts Interest Rates

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

Personal Accounts – 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 0.15% 0.01% 0.01% 0.01% 0.09% 0.01% 0.05% 0% 0% 0%
$250,000 and over 0.15% 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 – 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%

 

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.


For individual savings accounts in Westpac One, Westpac One Basic, Westpac One Premium, Westpac Reward Saver, Westpac Student Reward Saver and for Bonus Saver accounts, in addition to the base interest rate (where applicable), bonus interest is payable on the total account balance, provided two criteria are satisfied. The first is that at least one deposit must be made, and no withdrawals of any type (except bank account fees, government transaction taxes or withdrawal of funds to place in Westpac Term Deposit) are to be made on or before the last business day of the calendar month. The second is that you must keep a positive/credit balance in your account at all times during the calendar month. If you meet the bonus interest criteria, bonus interest will be paid to the account on the full balance up to $250,000. Bonus interest will not be paid on the portion of the balance above $250,000.  For Westpac One and Westpac One Basic packages, tiered interest is not paid on accounts in your package, however bonus interest is paid on eligible savings accounts (i.e eligible savings accounts) with balances up to $250,000. Bonus interest is not paid on the portion of the account balance over $250,000. For Westpac One Premium, tiered interest is paid on the total of the credit balances of the accounts in your package and bonus interest is paid on eligible savings accounts.
 

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.

 

This information is current as at 28th June 2019. Westpac Banking Corporation ABN 33 007 457 141, AFSL and Australian credit licence 233714. WBCIRNFSP01 0319