Boost your savings
and be rewarded

Earn 2.60% p.a.* ongoing variable interest with a Hero Saver Account.

*Must deposit at least $200 per month (excluding interest) and make no withdrawals. Only available on balances up to $250,000. Standard variable rate, currently 0.01% p.a. applies if hero rate conditions are not met. Limit of one Bankwest Hero Saver account per person. 

Hero Saver

The perfect partner to reaching your goals, the Hero Saver account rewards you for making regular savings contributions and making no withdrawals.


Start small

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.

How it works

If you deposit $200 a month (excluding interest) and make no withdrawals, you'll earn the variable Hero rate (currently 2.60% p.a.) on balances up to $250,000.

In any month you don’t meet this criteria, you'll 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.

Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers.

Rates and fees

Name Rate
Variable Hero rate (on balances up to $250,000) 2.60% p.a.
Standard variable interest rate 0.01% p.a.
Name Amount
Paper statement fee $1.25 per statement

Customers with this account will receive eStatements via Bankwest Online Banking. Customers who opt to receive a paper statement, however, may be charged the above fee. All accounts opened prior to 13 February 2017 will be progressively switched over to eStatements. 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 and Your Guide to Banking Fees.

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)

Related documents:
Investment and Transaction Account Terms and Conditions (PDF)
Account Access Conditions of Use (PDF)
Banking Services Rights and Obligations (PDF)
Your Guide to Banking Fees (PDF)

Apply today

Here are your next steps...

Check your eligibility

  • Available to people aged 12 years and older
  • Limit of one account per customer
  • Maximum two account holders permitted on the account.
  • For joint applications please pop in to a Bankwest store.

Things you need for your application

Find out more about what you may need to provide.

Already started? Resume your application.

Need help choosing an account?

Speak with someone from the team today.

Looking for something else? 

Find a savings account to suit.