Savings Accounts
Westpac Life
A flexible savings account with bonus interest for regular savers that supports both long and short term savings goals.
Why open a Westpac Life account?
- Manage long term and short term goals within a single account with Savings Goals
- Enjoy a competitive base rate plus bonus interest each month you grow your balance1
- Unlimited access to your money online through your Westpac everyday account
Open in less than 3 minutes
Westpac eSaver
Our online savings account, with unlimited access.
An online savings account with a great interest2 rate, plus:
- 24/7 access to funds via your linked everyday account
- $0 monthly service fee on eSaver
- No minimum balance.
Open in less than 3 minutes
Bump Savings
An account designed to help children kick start their savings. Available for under 18s.
Why open a Bump Savings account?
- Learn the importance of saving at a young age
- Start early to get set up for the future
- Enjoy a competitive base interest rate plus bonus interest each month you grow your balance1
Open an account
Home Saver Calculator
It takes the average person around 5.6 years to save for their first home, find out how long it might take you.
Things you should know
Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 12MB)
Westpac Emergency Cash and Westpac Get Cash Terms and Conditions (PDF 133KB)
Online Banking Terms and Conditions (PDF 296KB)
Find out what information you need to provide to become a customer (PDF 768KB)
1. 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.
2. eSaver: An introductory fixed bonus rate of 2.01% 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 0.50% p.a. will apply to your eSaver account.