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Hero Saver
The Hero Saver account can help you reach your goals.
You’ll earn 1.20% p.a. variable Hero rate on balances up to $250,000.99 each month you:
- Deposit at least $200 (excluding interest)
- Make no withdrawals.
You’ll get a standard variable rate if you don't meet this criteria, and on any part of the balance between $250,001 and $5,000,000.99.
Benefits you’ll love
Save on fees
$0 account maintenance fees.
Hit your savings goals
Create a goal, set up regular deposits and track your progress in our app.
Easy access to your money
Use online banking and the Bankwest App or visit a branch to transfer money to any accounts.
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 | 1.19% p.a. |
| Variable Hero rate ? The variable Hero rate is calculated by combining the variable standard rate and Bonus rate. | 1.20% p.a. |
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| On balances from $250,001 to $5,000,000.99 | |
|---|---|
| Name | Rate |
| Standard variable rate | 0.10% p.a. |
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| Fees | |
|---|---|
| Name | Amount |
| Monthly maintenance fee | $0 |
| Withdrawal fee (electronic and over the counter) ? | $0 |
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Customers opening this account will receive eStatements via Bankwest Online Banking and the Bankwest App. Customers can opt to receive a paper statement; however, a paper statement fee will apply. 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).
The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.
Product Schedule:
Hero Saver Product Schedule (PDF)
Related documents:
Apply today
Here are your next steps...
Check your eligibility
- You must be 12 or over
- After a joint account? Book a branch appointment to apply. If you already have a joint account with us, call 13 17 19
- Up to two people can use each account
- One Hero Saver account per person.
Already started? Resume your application.
Handy savings tools
Get on top of your finances.
Track your progress in the Bankwest App.
Already have a Bankwest bank account?
You may be interested in these online savings accounts.
Easy Saver
A flexible online savings account
- Enjoy 0.85% p.a. on balances up to $50,000.99
- No minimum monthly deposit
- Earn interest on Easy Saver balance even if you move money in and out via your linked Easy Transaction Account.
Bankwest Smart eSaver
An account with a savings incentive
- Get the variable Smart rate every month you make no withdrawals on balances up to $5,000,000.99
- No minimum monthly deposit
- Move money in and out via your existing Bankwest linked account.
Need help choosing an account?
Speak with someone from the team today.