TeleNet Saver

With the ability to make withdrawals via your linked account at any time, the TeleNet Saver is a flexible online savings account.


Introductory rate

Four-month variable intro rate when you open your first TeleNet Saver account.

Pair with your everyday account

You’ll need a Bankwest bank account to open a TeleNet Saver.


No minimum monthly deposit required.

Hit your savings goals

Create goals, schedule transfers, and track your progress in our app.

Rates and fees

Name Rate
Variable introductory rate (for first four months on balances up to $5,000,000.99) 0.40% p.a.
Variable standard interest rate 0.05% p.a.
Name Amount
Paper statement fee $1.25 per statement
Monthly maintenance fee 1 Fees may apply to your linked account. $0
Customers with this account will receive eStatements via Bankwest Online Banking and the Bankwest mobile app. Customers who opt to receive a paper statement, however, may be charged the above fee. Exemptions apply.

Rates are variable and subject to change (including while you hold the account).
A $5,000,000.99 maximum investment limit applies for first four months when you open your first TeleNet Saver account.
The above rates are calculated daily and paid on the first business day of the following month.

TeleNet Saver terms and conditions:

The special variable introductory rate reverts to the standard interest rate after four months from account opening. The rates above are for new accounts opened. For existing customers, refer to your account welcome letter for the margin that applies to the special introductory base rate. The special variable introductory rate is only available once per customer's lifetime (either a joint or single account holder). A linked account is required to operate the Bankwest TeleNet Saver account and additional fees may apply.

Product Disclosure Statement:
TeleNet Saver & TeleNet Term Deposit Product Disclosure Statement (PDF)

Related documents:
Change of Linked Account Request (PDF)

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Before you open this account, you’re going to need a Bankwest bank account.

An account to take care of your day-to-day banking needs

Apply today

Here are your next steps...

Check your eligibility

  • Your Bankwest bank account details (BSB and account number) that will be linked to this savings account
  • Photo identification such as an Australian driver's licence or passport. Or, see a handy list of other ID documents we’ll accept
  • Tax file number (optional).

Find out more about what you may need to provide.

Already started? Resume your application.

Looking for something else? 

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  1. Fees may apply to your linked account.