Hero Saver

The perfect partner to reaching your goals, the Hero Saver account rewards you for making regular savings contributions and making no withdrawals.

Benefits

Start small

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.

How it works

Earn the variable Hero rate

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

Earn the standard variable rate

In any month you don’t meet the 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.

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.

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 and the Bankwest App. Customers who opt to receive a paper statement, however, may be charged the above fee. 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 (PDF) and Your Guide to Banking Fees (PDF).

Apply today

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Find out more about what you may need to provide.

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