Transfer money easily between your Easy Saver and linked Easy Transaction Account in the app or online banking.
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Easy Saver
When life happens, you’ll still earn a great rate on your savings with our Easy Saver. We'll open a linked Easy Transaction account for you when you open your Easy Saver, so you can move money between your accounts and continue earning interest. 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.
5.35%
p.a.
Variable introductory rate
4.00%
p.a.
Variable rate
Rates shown are for balances up to $250,000.99.
Make the most of what's yours
Rates and fees
| Balance | 4-month variable introductory rate 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. | Standard variable rate |
|---|---|---|
|
Up to $250,000.99
|
5.35% p.a.
|
4.00% p.a.
|
|
$250,001 to $1,000,000.99
|
4.75% p.a.
|
2.00% p.a.
|
|
$1,000,001 to $5,000,000.99
|
4.75% p.a.
|
2.00% p.a.
|
|
More than $5,000,001
|
4.75% p.a.
|
2.00% p.a.
|
Balance
4-month variable introductory rate
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.
Standard variable rate
Up to $250,000.99
5.35% p.a.
4.00% p.a.
$250,001 to $1,000,000.99
4.75% p.a.
2.00% p.a.
$1,000,001 to $5,000,000.99
4.75% p.a.
2.00% p.a.
More than $5,000,001
4.75% p.a.
2.00% p.a.
| Fee | Amount |
|---|---|
|
Monthly maintenance fee
|
$0
|
|
Monthly access fee
|
$0
|
Fee
Amount
Monthly maintenance fee
$0
Monthly access 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.
Easy Transaction Account
Fee-free banking
An Easy Saver comes linked to our fee-free Easy Transaction Account with no monthly account fees or minimum deposit.
Plus, when you use your Platinum Debit Mastercard®, you can shop in person and online from anywhere and pay $0 foreign transaction and ATM fees.
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).
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 Easy Saver customers 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.
The variable introductory rate is paid on a tiered basis on all balances in the account.
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.
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.
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- Rates are variable and subject to change. Interest is calculated daily on your account balance and paid into your account on the first business day of the following month. Different rates apply to different tiers.
The variable introductory rate is paid on a tiered basis on all balances in the account. - 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).
Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.