An online savings account that rewards you for every month you don't make a withdrawal.
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.
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.).
| Rates | |
|---|---|
| Name | Rate |
| Variable Smart rate (on balances up to $500,000) | 1.15% p.a. |
| Variable Smart rate (on balances from $500,000 to $5,000,000) | 0.75% p.a. |
| Standard variable interest rate | 0.01% p.a. |
| Fees | |
|---|---|
| Name | Amount |
| Paper statement fee | $1.25 per statement |
View our Smart eSaver terms and conditions
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 transaction account.
Check your eligibility
Things you need for your application
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.
Earn our ongoing variable rate every month you deposit at least $200 (excluding interest) on balances up to $250,000 and make no withdrawals.
