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Things you should know
  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. Westpac everyday account: To open a Westpac Life or Westpac eSaver account, you must hold a Westpac everyday account in the same name. Fees and charges apply on a Westpac everyday account.

  3. Parental Control: parents or guardians must be an account signatory to have Parental Control. There is a limit of two signatories per Bump Savings account. For children under 12 years of age, Parental Control is mandatory and self service Telephone Banking is not available. The account signatory must also be present in branch to authorise withdrawals. For children aged 12 years and over, Parental Control is optional and access levels can be amended by the child at any time. The child must be registered for Westpac Online Banking and Westpac Telephone Banking to access accounts online or over the phone.

  4. Savings Goals: Both an account holder and an account signatory (where applicable) can use the Savings Goals feature in Online Banking, including to view, add, edit and delete the Savings Goals on Westpac Life or Bump Savings account. Online Banking Terms and Conditions apply.

^ Rate is available for new Term Deposits from $5,000 to $5,000,000. Personal customers only. Private Bank customers may need to contact their Relationship Manager to obtain this rate. Not available for business, coporate, institutional or government customers. 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 on Westpac Term Deposits. 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 If the deposit or any part of it is withdrawn early, and interest rate adjustment will normally apply.