Savings accounts

Whether you're working towards a savings goal, like a home or holiday, or to keep some money aside, Bankwest has flexible and high interest accounts to help get you there.

Benefits

Our savings accounts help you reach your savings goals.

$0 monthly maintenance fee.

$0 monthly access fee.

$0 transaction fees.

No minimum opening balance.

Your options

​​Variable rates are calculated daily and paid on the first business day of the following month.

Easy Saver

High interest savings

4-month introductory offer, then earn our highest variable rate. 1 The Easy Saver variable introductory rate only applies to new accounts. Not available if you’ve had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver variable rate. T&Cs subject to change.

5.35%
p.a.

Variable introductory rate

4.00%
p.a.

Variable rate

Benefits

  • No monthly deposit requirements​
  • No cap on your account balance​
  • Withdraw and move money without impacting your interest.​

​Rates shown are for balances up to $250,000.99.​
Different rates apply for different balance tiers

Hero Saver

Earn bonus interest

Deposit $200 per month and make no withdrawals. 2 A standard variable rate applies each month you make a withdrawal and/or deposit less than $200. A standard variable rate also applies to balances over $250,001 and up to $5,000,000.99. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.

4.60%
p.a.

Hero rate

1.00%
p.a.

Standard variable rate 

Benefits​
  • No linked account required​
  • Available for joint account holders​
  • No maximum monthly deposit​​.

Rates shown are for balances up to $250,000.999.​
Different rates apply for different balance tiers

Fees and charges may apply to linked accounts. Only one Easy Saver or Hero Saver account allowed per customer.​

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Bank accounts

Designed for everyday use. Shop online or in-store, deposit your salary, withdraw cash and pay bills.

Term deposits

Enjoy the certainty of a return on your investment with a fixed interest rate.

Looking for something else?

Savings calculator

Use our savings calculator to find out how you could reach your savings goals.

Manage your savings account

Check out our range of guides on managing your savings account.

Frequently asked questions

Find the answers to questions on accounts, cards, home loans and online banking services.

Support

Want to chat? We have a range of contact options to suit your needs.

  1. The Easy Saver variable introductory rate only applies to new accounts. Not available if you’ve had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver variable rate. T&Cs subject to change.
  2. A standard variable rate applies each month you make a withdrawal and/or deposit less than $200. A standard variable rate also applies to balances over $250,001 and up to $5,000,000.99. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.