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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.
Our savings accounts
Hero Saver
- Earn the variable Hero rate on balances up to $250,000.99 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 $250,001 and up to $5,000,000.99. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
- $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).
- No linked Bankwest bank account required.
0.70%
p.a.
Variable Hero rate
0.01%
p.a.
Standard variable interest rate
TeleNet Saver
- 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.
0.40%
p.a.
4-month intro variable interest rate
0.05%
p.a.
Standard variable interest rate
Bankwest Smart eSaver
- For every month you make no withdrawals, you'll earn the variable Smart rate on balances up to $500,000.99
3
Different rate applies to balances over $500,000.99. Any month that you need to dip into your savings you will receive our standard variable rate.
- No minimum monthly deposit required
- Requires a linked Bankwest bank account.
0.40%
p.a.
Variable Smart rate
0.01%
p.a.
Standard variable interest rate
Children’s Savings Account
- Available to children under 15 years old, managed by a parent, guardian or adult signatory
- No fees or charges when you withdraw from the account
4
Fees which may be incurred are listed in the Children's Savings Account Product Schedule (PDF) and the Your Guide to Banking Fees (PDF).
- Earns a variable interest rate based on the amount in the account.
0.01%
p.a.
Variable interest rate
5
Applies to balances from $0 to $2,999.99. Different rates apply, depending on account balance.
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.
Fees and charges may apply to linked accounts.
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Bank accounts
Our bank accounts are designed for everyday use. You can get your salary paid into it, withdraw cash and pay bills from it – plus use it for shopping online and in-store.
Term deposits
Lock your money away in a term deposit. Enjoy the certainty of a return on your investment with a fixed interest rate.
Handy banking tools
1. Standard variable rate applies each month you make a withdrawal and/or deposit less than $200. This rate also applies to balances over $250,001 and up to $5,000,000.99. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
2. Fees which may be incurred are listed in the Hero Saver Product Schedule (PDF) and the Your Guide to Banking Fees (PDF).
3. Different rate applies to balances over $500,000.99. Any month that you need to dip into your savings you will receive our standard variable rate.
4. Fees which may be incurred are listed in the Children's Savings Account Product Schedule (PDF) and the Your Guide to Banking Fees (PDF).
5. Applies to balances from $0 to $2,999.99. Different rates apply, depending on account balance.
For Hero Saver and Smart eSaver, only one account is allowed per customer.