Savings account interest rates

Westpac Life
Westpac eSaver
Bump Savings - for under 18s
Term Deposits

Westpac Life

A flexible savings account with bonus interest for regular savers that supports both long and short term savings goals.

Total variable rate	0.50% p.a. if bonus interest criteria are met
Standard variable rate	0.15% p.a.
Bonus variable rate	0.35% 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

Open now Open now Find out more Find out more

Westpac eSaver

A savings account that offers a great interest rate with access to funds through a linked account via Online Banking and Telephone Banking.

Total variable rate	0.50% p.a. for the first 5 months (new eSaver customers only)
Standard variable rate	0.05% p.a.
Special offer rate	Total variable rate includes fixed introductory bonus of 0.45% p.a. for first 5 months for new eSaver customers

Open now Open now Find out more Find out more

Bump Savings - for under 18s

A regular savings account designed for children to support their long-term savings needs

Total variable rate	0.70% p.a. if bonus interest criteria are met
Standard variable rate	0.25% p.a.
Bonus variable rate	0.45% 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

Open now Open now Find out more Find out more

Term Deposits

A term deposit let's you invest your money with the certainty of a fixed interest rate and a choice of terms.

Our current term deposit rates are shown below. Interest rates are % per annum. All investment balance ranges are $5,000 < $2,000,000 Australian dollars.

View special offer rate.


Term	Interest paid at maturity or annually	Interest paid monthly
1 < 2 months	0.05%	0.05%
2 < 3 months	0.05%	0.05%
3 < 4 months	0.07%	0.07%
4 < 5 months	0.07%	0.07%
5 < 6 months	0.10%	0.10%
6 < 7 months	0.15%	0.15%
7 < 8 months	0.20%	0.20%
8 < 9 months	0.20%	0.20%
9 < 10 months	0.20%	0.20%
10 < 11 months	0.25%	0.25%
11 < 12 months	0.25%	0.25%
12 < 24 months	0.25%	0.25%
24 < 36 months	0.30%	0.30%
36 < 48 months	0.30%	0.30%
48 < 60 months	0.30%	0.30%
60 months	0.30%	0.30%

Open now Open now Find out more Find out more

Tools and calculators

Things you should know

Conditions, fees and charges apply and may change. 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

Savings account interest rates

Westpac Life

Aged 18-29?

Tools and calculators

Related articles

Things you should know