rates & fees

  • Print this page
Rates & Fees

Most popular

Product name Our rate Comparison rate
# # # MOST POPULAR - Fixed Rate Home Loan # # #
 
Fixed Rate Home Loan
(2 year term)
4.59 % p.a.
5.69 % p.a.
# # # MOST POPULAR - Complete Variable Home Loan # # #
 
Complete Variable Home Loan
(Based on loan size $750K+ and LVR <80%, various rate tiers apply)
4.74 % p.a.
5.13 % p.a.
# # # MOST POPULAR - Hero Saver # # #
 
Hero Saver
4.00 % p.a.
variable Hero rate on balances up to $250,000
N/A

What are you looking for?

# # # Everyday Accounts # # #
 

Everyday accounts 

Hero Transaction Account
Balance Rate
$0 up to $5,000  3.00% 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.

 

Zero 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 0.50% p.a.
$2,000 up to $48,000 2.00% p.a.
$48,000 or more 3.50% 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 0.20% p.a.
$50,000 or more 0.30% 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 1.00% p.a.
$3,000 to less than $10,000 2.00% p.a.
$10,000 to less than $20,000 2.70% p.a.
$20,000 or more 3.50% 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 Monthly Quarterly Half Yearly Maturity/Annually
1 month - - - 2.50% p.a.
2 months - - - 2.50% p.a.
3 months - - - 3.40% p.a.
4 months - - - 2.50% p.a.
5 months - - - 2.50% p.a.
6 months - - - 3.30% p.a.
7 months - - - 2.50% p.a.
8 months - - - 2.50% p.a.
9 months - - - 2.50% p.a.
10 months - - - 2.50% p.a.
11 months - - - 2.50% p.a.
12 months 3.35% p.a. 3.36% p.a. 3.37% p.a. 3.40% p.a.
24 months 3.59% p.a. 3.60% p.a. 3.62% p.a. 3.65% p.a.
36 months 3.74% p.a. 3.75% p.a. 3.76% p.a. 3.80% p.a.
48 months 3.88% p.a. 3.89% p.a. 3.91% p.a. 3.95% p.a.
60 months 4.02% p.a. 4.04% p.a. 4.06% p.a. 4.10% p.a.

Rates current as at 31 October 2014 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 Monthly Quarterly Half Yearly Maturity/Annually
1 month - - - 2.50% p.a.
2 months - - - 2.50% p.a.
3 months - - - 3.40% p.a.
4 months - - - 2.50% p.a.
5 months - - - 2.50% p.a.
6 months - - - 3.30% p.a.
7 months - - - 2.50% p.a.
8 months - - - 2.50% p.a.
9 months - - - 2.50% p.a.
10 months - - - 2.50% p.a.
11 months - - - 2.50% p.a.
12 months 3.35% p.a. 3.36% p.a. 3.37% p.a. 3.40% p.a.
24 months 3.59% p.a. 3.60% p.a. 3.62% p.a. 3.65% p.a.
36 months 3.74% p.a. 3.75% p.a. 3.76% p.a. 3.80% p.a.
48 months 3.88% p.a. 3.89% p.a. 3.91% p.a. 3.95% p.a.
60 months 4.02% p.a. 4.04% p.a. 4.06% p.a. 4.10% p.a.

Rates current as at 31 October 2014 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 Monthly Quarterly Half Yearly Maturity/Annually
1-31 days - - - 1.25% p.a.

 

Kids' Bonus Saver
Rate type Rate
Bonus Interest 5.75% 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 4.00% 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 3.55% p.a. 0.01% p.a.
$500,000 up to $5,000,000 3.00% 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
Rate type Rate
Special Introductory Rate             3.75% p.a. (variable)
Standard Rate 2.50% p.a. (variable)

 

Regular Saver
Rate type Rate
Bonus Interest 3.55% p.a. *

*Conditions Apply


Instant Saver
Rate type Rate
All balances 0.75% p.a.

 

Solid Gold Saver
Rate type Rate
$0 up to $9,999 0.00% p.a.
$10,000 or more     2.75% p.a.

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

 

Home loans 

Home Loan  Our rate Comparison Rate ##
Online Home Loan 4.88% p.a. 4.89% p.a.
Complete Variable Home Loan
(Various rate tiers apply)
5.09% p.a. 5.48% p.a.
Complete Fixed Home Loan - 1 Year 4.78% p.a. 5.40% p.a.
Complete Fixed Home Loan - 2 Year 4.59% p.a. 5.34% p.a.
Complete Fixed Home Loan - 3 Year 4.74% p.a. 5.35% p.a.
Complete Fixed Home Loan - 4 Year 4.99% p.a. 5.41% p.a.
Complete Fixed Home Loan - 5 Year 5.04% p.a. 5.43% p.a.
Complete Equity Loan
(Various rate tiers apply)
5.19% p.a. N/A
Premium Select Home Loan
(Various rate tiers apply)
5.09% p.a. 5.10% p.a.
Double Deal Home Loan 4.93% p.a. 5.31% p.a.
Fixed Rate Home Loan - 1 Year 4.98% p.a. 5.83% p.a.
Fixed Rate Home Loan - 2 Year 4.59% p.a. 5.69% p.a.
Fixed Rate Home Loan - 3 Year 4.94% p.a. 5.68% p.a.
Fixed Rate Home Loan - 4 Year 5.19% p.a. 5.70% p.a.
Fixed Rate Home Loan - 5 Year 5.24% p.a. 5.68% p.a.
Regular Saver Home Loan 5.39% p.a. 5.42% p.a.
Seniors Equity Release 6.74% p.a. 6.78% p.a.
Mortgage Shredder Home Loan
(This is our standard variable rate^)
5.89% p.a. 5.94% p.a.
Super Start Home Loan 5.09% p.a. 5.64% p.a.
Rate Cutter Home Loan 5.49% p.a. 5.23% p.a.
Premium Home Loan 5.29% p.a. 5.34% p.a.
Equity Access Home Loan 5.87% p.a. N/A

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

^ The standard variable rate is the variable Mortgage Shredder Reference Rate.

Specific home loans within the home loan product categories identified may vary. 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.
## Each comparison rate is calculated based on $150,000 over 25 years for a secured loan.
+ Introductory rate applies for 12 months.
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. Different rates apply for different loan amounts and may depend on the duration of a fixed rate period or the ratio of the loan amount to the property value. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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
Online Home Loan X N/A N/A
Complete Variable Home Loan   100% N/A
Complete Fixed Home Loan   40% N/A
Complete Equity Loan X N/A N/A
Premium Select Home Loan   100% $9
Double Deal Home Loan   100% $9
Fixed Rate Home Loan (within the term)   40% N/A
($12 loan maintenance fee applies)
Fixed Rate Home Loan (term ended)   100% $9
Regular Saver Home Loan   100% $9
Mortgage Shredder Home Loan   100% $9
Seniors Equity Release Home Loan X N/A N/A
Super Start Home Loan   100% $9
Premium Home Loan   100% $9
Rate Cutter Home Loan   100% $9
Equity Access Home Loan X N/A N/A

 

# # # Credit Cards # # #

Credit cards

Card Tier Intro Balance Transfer Rate Purchase Rate
More MasterCard All 0% p.a. on balance transfers for 16 months 19.49% p.a. *
Bankwest Qantas MasterCard All 0% p.a. on balance transfers for 12 months 19.99% p.a. ^
Breeze MasterCard All 0% p.a. on balance transfers for 4 months 12.24% p.a. #
Zero MasterCard All 2.99% p.a. on balance transfers for 9 months 17.99% p.a. $

Minimum balance transfer amount $500. Only non-Bankwest credit cards can be balance transferred to a Bankwest credit card.A Cash Advance Rate of 21.99% p.a. applies to Zero MasterCard, Breeze MasterCard, More MasterCard and Bankwest Qantas MasterCard credit cards. Rates are subject to change.

* 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. One 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 †**
Breeze MasterCard $59 $89 $99
Zero MasterCard $0 $0 $0
Visa $29 $84 N/A

† Reduced annual fee promotion on Bankwest More Classic & Platinum MasterCard is a limited time offer, only applicable to new Bankwest credit card customers.
Reduced annual fee promotion on Bankwest Qantas Classic & Platinum MasterCard is a limited time offer, only applicable to new Bankwest credit card customers.
** 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.
 

 
 

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 7.49% p.a. 8.34% p.a.
Unsecured Personal Loan 13.90% p.a. 16.94% p.a.
Flexible Personal Loan 14.49% p.a. 18.33% p.a.

# Comparison rate is calculated based on $30,000 over 5 years for secured loans. Comparison rate is calculated based on $10,000 over 3 years for unsecured and flexible loans.
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.
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

Happy Banking: An initiative from Bankwest