Enjoy the bonus interest rate for every month you make no withdrawals.
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Bankwest Smart eSaver
An online savings account that rewards you for every month you don't make a withdrawal.
Benefits
How it works
The Smart eSaver rewards you for leaving your savings alone to grow. No monthly account maintenance fees apply to this account.
Keep in mind, you can only access your money through the app, online banking or telephone banking.
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.
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 1.00% p.a.).
Rates
| Name | Rate |
|---|---|
| Standard variable rate | 1.00% p.a. |
| Variable Bonus rate | 1.45% p.a. |
| Variable Smart rate ? The variable Smart rate is calculated by combining the variable standard rate and Bonus rate. | 2.45% p.a. |
On balances up to $500,000.99
Name
Rate
Standard variable rate
1.00% p.a.
Variable Bonus rate
1.45% p.a.
Variable Smart rate
?
The variable Smart rate is calculated by combining the variable standard rate and Bonus rate.
2.45% p.a.
| Name | Rate |
|---|---|
| Standard variable rate | 1.00% p.a. |
| Variable Bonus rate | 0.75% p.a. |
| Variable Smart rate ? The variable Smart rate is calculated by combining the variable standard rate and Bonus rate. | 1.75% p.a. |
On balances from $500,001 to $5,000,000.99
Name
Rate
Standard variable rate
1.00% p.a.
Variable Bonus rate
0.75% p.a.
Variable Smart rate
?
The variable Smart rate is calculated by combining the variable standard rate and Bonus rate.
1.75% p.a.
Customers opening this account will receive eStatements via Bankwest Online Banking and the Bankwest App. Customers can opt to receive a paper statement.
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.
Note: this account has an investment limit of $5,000,000.99.
Get set up first
Before you open this account, you’re going to need a Bankwest bank 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? Visit us in branch to apply (WA only). If you already have a joint account with us, call 13 17 19
- You can have one Smart eSaver account per person.
- Your Bankwest transaction 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).
Already started? Resume your application.
Looking for something else?
Check out some of our other savings accounts.
Easy Saver
Our flexible savings account
With no minimum monthly deposit and the ability to move money in and out via your linked Easy Transaction Account while still earning interest on your account balance up to $250,000.99, you can make saving simple.
Hero Saver
Rewards for regular saving
Earn our ongoing Variable Hero rate every month you deposit at least $200 (excluding interest) on or before the last business day each month, and make no withdrawals during the month.
Need help choosing an account?
Speak with someone from the team today.