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.

Benefits

A choice of accounts

For everyone from the casual saver to the disciplined goal-setter.
 

Competitive rates

Interest rates that reward you for good savings habits.

Watch your savings grow

Interest is calculated daily and paid monthly.

Our savings accounts

I am saving for

Hero Saver

  • Earn the variable Hero rate on balances up to $250,000 each month you deposit $200, excluding interest, and make no withdrawals 1 Standard variable rate applies each month you make a withdrawal and/or deposit less than $200. This rate also applies to balances over $250,000 and up to $5 million. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
    Close
  • $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). Close
  • No linked Bankwest transaction account required

2.60 %
p.a.

Variable Hero rate

0.01 %
p.a.

Standard variable interest rate 

Smart eSaver

  • For every month you make no withdrawals, you'll earn the variable Smart rate on balances up to $500,000 3 Different rate applies to balances over $500,000. Any month that you need to dip into your savings you will receive our standard variable rate.
    Close
  • No minimum monthly deposit required
  • Requires a linked Bankwest transaction account

2.05 %
p.a.

Variable Smart rate

0.01 %
p.a.

Standard variable interest rate 

Kids' Bonus Saver

  • Earn the Bonus rate each month you deposit $25- $250
     and make no withdrawals 4 You will earn the standard variable interest rate in any month you deposit less than $25 per month; or make a withdrawal. Close
  • Teach children the benefits of good savings habits
  • Must be linked to Bankwest Children's Savings Account

4.75 %
p.a.

Variable Bonus rate

0.01 %
p.a.

Standard variable interest rate

Children's Savings Account

0.75 %
p.a.

Variable interest rate

6 Applies to balances from $0 to $2,999.99. Different rates apply, depending on account balance. Close

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.

Need help choosing a savings account?

Speak with someone from the team today.

Things you should know

1. Standard variable rate applies each month you make a withdrawal and/or deposit less than $200. This rate also applies to balances over $250,000 and up to $5 million. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
2. Fees which may be incurred are listed in the Hero Saver Product Schedule (PDF) and the Your Guide to Banking Fees (PDF).
3. Different rate applies to balances over $500,000. Any month that you need to dip into your savings you will receive our standard variable rate.
4. You will earn the standard variable interest rate in any month you deposit less than $25 per month; or make a withdrawal.
5. Fees which may be incurred are listed in the Children's Savings Account Product Schedule (PDF) and the Your Guide to Banking Fees (PDF).
6. Applies to balances from $0 to $2,999.99. Different rates apply, depending on account balance.

For Hero Saver, Smart eSaver and Kids' Bonus Saver accounts, only one account is allowed per customer.