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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.
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.
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.
|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. 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.
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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.