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) 2 1.15% p.a.
Variable standard interest rate
0.05% p.a.
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Hero saver
Rate type Variable rate
Hero rate (on balances up to $250,000) 1 1.25% p.a.
Standard rate (on balances from $250,000 to $5,000,000) 0.01% p.a.
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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
Rate type Variable rate
Smart rate (on balances up to $500,000) 1 0.65% p.a.
Smart rate (on balances from $500,000 to $5,000,000) 1 0.25% p.a.
Standard rate 0.01% p.a.
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Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
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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 0.45% p.a.
Over $20,000 1.25% 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 0.45% p.a. - - -
2 months 0.70% p.a. - - -
3 months 0.95% p.a. - - -
4 months 0.95% p.a. - - -
5 months 0.95% p.a. - - -
6 months 1.00% p.a. - - -
7 months 0.95% p.a. - - -
8 months 0.95% p.a. - - -
9 months 0.95% p.a. - - -
10 months 0.95% p.a. - - -
11 months 0.95% p.a. - - -
12 months 1.05% p.a. 1.05% p.a. 1.05% p.a. 1.04% p.a.
24 months 1.05% p.a. 1.05% p.a. 1.05% p.a.
1.04% p.a.
36 months 1.05% p.a.
1.05% p.a.
1.05% p.a.
1.04% p.a.
48 months 1.20% p.a.
1.20% p.a.
1.19% p.a.
1.19% p.a.
60 months 1.20% p.a.
1.20% p.a.
1.19% p.a.
1.19% p.a.
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Rates displayed are current and were last updated on 6 May 2020.
Interest rates on offer may vary at any time without notice.
Rates apply for investment amounts from $1,000 to $5,000,000.
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Gold Term Deposit
Term Maturity/Annually Half-yearly Quarterly Monthly
1 month 0.40% p.a. - - -
2 months 0.65% p.a. - - -
3 months 0.90% p.a. - - -
4 months 0.90% p.a. - - -
5 months 0.90% p.a. - - -
6 months 0.95% p.a. - - -
7 months 0.90% p.a. - - -
8 months 0.90% p.a. - - -
9 months 0.90% p.a. - - -
10 months 0.90% p.a. - - -
11 months 0.90% p.a. - - -
12 months 1.00% p.a.
1.00% p.a.
1.00% p.a.
1.00% p.a.
24 months 1.00% p.a.
1.00% p.a.
1.00% p.a.
1.00% p.a.
36 months 1.00% p.a.
1.00% p.a.
1.00% p.a.
1.00% p.a.
48 months 1.15% p.a.
1.15% p.a.
1.15% p.a.
1.14% p.a.
60 months 1.15% p.a.
1.15% p.a.
1.15% p.a.
1.14% p.a.
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Rates displayed are current and were last updated on 6 May 2020.
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.