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Savings accounts

Whether you're saving for a holiday, a house or just a rainy day, Bankwest has a savings account to help get you there.

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Our savings accounts

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TeleNet Saver

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  • Four-month variable interest rate when you open your first TeleNet Saver
  • Reverts to the standard variable rate four months after account opening
  • Requires a linked Bankwest bank account.

2.00%
p.a.

4-month intro variable interest rate

0.25%
p.a.

Standard variable interest rate

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Hero Saver

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  • Earn the variable Hero rate on balances up to $250,000 each month you deposit $200, excluding interest, and make no withdrawals 1 Standard variable rate applies each month you make a withdrawal and/or deposit less than $200. This rate also applies to balances over $250,000 and up to $5 million. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
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  • $0 account maintenance fees 2 Fees which may be incurred are listed in the Hero Saver Product Schedule (PDF) and the Your Guide to Banking Fees (PDF). Close
  • No linked Bankwest bank account required.

1.85%
p.a.

Variable Hero rate

0.01%
p.a.

Standard variable interest rate 

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Bankwest Smart eSaver

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  • For every month you make no withdrawals, you'll earn the variable Smart rate on balances up to $500,000 3 Different rate applies to balances over $500,000. Any month that you need to dip into your savings you will receive our standard variable rate.
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  • No minimum monthly deposit required
  • Requires a linked Bankwest bank account.

1.15%
p.a.

Variable Smart rate

0.01%
p.a.

Standard variable interest rate 

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Children's Savings Account

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0.25%
p.a.

Variable interest rate

5 Applies to balances from $0 to $2,999.99. Different rates apply, depending on account balance. Close
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See detailed comparison
The above rates are variable, calculated daily and paid on the first business day of the following month.
Fees and charges may apply to linked accounts.

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Need help choosing a savings account?

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