Time to rethink your savings game
Now that your eSaver introductory rate has ended, why not review your savings strategy and keep the upper hand.
How your interest rate compares now that your eSaver introductory rate has expired.
With a range of accounts available, you can stay in control of your savings.
Want a flexible account that rewards you for saving? With a Westpac Life account, you can:
Set up personal savings targets
Use our Savings Goals feature to set up and track your own savings targets.2
Earn bonus interest as you save
Up to 5.00% p.a. variable interest on your savings each month you grow your balance and keep the account balance above $0.1
Keep your savings and spending separate
Jump on to the app to see your transactions and savings accounts in one easy-to-view screen.
Prefer the certainty of a Term Deposit?
By opening a Term Deposit you can:
- Pick the term that suits you and enjoy the security of a fixed interest rate.
- Manage your account in Online Banking: no need to call or visit a branch.#
- Choose to have your interest paid monthly, keeping your income regular.
- Update your maturity or renewal instructions at any time without waiting until maturity.
Things you should know
Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 315KB)
Important Information Document (PDF 1MB)
Important Information Document (PDF 1MB)
Before making a decision about any of our products or services, please read all the terms and conditions. Fees and charges apply and may change.
Westpac everyday account: To open a Westpac Life or Bump 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.
1.
Variable Bonus interest: Up to 5.00% p.a. calculated based on 2.00% p.a. standard variable base rate plus 3.00% p.a. variable bonus rate payable each month when 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 variable 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.
Savings Goals: Both an account holder and an authorised user can use the Savings Goals feature, including to view, add, edit and delete the savings goals on a Westpac Life or Bump account.
Financial Claims Scheme: payments under the FCS are subject to a limit for each depositor. For more information visit
www.fcs.gov.au.
More on Term Deposits
# Westpac Online Banking will be available to update Term Deposits from 8:00am to 9.30pm on a Business Day and 8:00am to 4:00pm Saturdays (Sydney time)
Conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.
# Westpac Online Banking will be available to update Term Deposits from 8:00am to 9.30pm on a Business Day and 8:00am to 4:00pm Saturdays (Sydney time)
Conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.