rates & fees

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# # # MOST POPULAR # # #

You might be interested in…

Product name Our rate Comparison rate##
# # # MOST POPULAR - Complete Variable Home Loan # # #
 
Complete Variable Home Loan
(for owner occupiers# with LVR~ ≤90%.
Various rate tiers apply)
3.92 % p.a.

variable
4.33 % p.a.
# # # MOST POPULAR - Premium Select Home Loan # # #
 
Premium Select Home Loan
(for owner occupiers# with LVR~ ≤80%.
Various rate tiers apply)
4.02 % p.a.
variable
4.03 % p.a.

# This rate is for owner occupiers only. Where the predominant purpose of the loan is for investment purposes then you will not be eligible for this rate. Note: investment purpose includes but is not limited to, funds for shares, land, construction or an established dwelling (including re-finance of investment loans) for investment purposes.
## Each comparison rate is calculated based on $150,000 over 25 years for a secured loan.
Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.


What are you looking for?

# # # Everyday Accounts # # #
 

Everyday accounts 

Hero Transaction Account
Balance Rate
$0 up to $5,000  1.50% p.a.
$5,001 or more nil

Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.

 

Easy Transaction Account
Balance Rate
All balances                    Not applicable

 

Bankwest Qantas Transaction Account
Balance Rate
All balances                    0.01% p.a. (variable)

 

Rewards Transaction Account
Balance Rate
$0 up to $5,000 0.01% p.a. (variable)
$5,001 or more 0.01% p.a. (variable)

 

Lite Transaction Account
Balance Rate
All balances         0.01% p.a.

 

Lite Direct Account
Balance Rate
All balances         0.01% p.a.

 

Retirement Advantage Account
Balance Rate
$0 up to $2,000 0.25% p.a.
$2,000 up to $48,000 1.25% p.a.
$48,000 or more 2.25% p.a.

Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.

 

Student Account
Balance Rate
$0 to less than $5,000 0.01% p.a.
$5,000 to less than $20,000 0.01% p.a.
$20,000 to less than $50,000 0.01% p.a.
$50,000 or more 0.05% p.a.

Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.

 

Children's Savings Account
Balance Rate
$0 to less than $3,000 0.75% p.a.
$3,000 to less than $10,000 1.25% p.a.
$10,000 to less than $20,000 1.70% p.a.
$20,000 or more 2.50% p.a.

Interest is calculated daily (but credited monthly) at the applicable rate above on the end of day balance of the account. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.

 

FeeSaver Basic Account
Balance Rate
All balances                 Not applicable

 

Debit Mastercard
Balance Rate
All balances                 Not applicable

 

# # # Savings & Term Deposits # # #

Savings & term deposits

Bankwest Online Term Deposit (also known as tddirect)
Term Maturity
/Annually
Monthly Quarterly Half Yearly
1 month 1.50% p.a. - - -
2 months 1.50% p.a. - - -
3 months 2.30% p.a. - - -
4 months 2.70% p.a. - - -
5 months 1.50% p.a. - - -
6 months 2.70% p.a. - - -
7 months 1.50% p.a. - - -
8 months 1.50% p.a. - - -
9 months 1.50% p.a. - - -
10 months 1.50% p.a. - - -
11 months 1.50% p.a. - - -
12 months 3.00% p.a. 2.96% p.a. 2.97% p.a. 2.98% p.a.
24 months 2.60% p.a. 2.57% p.a. 2.58% p.a. 2.58% p.a.
36 months 2.60% p.a. 2.57% p.a. 2.58% p.a. 2.58% p.a.
48 months 2.65% p.a. 2.62% p.a. 2.62% p.a. 2.63% p.a.
60 months 2.65% p.a. 2.62% p.a. 2.62% p.a. 2.63% p.a.

Rates current as at 26 August 2016 and subject to change.

Rates apply for investment amounts from $1,000 to $5,000,000.

For deposits which have a term of less than 12 months, interest is paid on maturity. For deposits which have a term of 12 months or greater, you may ask us to pay your interest monthly, quarterly, six monthly or annually. Interest must be paid at least once a year and cannot be paid only at maturity for terms greater than 12 months.

 

Gold Term Deposit
Term Maturity
/Annually
Monthly Quarterly Half Yearly
1 month 1.50% p.a. - - -
2 months 1.50% p.a. - - -
3 months 2.30% p.a. - - -
4 months 2.70% p.a. - - -
5 months 1.50% p.a. - - -
6 months 2.30% p.a. - - -
7 months 2.70% p.a. - - -
8 months 1.50% p.a. - - -
9 months 1.50% p.a. - - -
10 months 1.50% p.a. - - -
11 months 3.00% p.a. - - -
12 months 2.30% p.a. 2.28% p.a. 2.28% p.a. 2.29% p.a.
24 months 2.60% p.a. 2.57% p.a. 2.58% p.a. 2.58% p.a.
36 months 2.60% p.a. 2.57% p.a. 2.58% p.a. 2.58% p.a.
48 months 2.65% p.a. 2.62% p.a. 2.62% p.a. 2.63% p.a.
60 months 2.65% p.a. 2.62% p.a. 2.62% p.a. 2.63% p.a.

Rates current as at 23 September 2016 and subject to change.

Rates apply for investment amounts from $5,000 to $2,000,000.

For deposits which have a term of less than 12 months, interest is paid on maturity. For deposits which have a term of 12 months or greater, you may ask us to pay your interest monthly, quarterly, six monthly or annually. (Interest must be paid at least once a year and cannot be paid only at maturity).

 

TD At Call
Term Maturity
/Annually
Monthly Quarterly Half Yearly
1-31 days 0.25% p.a. - - -

 

Kids' Bonus Saver
Rate type Rate
Bonus Interest 4.75% p.a. *
Standard Interest 0.01% p.a.

* Conditions Apply

 

Hero Saver
Balance from… Variable Hero rate Variable Standard rate
$0 up to $250,000 2.65% p.a. 0.01% p.a.
$250,000 up to $5,000,000 - 0.01% p.a.

Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.

 

Smart eSaver
Balance from… Variable Smart rate Variable Standard rate
$0 up to $500,000 2.20% p.a. 0.01% p.a.
$500,000 up to $5,000,000 2.00% p.a. 0.01% p.a.

Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.

 

TeleNet Saver Intro
Rate type Rate
TeleNet 4 month intro rate 3.00% p.a. (variable)
This rate is the sum of:  
Special introductory base rate 2.50% p.a. (variable)
Special introductory margin
(for accounts opened from 9 August 2016)*
0.50% p.a. (variable)

* For accounts opened prior to this date, refer to your account welcome letter for the margin that applies.

 

TeleNet Saver
Rate type Rate
Standard Rate 1.50% p.a. (variable)

 

Regular Saver
Rate type Rate
Bonus Interest 2.55% p.a. *

*Conditions Apply


Instant Saver
Rate type Rate
All balances 0.05% p.a.

 

# # # Home Loans # # #

Home loans 

Standard Variable Rates
Name Our rate
Standard Variable Rate - Owner occupiers#
Also known as Mortgage Shredder Reference Rate
5.35% p.a.
Standard Variable Rate - Investors
Also known as Investor Variable Reference Rate or Investor Reference Rate
5.67% p.a.
Home Loan  Our rate Comparison rate ##
# # # PREMIUM SELECT - OO - LT 80 LVR # # #
 
Premium Select Home Loan
(for owner occupiers # with LVR~ ≤80%.
Various rate tiers apply)
4.02% p.a. 4.03% p.a.
# # # PREMIUM SELECT - OO - 80-90 LVR # # #
 
Premium Select Home Loan
(for owner occupiers # with LVR~ >80% and ≤90%.
Various rate tiers apply)
4.14% p.a. 4.15% p.a.
# # # PREMIUM SELECT - INV - LT 80 LVR # # #
 
Premium Select Home Loan
(for investment purposes with LVR~ ≤80%.
Various rate tiers apply)
4.29% p.a. 4.30% p.a.
# # # PREMIUM SELECT - INV - 80-90 LVR # # #
 
Premium Select Home Loan
(for investment purposes with LVR ~ >80% and ≤90%.
Various rate tiers apply)
4.49% p.a. 4.50% p.a.
# # # COMPLETE VARIABLE - OO - LT 80 LVR # # #
 
Complete Variable Home Loan
(for owner occupiers # with LVR~ ≤80%.
Various rate tiers apply)
3.92% p.a. 4.33% p.a.
# # # COMPLETE VARIABLE - OO - 80-90 LVR # # #
 
Complete Variable Home Loan
(for owner occupiers # with LVR~ >80% and ≤90%.
Various rate tiers apply)
3.92% p.a. 4.33% p.a.
# # # COMPLETE VARIABLE - OO - 90-95 LVR # # #
 
Complete Variable Home Loan
(for owner occupiers # with LVR~ >90% and ≤95%.
Various rate tiers apply)
4.64% p.a. 5.04% p.a.
# # # COMPLETE VARIABLE - INV - LT 80 LVR # # #
 
Complete Variable Home Loan
(for investment purposes with LVR~ ≤80%.
Various rate tiers apply)
4.19% p.a. 4.59% p.a.
# # # COMPLETE VARIABLE - INV - 80-90 LVR # # #
 
Complete Variable Home Loan
(for investment purposes with LVR ~ >80% and ≤90%.
Various rate tiers apply)
4.39% p.a. 4.79% p.a.
# # # COMPLETE FIXED 1YR - OO # # #
 
Complete Fixed Home Loan
1 year (for owner occupiers#)
4.21% p.a. 4.36% p.a.
# # # COMPLETE FIXED 1YR - INV # # #
 
Complete Fixed Home Loan
1 year (for investment purposes)
4.41% p.a. 4.79% p.a.
# # # COMPLETE FIXED 2YR - OO # # #
 
Complete Fixed Home Loan
2 year (for owner occupiers#)
3.69% p.a. 4.29% p.a.
# # # COMPLETE FIXED 2YR - INV # # #
 
Complete Fixed Home Loan
2 year (for investment purposes)
3.89% p.a. 4.70% p.a.
# # # COMPLETE FIXED 3YR - OO # # #
 
Complete Fixed Home Loan
3 year (for owner occupiers#)
3.89% p.a. 4.32% p.a.
# # # COMPLETE FIXED 3YR - INV # # #
 
Complete Fixed Home Loan
3 year (for investment purposes)
3.99% p.a. 4.68% p.a.
# # # COMPLETE FIXED 4YR - OO # # #
 
Complete Fixed Home Loan
4 year (for owner occupiers#)
4.35% p.a. 4.48% p.a.
# # # COMPLETE FIXED 4YR - INV # # #
 
Complete Fixed Home Loan
4 year (for investment purposes)
4.49% p.a. 4.82% p.a.
# # # COMPLETE FIXED 5YR - OO # # #
 
Complete Fixed Home Loan
5 year (for owner occupiers#)
4.45% p.a. 4.55% p.a.
# # # COMPLETE FIXED 5YR - INV # # #
 
Complete Fixed Home Loan
5 year (for investment purposes)
4.59% p.a. 4.87% p.a.
# # # COMPLETE EQUITY # # #
 
Complete Equity Loan
(Variable rate and various rate tiers apply)
4.47% p.a. N/A
# # # FIXED RATE 1YR - OO # # #
 
Fixed Rate Home Loan
1 year (for owner occupiers#)
4.31% p.a. 5.28% p.a.
# # # FIXED RATE 1YR - INV # # #
 
Fixed Rate Home Loan
1 year (for investment purposes)
4.51% p.a. 5.59% p.a.
# # # FIXED RATE 2YR - OO # # #
 
Fixed Rate Home Loan
2 year (for owner occupiers#)
3.79% p.a. 5.10% p.a.
# # # FIXED RATE 2YR - INV # # #
 
Fixed Rate Home Loan
2 year (for investment purposes)
3.99% p.a. 5.40% p.a.
# # # FIXED RATE 3YR - OO # # #
 
Fixed Rate Home Loan
3 year (for owner occupiers#)
3.99% p.a. 5.04% p.a.
# # # FIXED RATE 3YR - INV # # #
 
Fixed Rate Home Loan
3 year (for investment purposes)
4.09% p.a. 5.29% p.a.
# # # FIXED RATE 4YR - OO # # #
 
Fixed Rate Home Loan
4 year (for owner occupiers#)
4.45% p.a. 5.10% p.a.
# # # FIXED RATE 4YR - INV # # #
 
Fixed Rate Home Loan
4 year (for investment purposes)
4.69% p.a. 5.39% p.a.
# # # FIXED RATE 5YR - OO # # #
 
Fixed Rate Home Loan
5 year (for owner occupiers#)
4.55% p.a. 5.08% p.a.
# # # FIXED RATE 5YR - INV # # #
 
Fixed Rate Home Loan
5 year (for investment purposes)
4.79% p.a. 5.37% p.a.
# # # SENIORS EQUITY RELEASE # # #
 
Seniors Equity Release
6.20% p.a. 6.24% p.a.
# # # EQUITY ACCESS # # #
 
Equity Access Home Loan
5.33% p.a. N/A
Lite Home Loan
(Reference Rate only)
5.23% p.a. N/A

Ready to find a home? Book an appointment with a Home Loan Specialist and get conditional pre-approval.

## Each comparison rate is calculated based on $150,000 over 25 years for a secured loan.
Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Complete Variable and Fixed Home Loans:
Comparison rate is calculated on the statutory assumption of a $150,000 loan over 25 years but the minimum required loan amount is $200,000.

# This rate is for owner occupiers only. Where the predominant purpose of the loan is for investment purposes then you will not be eligible for this rate. Note: investment purpose includes but is not limited to, funds for shares, land, construction or an established dwelling (including re-finance of investment loans) for investment purposes.

~ LVR is the loan to value ratio

^ For owner occupiers the standard variable rate is the Mortgage Shredder Reference Rate . For investors the standard variable rate is the Investor Reference Rate.

Rates are subject to change and Fees and Charges are payable. Lending Criteria apply and terms and conditions are available on request. Please contact 13 17 19 for further details.

Fixed rate loans revert to a variable rate after the end of the fixed rate period.

For more information about choosing the right account for you, please refer to The Smarter Banking Booklet - produced by the Australian Bankers' Association.

 

Offset Transaction Account

Bankwest home loans Is your home loan eligible? Offset % Monthly Offset Fee
Complete Variable Home Loan   100% N/A
Complete Fixed Home Loan   40% N/A
Premium Select Home Loan   100% $10
Fixed Rate Home Loan (within the term)   40% N/A
( $12 loan maintenance fee applies)
Fixed Rate Home Loan (term ended)   100% $10
Super Start Home Loan   100% $10
Premium Home Loan   100% $10
Rate Cutter Home Loan   100% $10
Double Deal Home Loan   100% $10

 

# # # Credit Cards # # #

Credit cards

Card Tier Intro Rate Purchase Rate
More MasterCard All 2.99% p.a. on balance transfers for 9 months 19.99% p.a. *
Bankwest Qantas MasterCard All 2.99% p.a. on balance transfers for 9 months 20.49% p.a. ^
Bankwest Breeze MasterCard All 2.99% p.a. on balance transfers for 9 months 8.99% p.a. #
Zero MasterCard All 2.99% p.a. on balance transfers for 9 months 17.99% p.a. $

Introductory rate on balance transfers is available to new credit card customers only. Introductory rate on balance transfers applies from the date the card is opened, regardless of when any balance transfer is processed by us. After the introductory period, the interest rate on any outstanding transferred balance will be the current ongoing interest rate for purchases and balance transfers. Minimum balance transfer amount $500. A request will only be processed up to 95% of your approved credit limit. Only non-Bankwest-branded credit cards can be balance transferred to Bankwest MasterCard credit cards.
A Cash Advance Rate of 21.99% p.a. applies to Zero MasterCard, Bankwest Breeze MasterCard, More MasterCard and Bankwest Qantas MasterCard credit cards. Rates are subject to change.
Fees & charges may apply.
* Ongoing interest rate applies to purchases and balance transfers. One More MasterCard per customer.
^ Ongoing interest rate applies to purchases and balance transfers. One Bankwest Qantas MasterCard per customer.
# Ongoing interest rate applies to purchases and balance transfers. Rate available for a limited time to new Bankwest Breeze MasterCard customers who apply for a Bankwest Breeze MasterCard from 01 August 2016 until the promotion ends, and are approved. One Bankwest Breeze MasterCard per customer.
$ Ongoing interest rate applies to purchases and balance transfers. One Zero MasterCard per customer.

 

Credit cards - annual fees

Description Classic Gold Platinum
More MasterCard $70 $120 $130 **
Bankwest Qantas MasterCard $100 $150 $160 **
Bankwest Breeze MasterCard
Annual fee waived for the first year for a limited time*
$89 $89 $99
Zero MasterCard $0 $0 $0
Visa $29 $84 N/A

* For a limited time, annual fee is waived for the first year for new Bankwest Breeze MasterCard applications received from 01 August 2016 until the promotion ends. Annual fee will be payable from the end of the first year and in subsequent years after the anniversary of the card opening. Applications received outside of the promotional period and transfers from existing Bankwest credit cards into a new Bankwest Breeze MasterCard are not eligible for the annual fee waiver.

** The annual fees for Bankwest Platinum Qantas MasterCard® and More Platinum MasterCard® are waived as part of the Complete Home Loan Package, while you remain eligible for the package.

The promotions on this page are stand-alone and cannot be used in conjunction with any other promotion on the same product currently available from Bankwest.

Credit cards - other fees

Description All cards
Foreign Transaction Fee# 2.95%
Cash Advance Fee Greater of 2% or $4.00
Over the Limit Fee* $30
Late Payment Administration Fee $25
Dishonour Fee $10
Notice of Demand Fee $50
Credit Card Replacement Fee^ $25
Customer Trace Fee $10

# Not payable on Platinum Credit Cards.
^ Payable on reissue of lost Credit Card over the entitled two free reissues per year (not applicable to stolen Credit Cards when Police report is filed).
* Payable for each statement period that you exceed your credit limit (excludes all cards activated after the 25th of June 2012 and all cards prior to that date which have opted out of going over the limit).

  

 

# # # Personal Loans # # #

Personal loans

Personal Loan Rate Comparison Rate#
Car Loan 7.99% p.a. 8.76% p.a.
Unsecured Personal Loan 11.99% p.a. 12.80% p.a.
Flexible Personal Loan 14.49% p.a. 15.50% p.a.

# Comparison rates for secured and unsecured personal loans are based on a loan amount of $30,000 for a term of 5 years. Warning: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Representative example of total loan cost: For a Secured Car Loan of $30,000 borrowed over a 5 year term at 7.99% p.a. ( 8.76% p.a. comparison rate ) the total amount payable is $37,720.21 including interest and fees. For an Unsecured Personal Loan of $30,000 borrowed over a 5 year term at 11.99% p.a. ( 12.80% p.a. comparison rate ) the total amount payable is $40,771.11 including interest and fees. For a Flexible Personal Loan of $30,000 borrowed over a 5 year term at 14.49% p.a. ( 15.50% p.a. comparison rate ) the total amount payable is $43,292.95 including interest and fees. These examples are an estimate only and assume all repayments are made on time.

For more information about choosing the right account for you, please refer to The Smarter Banking Booklet (PDF, 553KB) produced by the Australian Bankers' Association.

 

Other products

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

© 2016 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.