Hero Saver

variable Hero rate on balances up to $250,000
  • earn the variable Hero rate each month you deposit at least $200 (excludes interest) and make no withdrawals
  • no account maintenance or transaction fees
  • easy access to your money via online & phone banking

Making your money work harder

Are you saving for a house deposit, a holiday or even just a rainy day?

We’re making it easier for you to reach your savings goal by rewarding you for regularly adding money to your account each month.

Every month you deposit at least $200 (excluding interest) and make no withdrawals, you'll earn the variable Hero rate on balances up to $250,000. That portion of the balance over $250,000 and up to $5 million will earn a standard variable interest rate, currently 0.01% p.a.

Any month that you dip into your savings or deposit less than $200 (excluding interest) you’ll receive the variable Standard rate of 0.01% p.a. for that month.

But don’t worry, provided you meet the requirements next month, you will be eligible to earn the variable Hero rate again.

Hero Saver’s great features:

  • No opening deposit required
  • Interest calculated daily and paid monthly
  • 24/7 access to your money via phone, online banking or our highly rated app
  • No linked account requirement

From 13 February 2017 , new accounts opened will receive eStatements via Bankwest Online Banking – a quick, secure and easy way of receiving your statements. Customers who opt to receive a paper statement from this date may be charged. Existing accounts will be progressively switched to eStatements from this date. Exemptions apply.

This account is limited to one per customer.

CANSTAR Innovation Excellence, Easy Alerts,  2016

Our award winning Bankwest Easy Alerts help you keep on top of your everyday banking by providing updates on your personal transaction and saving accounts*. Find out more about Bankwest Easy Alerts.

For existing online banking customers only

The CANSTAR Innovation Award was awarded on 11 April 2016 for the Bankwest Easy Alerts

* Limited alerts are also available for credit card transactions. You must have access to Bankwest mobile online banking, and download enable the Bankwest Easy Alerts app via the Bankwest App to receive the alerts. Terms of Use apply for Bankwest Easy Alerts. Bankwest Easy Alerts are currently supported on iOS7 and Android 4 devices and above. Bankwest Easy Alerts are not available on Windows phones and tablets.

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Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking.

© 2017 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.