How to choose the right savings account for you

If you want to be rewarded for regularly topping up your savings, you might like our Hero Saver account. You’ll get the variable Hero rate on balances up to $250,000 each month you deposit $200 or more and make no withdrawals. Plus, there’s no account maintenance fees – so you’ll be saving in more ways than one.

If you add to your savings when you can, rather than every month, our Bankwest Smart eSaver might be more your style. There’s no minimum monthly deposit and you’ll get the bonus interest rate each month you make no withdrawals. You’ll need a linked Bankwest bank account to get started.

If you’re a fan of an intro rate, our TeleNet Saver could be good for you. You’ll get a four-month intro rate on your first TeleNet Saver, which can help give your savings a boost. After the intro period, you’ll roll on to the standard variable rate. You’ll need a linked Bankwest bank account to get started, and you can withdraw funds into it anytime without affecting your interest rate.

If you’re looking to set up your child’s financial future, our Children’s Savings Account could be a great place to start. It’s for children under the age of 15, but a parent, guardian or adult signatory needs to open, access and make withdrawals from the account. There’s no account maintenance fees and you’ll earn a variable interest rate based on the amount of funds in the account.

• Track your savings goals in the Bankwest App
• Tools to help you save effectively
• Ways to help save for a house deposit