I'm an existing Bankwest customer
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I'm a new Bankwest customer
Use our easy online application
No minimum amount needed for your opening balance.
Start saving today
No need for a linked Bankwest transaction account.
Save in more ways than one
$0 account maintenance fees.
Hit your savings goals
Create goals, schedule transfers, and track your progress in our app.
Earn the variable Hero rate
Make no withdrawals and deposit just $200 a month (excluding interest), and you’ll earn the variable Hero rate (currently 1.25% p.a.) on balances up to $250,000.
Earn the standard variable rate
In any month you don’t meet the criteria, you’ll still receive the standard variable interest rate (currently 0.01% p.a.). Any portion of the balance over $250,000 and up to $5 million will also receive this rate.
Earn interest on your savings
Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
|Variable Hero rate (on balances up to $250,000)||1.25% p.a.|
|Standard variable interest rate||0.01% p.a.|
|Paper statement fee||
$1.25 per statement
Check your eligibility
Already started? Resume your application.
Speak with someone from the team today.
Find a savings account to suit.
Make withdrawals via your linked account at any time, plus enjoy a four-month variable intro rate on your first account for balances up to $5,000,000.