Retirement Advantage Account.
Two-in-one
An everyday bank and savings account in one. Earn interest on your account balance, even while you spend.**
No fees
Enjoy no ATM, foreign transaction or monthly fees – and no minimum deposit requirements.*†
The account for over 55s.
Earn while you spend.
An everyday bank account that rewards you with interest.
From $0 to $9,999.99
The variable interest rate you’ll earn on balances from $0 up to $9,999.99.
From $10K to to $49,999.99
The variable interest rate you’ll earn on balances from $10,000 up to $49,999.99.
From $50K to $249,999.99
The variable interest rate you’ll earn on balances from $50,000 up to $249,999.99.
From $250K and over
The variable interest rate you’ll earn on balances from $250,000 or more.
What you get with a Bankwest bank account.
An app that keeps you in the know.
Accounts for at home and away.
A truly digital experience.
Make purchases without using your regular card details.
Helping you spend, worry-free
Use temporary card details so you can spend without sharing your regular card details.
Customise your spending with multi-use virtual card
Nickname your card, set a spend limit and choose an end date to manage multiple purchases, like a holiday or home renovation.
Use it online, in-store and overseas
Add your virtual card to your digital wallet or copy card details to start using it straight away.
Set up in the Bankwest App
Create a single-use or multi-use virtual card in app with any transaction account or credit card.***
Your chance to win $10,000 in travel gift cards.
Create and use your virtual card for an eligible purchase between 23 June and 31 July 2025 and you could go into the draw to win. Terms and conditions apply.§§§
Step 1
Create a single-use or multi-use virtual card.
Step 2
Use your virtual card for an eligible purchase.
Step 3
That’s it! You’re automatically in the draw.
Security taken seriously.
Secure login
Access your account using biometrics (TouchID and FaceID) or PIN from your trusted device.
Lock your card from the app
Lock your card if you lose it or spot a suspicious transaction.
See if an account name checks out
When making a first-time payment, NameCheck shows you if an account name likely matches the account details based on our available payment data.
Stay in control
If you get notified of potential unusual activity on your account, you can handle it directly in the app.
Fees.
(There are none).
Uncomplicate your banking.
Common questions.
If you’re already a Bankwest customer, you may be able to open a joint account in the app by choosing the account you’d like and selecting the ‘two of us’ option.
You’ll need to already have joint Bankwest account(s) with the other applicant, or both applicants must not have any other existing Bankwest joint accounts.
With a joint transaction or savings account, both people will have full access to the account and the money in it unless the account has multiple signatory instructions.
Things to consider.
- Retirement Advantage Account is also suitable for concession card or government card holders.
- Apple, the Apple logo and Apple Pay are trademarks of Apple Inc. App Store is a service mark of Apple Inc. Bankwest Apple Pay Terms of Use apply.
- Android, Google Play and the Google Play logo are trademarks of Google LLC. Bankwest Google Pay Terms of Use apply. Google Pay and Google Wallet are trademarks of Google LLC.
- Bankwest Samsung Wallet Terms of Use apply. Samsung and Samsung Wallet are trademarks of Samsung Electronics Co Ltd.
- Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
** Interest
Interest is calculated daily, credited monthly and applied to the relevant portion of your balance that falls within each tier.
* ATM fees
ATM operators may charge a fee. Other fees and charges may apply.
† Foreign transaction fees
Foreign transactions are all transactions effected in foreign currency or occurring outside of Australia whether in foreign currency or Australian dollars including if you are in Australia (for example, online) where the merchant or the financial institution or entity processing the transaction is located overseas. Other fees and charges may apply, including when using overseas ATMs.
*** Virtual cards
Eligibility criteria apply. See the Account Access Conditions of Use for your product.
§§§ Virtual cards competition
Virtual card must link to a transaction or credit account. Eligibility criteria apply. Consider the TMD and PDS or T&Cs from Bankwest.
Eligible purchases are defined as transactions made with a Bankwest Virtual Card but exclude cash-out transactions at any merchant, gaming, lottery or gambling transactions; purchases/transactions that are subsequently refunded to the account; and fraudulent transactions.
Settled purchases are defined as transactions that have been finalised by the merchant and posted to your statement. ‘Authorisation Only’ transactions are not fully processed and are considered as pending transactions. The date the transaction settles may differ from the day the purchase/transaction was performed.
Custom alerts
Custom alerts are available for mobile personal banking accounts on eligible devices in which you have the Bankwest App installed and notifications enabled. Limited alerts only are available for credit products.
App push notifications
On eligible devices in which you have the Bankwest App installed and notifications enabled.
eStatements
Customers opening this account will receive eStatements via Bankwest Online Banking and the Bankwest App. Customers can opt to receive a paper statement.
Important documents
Consider the applicable PDS available from Bankwest before deciding whether the product is right for you. Fees and charges may apply and subject to change. The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.