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 can 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.

For every month you don’t touch your savings, you’ll earn a Variable Smart rate. Interest is calculated at the applicable rate on the portion of the balance which falls within each of the tiers outlined below.

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) 2.05% p.a.
Variable Smart rate (on balances from $500,000 to $5,000,000) 1.70% 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 mobile 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 bank accounts

Need help choosing an account?

Speak with someone from the team today.