Westpac eSaver

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Introductory bonus interest

Why open an eSaver account?

Competitive interest rate on savings
No Account-Keeping Fee ²
Unlimited access via a linked Westpac Choice account (if you don't have one, we'll open one for you)
No minimum deposit or monthly balance
New Westpac eSaver customers receive an introductory fixed bonus rate on top of the standard variable rate for the first 5 months.

Security

Safe Online Banking guarantee

If your Westpac account is compromised as a result of Internet fraud, we guarantee to repay any missing funds, providing you comply with our Online Banking Terms and Conditions³

Protected by the Financial Claims Scheme

Deposits to this account and other eligible Westpac accounts are guaranteed by the Australian Government up to a total of $250,000 under the Financial Claims Scheme⁴

Westpac Protect SMS code

Increase your online banking security by using your mobile to confirm certain transactions via SMS.

Rates
Fees

Rates

Introductory special rate for the first 5 months
Total introductory variable rate	0.40% p.a.
5 month introductory fixed rate	0.35% p.a.
Standard variable rate	0.05% p.a.

When does the introductory special rate apply?

An introductory fixed bonus rate of 0.35% 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 0.05% p.a. will apply to your eSaver account.

When is interest paid to my eSaver account?

Interest is paid on the last business day of each calendar month.

Balances in your account on or after the last business day won't be included in the interest calculation for that month but will be included in the interest calculation for the following month. Balances include deposits made to your account.

Fees

Standard fees (fees may change)	Amount
Account-Keeping Fee	$0
Online Banking (including Mobile Banking)	$0
Telephone Banking withdrawal (automated)	$0
Telephone Banking withdrawal (non-automated)	$0
Domestic ATM Transactions⁵	Nil
Point of Sale (POS) transactions - All transactions conducted at a POS terminal	$0
Direct debit	$0
Branch staff assisted withdrawal	$0
Cheque withdrawal	N/A
Overdrawn Fee	$15

Overseas ATM Transactions & Foreign Transaction Fees apply. Refer to Terms and Conditions for details.

There are no fees for Online Banking or Automated Telephone Banking transactions between your Westpac eSaver and Westpac accounts held in the same name. To access your money, we recommend you transfer funds to your Westpac transaction account and then make your withdrawal or payment.

Periodical payments , BPAY® and Pay Anyone cannot be made from eSaver.

Other fees and charges may apply. Please refer to the Terms and Conditions (PDF 450KB)

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1300 558 724

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Interest rates

Tools and calculators

Things you should know

Deposit Accounts for Personal & SMSF customers Terms and Conditions (PDF 450KB)

Online Banking Terms and Conditions (PDF 341KB)

Personal Telephone Banking Terms and Conditions (PDF 104KB)

Find out what information you need to provide to become a customer (PDF 768KB)

Westpac Debit Mastercard Terms and Conditions (PDF 228KB)

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.

1. Bonus interest: If you have not had a Westpac eSaver account before, an introductory fixed bonus rate of 0.35% p.a. applies for the first 5 months, on top of the standard variable rate. After 5 months, the standard variable interest rate, currently 0.05% p.a. will apply. Existing or previous eSaver account holders are not eligible for this offer. Joint accounts are eligible where the primary account holder has not held an eSaver account before.

2. Westpac everyday account: To open a Westpac eSaver account, you must hold a Westpac everyday account. Fees and charges apply on a Westpac everyday account.

3. Safe Online Banking guarantee: ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Westpac promptly. Refer to the Westpac Online Banking Terms and Conditions (PDF 341KB) for full details, including when a customer will be liable.

4. Financial Claims Scheme: payments under the FCS are subject to a limit for each depositor. For more information visit www.fcs.gov.au.

5. .Non-Westpac Group branded ATMs: may apply an operator fee by the ATM owner for a balance enquiry or cash withdrawal made, which should be disclosed at the time of the transaction on the ATM screen. This fee is debited on the day (or next business day) of the transaction and is itemised separately on your statement.

World Mastercard^®, Mastercard^® and the Mastercard brand mark are registered trademarks of, and PayPass^TM is a trademark of, Mastercard International Incorporated.

BPAY® and Osko® are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.

Online savings account