Easy Saver

With our most flexible savings account, you could earn interest even if you dip into your savings.

  • Earn the Easy Saver variable interest rate of 0.10% p.a. on balances up to $50,000.99 – even if you make withdrawals 1 Rates are variable and subject to change. Interest is calculated daily on your account balance up to $50,000.99 and paid into your account on the first business day of the following month.
  • No minimum opening balance or minimum monthly deposit needed
  • Hit your savings goals sooner – create a goal, set up regular deposits and track your progress in our app.

How to get started

Already bank with us?

You’ll need the Bankwest App to apply

  1. Hit the '+' in the top right-hand corner
  2. Choose ‘Easy Saver’ from the ‘Savings accounts’ list
  3. When you're applying, you'll be prompted to link it to an existing Easy Transaction Account or to open a new one.

Don't have our app yet? Check out the app's features and benefits.

New to Bankwest?

Apply online for an Easy Transaction Account first

Use our easy online application form to set yourself up with our low fee bank account. From there, you can download the Bankwest App and open your Easy Saver.

More about our Easy Transaction Account and how to apply.

Once your Easy Saver's all set up...

You'll be able to transfer money between your linked Easy Transaction Account and Easy Saver – it's easy to do in the Bankwest App or Bankwest Online Banking.

See our quick guide to transferring money between your linked accounts.

T&Cs with a difference

Our visual T&Cs make it easier for you to understand what you need to know about Easy Saver and how it works – check out the Easy Saver Account Product Schedule and see what we mean.

Prefer just words for T&Cs? Check out the plain text version of the Easy Saver Account Product Schedule instead.

Rates and fees

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On balances up to $50,000.99
Name Rate
Easy Saver variable interest rate 0.10% p.a.
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Fees
Name Amount
Monthly maintenance fee $0
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Customers with this account will receive eStatements via the Bankwest App and Bankwest Online Banking. Customers can switch to paper statements at any time once the account is opened. A fee may apply for each paper statement. Exemptions apply.

Other fees and charges may apply. Rates are variable and subject to change (including while you hold the account). Interest is calculated daily and paid into your account on the first business day of the following month.

Frequently asked questions

Answers at your fingertips

1

Am I eligible to open an Easy Saver Account?

You could open an Easy Saver if:

  • You're a real person (i.e. not a company)
  • You're aged 16 years or over
  • You don’t have an existing Bankwest Easy Saver Account already
  • You're the only account holder (no joint account holders)
  • You have an Easy Transaction Account (you can open one at the same time).
2

I don't have an Easy Transaction Account to link to an Easy Saver – what do I do?

If you're already a Bankwest customer, you can use the Bankwest App to open a new Easy Transaction Account at the same time as your Easy Saver. Hit the '+' in the top right-hand corner, choose ‘Easy Saver’ from the ‘Savings accounts’ list and follow the prompts to open your accounts.

If you're not a Bankwest customer, you'll first need to open an Easy Transaction Account using our online application form – find out more.

3

What's a linked account?

A linked account is a bank account you can use to access or transfer funds to an interest-earning account. Since interest-earning accounts like Easy Saver don't have debit cards or BPAY® access attached to them, you can only access the money in them by transferring it to your linked account. In this case, the linked bank account is an Easy Transaction Account and the interest-earning account is an Easy Saver.

®Registered to BPAY Pty Ltd ABN 69 079 137 518.

4

Can I change my linked account?

If you have multiple Easy Transaction Accounts, you can choose which one you'd like to link your Easy Saver to – and you can change this at any time.

To change your linked Easy Transaction Account, complete a Change of Linked Account Request Form (PDF) and mail it to us at GPO Box W2072, Perth WA 6846.

Apply today through the app

Check your eligibility

  • You can open an Easy Saver account if you’re 16 or over, and a real person (i.e. not a company)
  • You don’t have an existing Bankwest Easy Saver Account already
  • You're the only account holder (no joint account holders)
  • You have an Easy Transaction Account (you can open one at the same time).

Handy savings tools

Get on top of your finances.

Track your progress in the Bankwest App.

Looking for something else?

Find a savings account to suit you.

Need help choosing an account?

Speak with someone from the team today.

  1. Rates are variable and subject to change. Interest is calculated daily on your account balance up to $50,000.99 and paid into your account on the first business day of the following month.

Only one account allowed per customer (not available for joint accounts).

Terms of Use apply to the Bankwest App.