Easy Saver

Earn interest even when you move money in and out of your savings with our award-winning, flexible savings account. Payments to and from this account can only be made via your linked Easy Transaction Account.

5.10%
p.a.

Easy Saver variable introductory rate

Make the most of what's yours

Make it easy

Transfer money easily between your Easy Saver and linked Easy Transaction Account in the app or online banking.

Competitive rates

Earn the Easy Saver variable introductory rate of 5.10% p.a. on balances up to $250,000.99 for the first four months if eligible. 1 Rates are variable and subject to change. Interest is calculated daily on your account balance up to $250,000.99 and paid into your account on the first business day of the following month. 2 The Easy Saver variable introductory rate only applies to new accounts. Not available if you’ve had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver variable rate. T&Cs subject to change.

Less requirements

No minimum opening balance or minimum monthly deposit needed.

Use your savings

Earn interest even when you move money in and out of your savings.

How to get started with your Easy Saver and Easy Transaction accounts

To open an Easy Saver Account you’ll need to open a Bankwest Easy Transaction Account first, as you will only be able to access your Easy Saver via this linked account.

I don't have an Easy Transaction Account yet

  1. Open an Easy Transaction Account online
  2. Download the Bankwest App on your phone
  3. Log in to the app, open an Easy Saver Account and link it to your new Easy Transaction Account.

Learn more about Easy Transaction Account

I already have an Easy Transaction Account

Apply in the App

  1. Go to the 'Accounts' screen in the app
  2. Tap 'Add new account'
  3. Choose ‘Easy Saver’ from the ‘Savings accounts’ list.

Rates and fees

On balances up to $250,000.99
Name Rate
Easy Saver variable introductory rate for the first four months 5.10% p.a.
Easy Saver variable rate 4.00% p.a.
On balances up to $250,000.99
Name
Rate
Easy Saver variable introductory rate for the first four months
5.10% p.a.
Easy Saver variable rate
4.00% p.a.
Fees
Name Amount
Monthly maintenance fee $0
Fees
Name
Amount
Monthly maintenance fee
$0

Customers opening this account will receive eStatements via Bankwest Online Banking and the Bankwest App. Customers can opt to receive a paper statement.

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.

Our award-winning no strings Easy Saver

The Bankwest Easy Saver Account is recognised by the Mozo Expert Choice Awards 2023 as a savings account with an outstanding introductory rate for savers looking for a quick boost to their savings.

Frequently asked questions

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).

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. Tap ‘Open or browse products’ from your ‘Home’ or ‘More’ screens, 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.

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.

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.

You can see the rates applicable to your account at any time via the Bankwest App, online banking or on the Bankwest website.

The Easy Saver variable introductory rate is a higher rate that's on offer to new and existing Easy Saver customers on balances up to $250,000.99 for the first four months. The rate is variable which means this rate could change over time, including during the introductory period. It's only available if you haven't had the introductory rate on an Easy Saver account in the last two years.

After four months your account will revert to the Easy Saver variable rate.

If you close your current Easy Saver account and then open a new one, you won't be eligible for the introductory rate if you've had the Easy Saver variable introductory rate in the past two years.

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 $250,000.99 and paid into your account on the first business day of the following month.
  2. The Easy Saver variable introductory rate only applies to new accounts. Not available if you’ve had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver variable rate. T&Cs subject to change.

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