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.
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 0.01% p.a.).
|
On balances up to $500,000.99 |
|
|---|---|
| Name | Rate |
| Standard variable rate | 0.01% p.a. |
| Variable Bonus rate | 0.39% p.a. |
| Variable Smart rate ? The variable Smart rate is calculated by combining the variable standard rate and Bonus rate. | 0.40% p.a. |
|
On balances from $500,001 to $5,000,000.99 |
|
|---|---|
| Name | Rate |
| Standard variable rate | 0.01% p.a. |
| Variable Bonus rate | 0.09% p.a. |
| Variable Smart rate ? The variable Smart rate is calculated by combining the variable standard rate and Bonus rate. | 0.10% p.a. |
| Fees | |
|---|---|
| Name | Amount |
| Paper statement fee | $1.25 per statement |
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.
Note: this account has an investment limit of $5,000,000.99.
Product Disclosure Statement:
Smart eSaver Product Disclosure Statement (PDF)
Helpful documents:
Change of Linked Account Request (PDF)
Before you open this account, you’re going to need a Bankwest bank account.
Check your eligibility
Already started? Resume your application
Check out some of our other savings accounts.
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 $5,000,000.99.
Earn our ongoing Variable Hero rate every month you deposit at least $200 (excluding interest) on balances up to $250,000.99 and make no withdrawals.