rates & fees

Rates & Fees
# # # MOST POPULAR # # #

Most popular

Product name Our rate Comparison rate##
# # # MOST POPULAR - Super Start Home Loan # # #
 
Super Start Home Loan
(3 year term for owner occupiers#)
4.09 % p.a.
Intro variable rate
5.02 % p.a.
# # # MOST POPULAR - Premium Select Home Loan # # #
 
Premium Select Home Loan
(owner occupiers only*, and various rate tiers apply)
4.34 % p.a.
variable
4.35 % p.a.
# # # MOST POPULAR - Hero Saver # # #
 
Hero Saver
3.25 % p.a.
variable Hero rate on balances up to $250,000
N/A

# Rate is for owner occupiers only. Additional margins apply when the loan purpose is for investment purposes. 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. Where a loan contains multiple purposes if any purpose is for investment then you will not be eligible for this rate.
## 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.
* Loan is available for owner occupiers only. Loan not available for investment purposes. Investment purposes includes but is not limited to, funds for shares, land, construction or an established dwelling (including re-finance of investment loans) for investment purposes. Where a loan contains multiple purposes if any purpose is for investment then you will not be eligible for this loan.


What are you looking for?

# # # Everyday Accounts # # #
 

Everyday accounts 

Hero Transaction Account
Balance Rate
$0 up to $5,000  2.50% 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 1.75% p.a.
$48,000 or more 3.00% 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 0.10% p.a.
$50,000 or more 0.20% 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 1.50% p.a.
$10,000 to less than $20,000 2.20% p.a.
$20,000 or more 3.00% 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 2.00% p.a. - - -
2 months 2.00% p.a. - - -
3 months 2.70% p.a. - - -
4 months 2.00% p.a. - - -
5 months 2.00% p.a. - - -
6 months 2.70% p.a. - - -
7 months 2.00% p.a. - - -
8 months 2.00% p.a. - - -
9 months 2.00% p.a. - - -
10 months 2.00% p.a. - - -
11 months 2.00% p.a. - - -
12 months 2.90% p.a. 2.86% p.a. 2.87% p.a. 2.88% p.a.
24 months 2.90% p.a. 2.86% p.a. 2.87% p.a. 2.88% p.a.
36 months 3.00% p.a. 2.96% p.a. 2.97% p.a. 2.98% p.a.
48 months 3.10% p.a. 3.06% p.a. 3.06% p.a. 3.08% p.a.
60 months 3.15% p.a. 3.11% p.a. 3.11% p.a. 3.13% p.a.

Rates current as at 3 July 2015 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 2.00% p.a. - - -
2 months 2.00% p.a. - - -
3 months 2.00% p.a. - - -
4 months 2.70% p.a. - - -
5 months 2.00% p.a. - - -
6 months 2.00% p.a. - - -
7 months 2.70% p.a. - - -
8 months 2.00% p.a. - - -
9 months 2.00% p.a. - - -
10 months 2.00% p.a. - - -
11 months 2.00% p.a. - - -
12 months 2.90% p.a. 2.86% p.a. 2.87% p.a. 2.88% p.a.
24 months 2.90% p.a. 2.86% p.a. 2.87% p.a. 2.88% p.a.
36 months 3.00% p.a. 2.96% p.a. 2.97% p.a. 2.98% p.a.
48 months 3.10% p.a. 3.06% p.a. 3.06% p.a. 3.08% p.a.
60 months 3.15% p.a. 3.11% p.a. 3.11% p.a. 3.13% p.a.

Rates current as at 3 July 2015 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 5.25% 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 3.25% 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 3.00% p.a. 0.01% p.a.
$500,000 up to $5,000,000 2.50% 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             3.15% p.a. (variable)
Standard Rate 2.00% p.a. (variable)

 

Regular Saver
Rate type Rate
Bonus Interest 3.05% p.a. *

*Conditions Apply


Instant Saver
Rate type Rate
All balances 0.25% p.a.

 

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

 

# # # Home Loans # # #

Home loans 

Home Loan  Our rate Comparison rate ##
# # # SUPER START - OO # # #
 
Super Start Home Loan *
3 year variable intro rate
(for owner occupiers#)
4.09% p.a. 5.02% p.a.
# # # SUPER START - INV # # #
 
Super Start Home Loan *
3 year variable intro rate
(for investment purposes)
4.54% p.a. 5.14% p.a.
# # # PREMIUM SELECT # # #
 
Premium Select Home Loan
(Variable rate for owner occupiers only**.
Various rate tiers apply)
4.34% p.a. 4.35% p.a.
# # # COMPLETE VARIABLE # # #
 
Complete Variable Home Loan
(Various rate tiers apply)
4.59% p.a. 4.99% p.a.
# # # COMPLETE FIXED 1YR # # #
 
Complete Fixed Home Loan
1 year
4.59% p.a. 4.99% p.a.
# # # COMPLETE FIXED 2YR - OO # # #
 
Complete Fixed Home Loan
2 year (for owner occupiers#)
4.24% p.a. 4.92% p.a.
# # # COMPLETE FIXED 2YR - INV # # #
 
Complete Fixed Home Loan
2 year (for investment purposes)
4.49% p.a. 4.97% p.a.
# # # COMPLETE FIXED 3YR - OO # # #
 
Complete Fixed Home Loan
3 year (for owner occupiers#)
4.29% p.a. 4.91% p.a.
# # # COMPLETE FIXED 3YR - INV # # #
 
Complete Fixed Home Loan
3 year (for investment purposes)
4.54% p.a. 4.97% p.a.
# # # COMPLETE FIXED 4YR # # #
 
Complete Fixed Home Loan
4 year
4.59% p.a. 4.99% p.a.
# # # COMPLETE FIXED 5YR # # #
 
Complete Fixed Home Loan
5 year
4.64% p.a. 5.01% p.a.
# # # COMPLETE EQUITY # # #
 
Complete Equity Loan
(Variable rate and various rate tiers apply)
4.77% p.a. N/A
# # # FIXED RATE 1YR # # #
 
Fixed Rate Home Loan
1 year
4.79% p.a. 5.44% p.a.
# # # FIXED RATE 2YR - OO # # #
 
Fixed Rate Home Loan
2 year (for owner occupiers#)
4.24% p.a. 5.28% p.a.
# # # FIXED RATE 2YR - INV # # #
 
Fixed Rate Home Loan
2 year (for investment purposes)
4.69% p.a. 5.37% p.a.
# # # FIXED RATE 3YR - OO # # #
 
Fixed Rate Home Loan
3 year (for owner occupiers#)
4.29% p.a. 5.20% p.a.
# # # FIXED RATE 3YR - INV # # #
 
Fixed Rate Home Loan
3 year (for investment purposes)
4.74% p.a. 5.32% p.a.
# # # FIXED RATE 4YR # # #
 
Fixed Rate Home Loan
4 year
4.79% p.a. 5.29% p.a.
# # # FIXED RATE 5YR # # #
 
Fixed Rate Home Loan
5 year
4.84% p.a. 5.27% p.a.
# # # REGULAR SAVER # # #
 
Regular Saver Home Loan
4.97% p.a. 5.00% p.a.
# # # SENIORS EQUITY RELEASE # # #
 
Seniors Equity Release
6.32% p.a. 6.36% p.a.
# # # MORTGAGE SHREDDER # # #
 
Mortgage Shredder Home Loan
(This is our standard variable rate^)
5.47% p.a. 5.52% p.a.
# # # RATE CUTTER # # #
 
Rate Cutter Home Loan
5.07% p.a. 4.81% p.a.
# # # EQUITY ACCESS # # #
 
Equity Access Home Loan
5.45% p.a. N/A
Lite Home Loan
(Reference Rate only)
5.35% p.a. N/A

Ready to find a home? Book an appointment with a Lending 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.

# Rate is for owner occupiers only. Additional margins apply when the loan purpose is for investment purposes. 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. Where a loan contains multiple purposes if any purpose is for investment then you will not be eligible for this rate.

** Loan is available for owner occupiers only. Loan not available for investment purposes. Investment purposes includes but is not limited to, funds for shares, land, construction or an established dwelling (including re-finance of investment loans) for investment purposes. Where a loan contains multiple purposes if any purpose is for investment then you will not be eligible for this loan.

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

* At the end of the introductory period the rate will revert to the Bankwest variable Lite Home Loan 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.

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
Regular Saver Home Loan   100% $10
Mortgage Shredder Home Loan   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

^ Other fees & charges may apply to your individual home loan. Refer to rates & fees for your home loan. .

Offset Transaction Account not available for Online Home Loan, Complete Equity Loan or Seniors Equity Release Home Loan, Equity Access Home Loan.

 

# # # 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 0% p.a. on eligible purchases for 3 months 12.99% p.a. #
Zero MasterCard All 2.99% p.a. on balance transfers for 9 months 17.99% p.a. $

Introductory rate on eligible purchases is available to new Bankwest Breeze MasterCard customers only who apply and are approved for a Bankwest Breeze MasterCard from 6 July 2015 to 30 September 2015. Introductory rate on purchases excludes cash advances and balance transfers and applies from the date the card is opened, regardless of when any purchase is processed by us. After the introductory period, the standard purchase rate will apply.
Introductory rates on balance transfers applies from the date the card is opened and end after the introductory period regardless of when any balance transfer or purchase is processed by us. After the introductory period, the standard rate will apply to balance transfer. Minimum balance transfer amount $500. Only one non-Bankwest-branded credit cards can be balance transferred to Bankwest MasterCards.
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. 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 ( $0 for the first year for a limited time)+ $59 $89 $99
Zero MasterCard $0 $0 $0
Visa $29 $84 N/A

** 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.

+ Annual fee is waived for the first year for new applications received and approved from 6 July 2015 to 30 September 2015. Annual fee will apply to applications received outside these dates. Annual fee will be payable after the first year and in subsequent years after the anniversary of the card opening.

The promotions on this page are stand-alone and cannot be used in conjunction with any other promotion 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 7.79% p.a. 8.64% 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.

 

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