Smash your goals with a Bankwest savings account

Whether you’re looking to kick-start your savings or make the most of what you’ve already got, choosing the right savings account and making the most of its perks could help you reach your goals sooner.

2.5 minute read

Choose the right savings account for you

Thinking of opening a Bankwest savings account? Here's how to choose the one that will best suit your saving habits. Remember to check the Product Disclosure Statement before you apply.

I want my savings to be flexible

If you're after some flexibility to access your savings and still earn interest on your balance up to $250,000.99, our Easy Saver account could be right for you. You can move money between your Easy Saver and your linked Easy Transaction Account – and there's no minimum monthly deposit either.

I add funds regularly

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 when you deposit at least $200 (excluding interest) on or before the last business day each month and make no withdrawals during the month. Plus, there are no account maintenance fees – so you’ll be saving in more ways than one.

I add funds when I can

If you add to your savings when you can, rather than every month, our Bankwest Smart eSaver account might be more your style. There’s no minimum monthly deposit and you’ll get the bonus interest rate each month you don't make a withdrawal. You’ll need a linked Bankwest bank account to get started.

I'm saving for my kids

Learn more about when your children can open a savings account of their own and what you can do to kick-start their savings till then.

Customise your savings account

After you’ve organised the savings account you’re going to use, you can set it up to help you stay on track.

Set and forget with scheduled payments

If you prefer for your account to be out of sight and out of mind, then why not make saving automatic? You could set up scheduled transfers from your transaction account to your savings account every payday and before you even know it, the money is there.

Learn more about setting up regular payments

Keep a close watch with Bankwest Easy Alerts

Bankwest Easy Alerts can help you keep track of your account activity. Depending on the accounts you have, you could receive a notification before a scheduled payment is due, if your account balance drops below or reaches a nominated amount, and more.

Learn more about Bankwest Easy Alerts

Create and track your goal in the Bankwest App

You could turn an eligible savings account into a customised savings tracker. Tell us how much you want to save and by when, and we'll crunch the numbers. You can see how you’re tracking and even set up scheduled payments.

Learn more about creating a goal

About this article

We take care of all the BS (bank stuff) so you can access the knowledge you need to make informed decisions. When we write a guide or article, we take steps to make sure the information is relevant, accurate and most of all, helpful.

Browse our range of savings accounts

Ready to start saving?

When you've found the one, simply click on it to start an application within the Bankwest App or online banking.

Keep reading

Use the Bankwest App to bucket your money into different accounts in a way that works for you.

A few simple ideas to help you get started when reviewing your finances.

The information contained in this article is of a general nature and is not intended to be nor should it be considered as professional advice. You should not act on the basis of anything contained in this article without first obtaining specific professional advice. Also to the extent permitted by law, Bankwest, a division of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL / Australian credit licence 234945, its related bodies corporate, employees and contractors accept no liability or responsibility to any persons for any loss which may be incurred or suffered as a result of acting on or refraining from acting as a result of anything contained in this article.