Save your money to get ahead

Don't let your spending habits get the best of you with our Hero Saver account, which rewards you for making regular savings contributions and no withdrawals.

Make the most of your savings

Save in more ways than one

$0 account maintenance and transaction fees.

Start small

No minimum opening balance needed.

Start saving today

No linked transaction account needed.

Be regularly rewarded

Interest calculated daily and paid monthly.

How it works

If you deposit $200 a month (excluding interest) and make no withdrawals, you'll earn the variable Hero rate on balances up to $250,000.99. 

In any month you don't meet this criteria, you'll receive the standard variable interest rate. Any portion of the balance over $250,001 and up to $5,000,000.99 will also receive this rate.

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

Rates and fees

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On balances up to $250,000.99
Name Rate
Standard variable rate 0.01% p.a.
Variable Bonus rate 0.89% p.a.
Variable Hero rate ? The variable Hero rate is calculated by combining the variable standard rate and Bonus rate. Dismiss 0.90% p.a.
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On balances from $250,001 to $5,000,000.99
Name Rate
Standard variable rate 0.01% p.a.
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Fees
Name Amount
Paper statement fee $1.25 per statement
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Customers with this account will receive eStatements via Bankwest Online Banking. Customers who opt to receive a paper statement, however, may be charged the above fee. All accounts opened prior to 13 February 2017 will be progressively switched over to eStatements. Exemptions apply.

Rates are subject to change (including while you hold the account). The above rates are calculated daily and paid on the first business day of the following month. 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 and Your Guide to Banking Fees.

Apply today

You must be 12 years or over and have an Australian residential address.

Limit of one account per customer