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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
- Earn the variable Hero rate on balances up to $250,000.99 each month you deposit $200, excluding interest, and make no withdrawals
1
A standard variable rate applies each month you make a withdrawal and/or deposit less than $200. A standard variable 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.
2.00%
p.a.
Variable Hero rate
0.20%
p.a.
Standard variable interest rate
- No minimum opening balance or minimum monthly deposit needed
- Earn the Easy Saver variable interest rate on balances up to $50,000.99
3
Rates are variable and subject to change. Interest is calculated daily on your account balance up to $50,000.99 and paid into your account on the first business day of the following month.
- Make withdrawals via your linked Bankwest Easy Transaction Account – and continue to earn interest on remaining balance.
1.85%
p.a.
Easy Saver variable interest rate
- For every month you make no withdrawals, you'll earn the variable Smart rate on balances up to $500,000.99
4
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
- Online only account – access your money through the app, online banking or telephone banking
- Requires a linked Bankwest bank account.
1.10%
p.a.
Variable Smart rate
0.20%
p.a.
Standard variable interest rate
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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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.
Lock your money away in a term deposit. Enjoy the certainty of a return on your investment with a fixed interest rate.
Handy savings tools
Get on top of your finances.
Track your progress in the Bankwest App.
Need help choosing an account?
Speak with someone from the team today.
- A standard variable rate applies each month you make a withdrawal and/or deposit less than $200. A standard variable 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.
- Fees which may be incurred are listed in the Hero Saver Product Schedule (PDF) and the Your Guide to Banking Fees (PDF).
- Rates are variable and subject to change. Interest is calculated daily on your account balance up to $50,000.99 and paid into your account on the first business day of the following month.
- 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.
For Hero Saver, Smart eSaver and Easy Saver, only one account allowed per customer.