Bankwest Smart eSaver

An online savings account that rewards you for every month you don't make a withdrawal.


Savings incentive

Enjoy the bonus interest rate for every month you make no withdrawals.

Pair with your everyday account

You'll need a Bankwest transaction account to open a Smart eSaver.


No minimum monthly deposit required.

How it works

The Smart eSaver rewards you for leaving your savings alone to grow. No monthly account maintenance fees apply to this account.

Before you set up a Smart eSaver

You'll need to have a Bankwest transaction account open in your name, which will be linked to your Smart eSaver. Monthly maintenance fees may apply to the linked account.

If you don’t touch your savings

For every month you don’t touch your savings interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers outlined below.

If you do make withdrawals

For every month you do make a withdrawal, you'll receive our standard variable interest rate (currently 0.01% p.a.).

Rates and fees

Name Rate
Variable Smart rate (on balances up to $500,000) 1.90% p.a.
Variable Smart rate (on balances from $500,000 to $5,000,000) 1.50% 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 and the Bankwest App. Customers who opt to receive a paper statement, however, may be charged the above fee. Exemptions apply.

The above rates are calculated daily, paid on the first business day of the following month and are subject to change. 

Note: this account has an investment limit of $5,000,000.

Apply today

Here are your next steps...

Check your eligibility

  • 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 Smart eSaver)
  • Limit of one account per customer.

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

Looking for something else? 

Check out some of our other savings accounts.

Need help choosing an account?

Speak with someone from the team today.