I'm an existing Bankwest customer
Apply faster in online banking
I'm a new Bankwest customer
Use our easy online application
No minimum opening balance is required.
Start saving today
No linked Bankwest transaction account required.
Save in more ways than one
$0 account maintenance fees.
Rewards for regular savings
Earn the variable Hero rate when you meet the conditions outlined below.
Earn the variable Hero rate
Make no withdrawals and deposit just $200 a month (excluding interest), and you’ll earn the variable Hero rate (currently 2.60% p.a.) on balances up to $250,000.
Earn the standard variable rate
In any month you don’t meet the criteria, you’ll still receive the standard variable interest rate (currently 0.01% p.a.). Any portion of the balance over $250,000 and up to $5 million will also receive this rate.
Earn interest on your savings
Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.
|Variable Hero rate (on balances up to $250,000)||2.60% p.a.|
|Standard variable interest rate||0.01% p.a.|
|Paper statement fee||
$1.25 per statement
Customers with this account will receive eStatements via Bankwest Online Banking and the Bankwest App. Customers who opt to receive a paper statement, however, may be charged the above fee. Exemptions apply.
Rates are subject to change. The above rates are calculated daily and paid on the first business day of the following month.
Fees which may be incurred are listed in the Hero Saver Product Schedule (PDF) and Your Guide to Banking Fees (PDF).
View our Hero Saver terms and conditions
Hero Saver terms and conditions:
The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.
Hero Saver Product Schedule (PDF)
Check your eligibility
Already started? Resume your application.
Speak with someone from the team today.
Find a savings account to suit.
Make withdrawals via your linked account at any time, plus enjoy a four-month variable intro rate on your first account for balances up to $5,000,000.