Savings and investment rates

Our savings account rates

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TeleNet Saver
Rate type Variable rate
Variable introductory rate (for first four months on balances up to $5,000,000.99) 2 0.40% p.a.
Variable standard interest rate
0.05% p.a.
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Hero Saver (on balances up to $250,000.99)
Name Rate
Standard variable rate 0.01% p.a.
Variable Bonus rate 1 0.69% p.a.
Variable Hero rate ? The variable Hero rate is calculated by combining the variable standard rate and Bonus rate. 1 0.70% p.a.
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Hero Saver (on balances from $250,001 to $5,000,000.99)
Name Rate
Standard variable rate 0.01% p.a.
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Rates are subject to change (including while you hold the account). The above rates are calculated daily and paid on the first business day of the following month. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
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Bankwest Smart eSaver (on balances up to $500,000.99)
Name Rate
Standard variable rate 0.01% p.a.
Variable Bonus rate 1 0.39% p.a.
Variable Smart rate ? The variable Smart rate is calculated by combining the variable standard rate and Bonus rate. 1 0.40% p.a.
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Bankwest Smart eSaver (on balances from $500,001 to $5,000,000.99)
Name Rate
Standard variable rate 0.01% p.a.
Variable Bonus rate 1 0.09% p.a.
Variable Smart rate ? The variable Smart rate is calculated by combining the variable standard rate and Bonus rate. 1 0.10% p.a.
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Rates are subject to change (including while you hold the account). The above rates are calculated daily and paid on the first business day of the following month. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
Learn more about this product

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Children’s Savings Account
Balance Variable rate
$0 to $2,999.99 0.01% p.a.
$3,000 to $9,999.99 0.05% p.a.
$10,000 to $19,999.99 0.30% p.a.
Over $20,000 0.50% p.a.
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Interest is calculated at the applicable rate on the entire balance.
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Rates are subject to change.

For more information about choosing the right account for you, please refer to The Smarter Banking Booklet (PDF) - produced by the Australian Bankers' Association.

Our term deposit rates

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Online Term Deposit (also known as tddirect)
Term Maturity/Annually Half-yearly Quarterly Monthly
1 month 0.05% p.a. - - -
2 months 0.10% p.a. - - -
3 months 0.20% p.a. - - -
4 months 0.20% p.a. - - -
5 months 0.20% p.a. - - -
6 months 0.50% p.a. - - -
7 months 0.25% p.a. - - -
8 months 0.25% p.a. - - -
9 months 0.25% p.a. - - -
10 months 0.25% p.a. - - -
11 months 0.25% p.a. - - -
12 months 0.50% p.a. 0.50% p.a. 0.50% p.a. 0.50% p.a.
24 months 0.50% p.a. 0.50% p.a. 0.50% p.a.
0.50% p.a.
36 months 0.50% p.a.
0.50% p.a.
0.50% p.a.
0.50% p.a.
48 months 0.50% p.a.
0.50% p.a.
0.50% p.a.
0.50% p.a.
60 months 0.50% p.a.
0.50% p.a.
0.50% p.a.
0.50% p.a.
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Rates displayed are current and were last updated on 9 April 2021.
Interest rates on offer may vary at any time without notice.
Rates apply for investment amounts from $1,000 to $5,000,000.
Learn more about this product

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Gold Term Deposit
Term Maturity/Annually Half-yearly Quarterly Monthly
1 month 0.05% p.a. - - -
2 months 0.10% p.a. - - -
3 months 0.20% p.a. - - -
4 months 0.20% p.a. - - -
5 months 0.20% p.a. - - -
6 months 0.50% p.a. - - -
7 months 0.25% p.a. - - -
8 months 0.25% p.a. - - -
9 months 0.25% p.a. - - -
10 months 0.25% p.a. - - -
11 months 0.25% p.a. - - -
12 months 0.50% p.a.
0.50% p.a.
0.50% p.a.
0.50% p.a.
24 months 0.50% p.a.
0.50% p.a.
0.50% p.a.
0.50% p.a.
36 months 0.50% p.a.
0.50% p.a.
0.50% p.a.
0.50% p.a.
48 months 0.50% p.a.
0.50% p.a.
0.50% p.a.
0.50% p.a.
60 months 0.50% p.a.
0.50% p.a.
0.50% p.a.
0.50% p.a.
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Rates displayed are current and were last updated on 9 April 2021.
Interest rates on offer may vary at any time without notice.
Rates apply for investment amounts from $5,000 to $2,000,000.
Learn more about this product

For more information about choosing the right account for you, please refer to The Smarter Banking Booklet (PDF) - produced by the Australian Bankers' Association.

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Foreign exchange rates

Rates for business products

  1. This rate applies when bonus conditions are met, view product page for more details.
  2. New TeleNet Saver customers only.