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Savings account interest rates

At a glance you can compare savings account rates to work out what best suits your needs. An online savings account usually offers a higher interest rate; while those with a specific goal might prefer a savings account that rewards regular savers with bonus interest.

  Westpac eSaver Westpac Life
Bump Savings - for under 18s Term Deposits
  A savings account that offers a great interest rate with access to funds through a linked account via Online Banking and Telephone Banking. A flexible savings account with bonus interest for regular savers that supports both long and short term savings goals. A regular savings account designed for children to  support their long-term  savings needs A term deposit let's you invest your money with the certainty of a fixed interest rate and a choice of terms. 
Total variable rate 2.51% p.a. for the first 5 months (new eSaver customers only) 2.30% p.a. if bonus interest criteria are met  2.30% p.a. if bonus interest criteria are met See rates
Standard variable rate 0.80% p.a. 1.50% p.a.   1.50% p.a. N/A 
Special offer rate Total variable rate includes fixed introductory bonus of 1.71% p.a. for first 5 months for new eSaver customers N/A
N/A N/A
Bonus variable rate N/A

0.80% p.a.

Bonus interest is payable each month that you:

  • Make a deposit to the account;
  • Ensure your account balance is higher at the end of the month than the beginning; and
  • Keep your account balance above $0 at all times.


For bonus interest qualification, a month is the period from close of business on the last business day of the previous month to close of business on the last business day of the current month

0.80% p.a.

Bonus interest is payable each month that you:

  • Make a deposit to the account;
  • Ensure your account balance is higher at the end of the month than the beginning; and
  • Keep your account balance above $0 at all times.


For bonus interest qualification, a month is the period from close of business on the last business day of the previous month to close of business on the last business day of the current month

N/A
Fixed rate N/A N/A N/A 12 < 24 months  $5000 < $250000  2.30%
24 < 36 months  $5000 < $250000  2.40%
36 months  $5000 < $250000  2.50%
  More about eSaver More about Westpac Life
More about Bump Savings More about Term Deposits
Interest is calculated daily and paid monthly.

 

Things you should know

Conditions, fees and charges apply.