TeleNet Saver

With the ability to make withdrawals via your linked account at any time, the TeleNet Saver is a flexible online savings account.

Benefits

Introductory rate

Four-month variable intro rate when you open your first TeleNet Saver account.

Pair with your everyday account

You’ll need a Bankwest transaction account to open a TeleNet Saver.

Flexibility

No minimum monthly deposit required.

Save in more ways than one

No monthly maintenance fees (although fees may apply to your linked account).

Rates and fees

Rates

Name

Rate

Variable introductory rate (for first four months on balances up to $5,000,000)

2.75% p.a.

Variable standard interest rate

1.50% p.a.

More

Fees

Name

Amount

Paper statement fee

$1.25 per statement

More

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 variable and subject to change (including while you hold the account).
A $5,000,000 maximum investment limit applies for first four months when you open your first TeleNet Saver account.
The above rates are calculated daily and paid on the first business day of the following month.

View our TeleNet Saver terms and conditions

TeleNet Saver terms and conditions:

The special variable introductory rate reverts to the standard interest rate after four months from account opening. The rates above are for new accounts opened. For existing customers, refer to your account welcome letter for the margin that applies to the special introductory base rate. The special variable introductory rate is only available once per customer's lifetime (either a joint or single account holder). A linked account is required to operate the Bankwest TeleNet Saver account and additional fees may apply.

Product Disclosure Statement:
TeleNet Saver & TeleNet Term Deposit Product Disclosure Statement (PDF)

Related documents:
Change of Linked Account Request (PDF)

Apply today

Here are your next steps...

Check your eligibility

  • Available to people aged 12 years and older
  • Only available to customers holding a Bankwest transaction account. Find out about our transaction accounts
  • Transaction account must allow direct debits to and from the account (this enables us to transfer funds from your linked account to your TeleNet Saver).
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Things you need for your application

  • Your Bankwest transaction account details (BSB and account number) that will be linked to this savings account
  • Photo identification such as an Australian driver's licence or passport. Or, see a handy list of other ID documents we’ll accept
  • Tax file number (optional).

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.