Before you set up a Smart eSaver
You'll need to have a Bankwest transaction account open in your name, which will be linked to your Smart eSaver. Monthly maintenance fees may apply to the linked account.
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Bankwest Smart eSaver
An online savings account that rewards you for every month you don't make a withdrawal.
Benefits
Savings incentive
Enjoy the bonus interest rate for every month you make no withdrawals.
Pair with your everyday account
You'll need a Bankwest transaction account to open a Smart eSaver.
Flexibility
No minimum monthly deposit required.
Hit your savings goals
Create goals, schedule transfers, and track your progress in our app.
How it works
The Smart eSaver rewards you for leaving your savings alone to grow. No monthly account maintenance fees apply to this account.
If you don’t touch your savings
For every month you don’t touch your savings interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers outlined below.
If you do make withdrawals
For every month you do make a withdrawal, you'll receive our standard variable interest rate (currently 0.01% p.a.).
Rates and fees
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| Rates | |
|---|---|
| Name | Rate |
| Variable Smart rate (on balances up to $500,000) | 0.65% p.a. |
| Variable Smart rate (on balances from $500,000 to $5,000,000) | 0.25% p.a. |
| Standard variable interest 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.
The above rates are calculated daily, paid on the first business day of the following month and are subject to change.
Note: this account has an investment limit of $5,000,000.
The above rates are calculated daily, paid on the first business day of the following month and are subject to change.
Note: this account has an investment limit of $5,000,000.
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Before you open this account, you’re going to need a Bankwest transaction account.
Apply today
Here are your next steps...
Check your eligibility
- You must be 12 or over
- You need a Bankwest transaction account that allows direct debits to and from the account
- After a joint account? Book a branch appointment to apply. If you already have a joint account with us, call 13 17 19
- You can have one Smart eSaver account per person.
Looking for something else?
Check out some of our other savings accounts.
TeleNet Saver
A flexible online savings account
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.
Hero Saver
Rewards for regular saving
Earn our ongoing variable rate every month you deposit at least $200 (excluding interest) on balances up to $250,000 and make no withdrawals.