The rumours are true… we’re Bank of the Year!

Yes, you heard right. It’s our first time being Money magazine’s Bank of the Year, so it’s kind of a big deal for us.

So, why did we win?

To be Bank of the Year the winner has to offer competitive products across home loans, savings accounts, credit cards, business banking and personal loans.

“I’ve seen time and again how [our people] keep the customer at the heart of everything they do as we deliver what matters to our customers today, and for generations to come,” says Rowan Munchenberg, Bankwest Managing Director.

“Bankwest’s achievement is recognition of the outstanding value they are delivering across their range of products.” – Mitchell Watson (Money  magazine)

Standout products: 

Hero Saver

Earn up to 2.65% p.a. with a Hero Saver. The perfect partner to reaching your goals, it rewards you for making regular savings contributions and making no withdrawals.

2.65 %
p.a.

Variable Hero rate (on balances up to $250,000)

0.01 %
p.a.

Standard variable interest rate 

Earn the variable hero rate on balances up to $250k each month you deposit $200, excluding interest, and make no withdrawals. 2 Standard variable rate applies each month you make a withdrawal and/or deposit less than $200. This rate also applies to balances over $250,000 and up to $5 million. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.  Close

TeleNet Saver

With the ability to make withdrawals via your linked account at any time, the TeleNet Saver is a flexible online savings account.

2.75 %
p.a.

4-month intro variable interest rate

1.50 %
p.a.

Standard variable interest rate

Intro variable interest rate reverts to standard variable interest 4 months after account opened.

Things you should know

Award won at Money magazine’s June 2017 Consumer Finance Awards.

1. Offset Transaction account not available with our Complete Equity home loan and must be held in the same name as the loan account. Maximum 40% offset available with Complete Fixed home loan. Other exclusions apply.

Package must include an eligible home loan, credit card and (unless you hold only a Complete Equity Loan) Offset Transaction Account.

The Complete Home Loan Package is closed when all home loans included in the package are closed.


2. Standard variable rate applies each month you make a withdrawal and/or deposit less than $200. This rate also applies to balances over $250,000 and up to $5 million. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.

Fees which may be incurred are listed in the Hero Saver Product Schedule (PDF) and the Your Guide to Banking Fees (PDF).

For Hero Saver one account is allowed per customer.


TeleNet Saver
The rates above are for new accounts opened. For existing customers, refer to your account welcome letter for the margin that applies to the special introductory base rate. A linked account is required to operate the Bankwest TeleNet Saver account and additional fees may apply.