Westpac
Every product Westpac publishes under the Consumer Data Right, with its rates set beside every other bank's. It last changed one on 7 Nov 2026.
- Deposits are covered by the government's Financial Claims Scheme up to $250,000 per account holder, one cap shared with Bank of Melbourne, BankSA and St.George Bank under the same banking licence. Who shares a cap
- Australian credit licence and AFS licence 233714, held by Westpac Banking Corporation; credit licence since 1 March 2011. Complaints it can't resolve go to the Australian Financial Complaints Authority (AFCA). ASIC register
65 products in 10 categories
Westpac's rates today
Westpac's best rate in each category, next to the best you'll find anywhere and the typical institution's best, as of 7 November 2026. Only products anyone can apply for are counted.
Where Westpac sits among every institution's best
| Rate | Westpac | Best anywhere | Typical institution |
|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.34%Flexi First: Our lowest online variable home loan rate (Owner Occupied) | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions |
| 3-year fixed home loanOwner occupier, principal & interest, 80% LVR | 7.04%Fixed Rate Home Loan | 6.24%Credit Union SA's 3-Year Fixed 40 Year Home Loan Package | 6.69%of 80 institutions |
| Savings accountBase plus any bonus, when its conditions are met | 5.25%Westpac Life | 5.75%Defence Bank Limited's iSaver | 4.85%of 73 institutions |
| 12-month term depositBest rate for a 12-month term | 5.20%Term Deposit | 5.75%Suncorp Bank's Term Deposit | 5.30%of 65 institutions |
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 7.29%Unsecured Personal Loan | 5.80%Plenti Personal Loan | 7.96%of 68 institutions |
| Credit card purchase rateOngoing purchase rate, not introductory offers | 9.90%Westpac Lite Card | 7.49%Unity Bank's Low Rate Visa Credit Card | 12.49%of 51 institutions |
| Business savings accountEach institution's best interest-paying business account, base plus any bonus | 0.55%Business Cash Reserve Savings | 5.40%Great Southern Bank Business+'s Business+ Saver | 0.55%of 34 institutions |
| Business 12-month term depositBest rate for a 12-month term | 5.20%Business Term Deposit | 5.70%AMP Bank GO 12 Month Business Term Deposit | 5.30%of 17 institutions |
| Business overdraftLowest advertised rate; most are variable | 8.36%Business Overdraft | 8.24%IMB Bank's Commercial Credit line | 10.06%of 12 institutions |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 8.16%Secured Business Loan | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions |
| Business credit card purchase rateOngoing purchase rate, not introductory offers | 20.24%Altitude Business Gold | 6.96%Greater Bank's Business Visa Credit Card | 13.49%of 14 institutions |
Westpac home loan repayments
Repayments at Westpac's lowest published rate for each loan type: owner occupier at 80% LVR unless marked investor, principal and interest, products open to anyone.
- 6.34%6.35% comparison$3,729a month
$742,618 in interest, $1,342,618 repaid in all
- 1-year fixedFixed Rate Home Loan6.84%7.12% comparison$3,928a month
$813,918 in interest, $1,413,918 repaid in all
- 2-year fixedFixed Rate Home Loan6.84%7.13% comparison$3,928a month
$813,918 in interest, $1,413,918 repaid in all
- 3-year fixedFixed Rate Home Loan7.04%7.20% comparison$4,008a month
$842,861 in interest, $1,442,861 repaid in all
- 5-year fixedFixed Rate Home Loan7.24%7.34% comparison$4,089a month
$872,036 in interest, $1,472,036 repaid in all
- Investor variableFlexi First: Our lowest online variable home loan rate (Investor)6.49%6.50% comparison$3,788a month
$763,847 in interest, $1,363,847 repaid in all
Principal and interest, monthly, as if the rate held for the whole term: a fixed rate reverts to a variable one when the fixed period ends. Fees, offsets and extra repayments aren't included; the repayment calculator handles those. Not Westpac's own calculator: confirm the rate with Westpac before you apply.
Westpac home loan rates
Compare across banks11 products
Its lowest owner-occupier variable home loan rate (principal and interest, 80% LVR) is 6.34%, with a comparison rate of 6.35%, on its Flexi First: Our lowest online variable home loan rate (Owner Occupied): 39th lowest of 104 lenders, level with 10 others.
- Bridging Home Loan
- Max LVR
- 80%
- Annual fee
- $96
- Features
- extra repayments
- Fixed Rate Home Loan
- Fixed
- 1 yr 6.74%, 2 yrs 6.74%, 3 yrs 6.94%, 4 yrs 7.09%, 5 yrs 7.14%
- Max LVR
- 95%
- Annual fee
- $395
- Flexi First Option Home Loan - Veterans
- Variable (owner occ. P&I)
- 3.25%
- Max LVR
- 95%
- Features
- redraw, extra repayments
- Flexi First: Our lowest online variable home loan rate (Investor)
- Variable (investor P&I)
- 6.39%
- Max LVR
- 95%
- Features
- redraw, extra repayments
- Flexi First: Our lowest online variable home loan rate (Owner Occupied)
- Variable (owner occ. P&I)
- 6.24%, 6.25% comparison
- Max LVR
- 95%
- Features
- redraw, extra repayments
- Premium Options Home Loan
- Variable (investor P&I)
- 9.08%
- Max LVR
- 95%
- Annual fee
- $395
- Rocket Loan: Variable Home Loan with Offset (Investor)
- Variable (investor P&I)
- 6.84%
- Max LVR
- 95%
- Annual fee
- $395
- Rocket Loan: Variable Home Loan with Offset (Owner Occupied)
- Variable (owner occ. P&I)
- 6.64%, 7.01% comparison
- Max LVR
- 95%
- Annual fee
- $395
- Sustainable Upgrades Home Loan
- Variable (owner occ. P&I)
- 4.74%, 4.74% comparison
- Features
- extra repayments
- Sustainable Upgrades Investment Loan
- Variable (investor P&I)
- 4.74%
- Features
- extra repayments
- Variable Rate Investment Property Loan
- Variable (investor P&I)
- 9.63%
- Max LVR
- 95%
- Annual fee
- $395
Westpac savings and transaction account rates
Compare across banks18 products
Its highest savings rate is up to 5.25% (0.10% base plus a 5.15% bonus when its conditions are met), on its Westpac Life: 24th highest of 84 institutions, level with 4 others.
- Bank account with debit card for Students and young adults
- Base rate
- 0.00%
- Monthly fee
- $5
- Bump Savings
- Base rate
- 1.75%
- Bonus rate
- 3.55%
- Up to
- 5.30%
- Business Cash Reserve Savings
- Base rate
- 0.55%
- Monthly fee
- $0
- Business One
- Base rate
- 0.00%
- Monthly fee
- $0
- Business One - Negotiator Plan
- Pricing
- Rates on application
- Monthly fee
- $0
- Business One - Plus
- Base rate
- 0.00%
- Monthly fee
- $10
- Business Premium Cash Reserve
- Base rate
- 0.01%
- Monthly fee
- $0
- Cash Investment Account
- Base rate
- 1.20%
- Monthly fee
- $0
- Community Solutions Cash Reserve
- Base rate
- 0.55%
- Monthly fee
- $0
- Community Solutions One
- Base rate
- 0.00%
- Monthly fee
- $0
- Westpac 55+ and Retired
- Base rate
- 0.05%
- Monthly fee
- $0
- Westpac Choice
- Base rate
- 0.00%
- Monthly fee
- $5
- Westpac Choice for concession holders
- Base rate
- 0.00%
- Monthly fee
- $0
- Westpac Choice for migrants
- Base rate
- 0.00%
- Monthly fee
- $5
- Westpac eSaver
- Base rate
- 1.25%
- Bonus rate
- 0.55%
- Up to
- 1.80%
- Westpac Life
- Base rate
- 0.10%
- Bonus rate
- 5.15%
- Up to
- 5.25%
- Westpac Notice Saver 31, 60 & 90 days
- Base rate
- 0.00%
- Monthly fee
- $0
- Youth Bank Account and Debit Card
- Base rate
- 0.00%
- Monthly fee
- $5
Westpac term deposit rates
Compare across banks4 products
Its highest 12-month term deposit rate is 5.20%, on its Term Deposit: 47th highest of 65 institutions, level with 5 others.
| Rate | Westpac | Best anywhere | Typical institution |
|---|---|---|---|
| 3-month term depositBest rate for 3 months | 3.25%Term Deposit | 5.30%Heartland Bank's Broker Term Deposit | 4.60%of 55 institutions |
| 6-month term depositBest rate for 6 months | 3.40%Term Deposit | 5.47%Heartland Bank's Broker Term Deposit | 5.10%of 63 institutions |
| 12-month term depositBest rate for 12 months | 5.20%Term Deposit | 5.75%Suncorp Bank's Term Deposit | 5.30%of 65 institutions |
| 5-year term depositBest rate for 5 years | 4.00%Term Deposit | 5.65%Judo Bank's Personal Term Deposits | 4.00%of 27 institutions |
- Business Term Deposit
- Best rate
- 5.20% for 12m
- 12 months
- 5.20%
- Min deposit
- $5,000
- Farm Management Deposit account
- Best rate
- 4.75% for 12m
- 12 months
- 4.75%
- Min deposit
- $1,000
- Foreign Currency Term DepositPriced on application
- Pricing
- Rates on application
- Min deposit
- $50,000
- Term Deposit
- Best rate
- 5.20% for 12m
- 12 months
- 5.20%
- Min deposit
- $5,000
Westpac credit card rates
Compare across banks13 products
Its lowest credit card purchase rate is 9.90%, on its Westpac Lite Card: 4th lowest of 51 card issuers.
- Altitude Black Rewards World Mastercard
- Purchase rate
- 23.98%
- Cash advance
- 23.99%
- Interest-free days
- 45
- Altitude Business Gold
- Purchase rate
- 20.24%
- Cash advance
- 20.74%
- Interest-free days
- 55
- Altitude Business Platinum
- Purchase rate
- 20.24%
- Cash advance
- 20.74%
- Interest-free days
- 55
- Altitude Qantas Black
- Purchase rate
- 23.98%
- Cash advance
- 23.99%
- Interest-free days
- 45
- Altitude Qantas Platinum
- Purchase rate
- 23.98%
- Cash advance
- 23.99%
- Interest-free days
- 45
- Altitude Rewards Platinum
- Purchase rate
- 23.98%
- Cash advance
- 23.99%
- Interest-free days
- 45
- Altitude Velocity Black
- Purchase rate
- 23.98%
- Cash advance
- 23.99%
- Interest-free days
- 45
- Altitude Velocity Platinum
- Purchase rate
- 23.98%
- Cash advance
- 23.99%
- Interest-free days
- 45
- BusinessChoice Everyday
- Purchase rate
- 14.25%
- Cash advance
- 19.96%
- Interest-free days
- 55
- BusinessChoice Rewards Platinum
- Purchase rate
- 20.24%
- Cash advance
- 20.24%
- Interest-free days
- 55
- Low Fee Card
- Purchase rate
- 20.99%
- Cash advance
- 21.99%
- Interest-free days
- 55
- Low Rate Card
- Purchase rate
- 13.74%
- Cash advance
- 21.99%
- Interest-free days
- 55
- Westpac Lite Card
- Purchase rate
- 9.90%
- Interest-free days
- 45
- Foreign transaction fee
- 0.00%
Westpac personal loan rates
Compare across banks3 products
Its lowest advertised personal loan rate is 5.74% fixed, with a comparison rate of 7.16%, on its Car Loan: the lowest of 69 lenders.
Westpac business loan rates
Compare across banks6 products
Its lowest advertised business loan rate is 8.16% variable, on its Secured Business Loan: 35th lowest of 49 lenders.
- Bank Bill Business LoanPriced on application
- Pricing
- Rates on application
- Loan size
- $250,000 to no maximum
- Monthly fee
- $40
- Commercial Hire Purchase
- Pricing
- Rates on application
- Loan size
- $15,000 to no maximum
- Upfront fee
- $500
- Commercial Loan
- Pricing
- Rates on application
- Loan size
- $15,000 to no maximum
- Upfront fee
- $500
- Insurance Premium Finance
- Pricing
- Rates on application
- Loan size
- $5,000 to no maximum
- Upfront fee
- $150
- Secured Business Loan
- Variable
- 8.16%
- Loan size
- $10,000 to no maximum
- Monthly fee
- $14
- Unsecured Business Loan
- Fixed
- 14.15%
- Loan size
- $5,000 to $250,000
- Upfront fee
- $250
Westpac margin loan rates
Compare across banks3 products
Its lowest advertised margin loan rate is 8.60% variable, on its Westpac Online Investment Loan: the lowest of 3 lenders.
Westpac overdraft rates
Compare across banks2 products
Its lowest advertised overdraft rate is 8.36% variable, on its Business Overdraft: 3rd lowest of 23 lenders.
Westpac trust accounts
Compare across banks3 products
Has Westpac passed on the RBA's November 2026 rate rise?
Westpac hasn't changed its published variable home loan rates since the RBA's 4 Nov 2026 rise.
Its published savings rates haven't moved since the RBA's 4 Nov 2026 rise.
Thu 15 Oct
Westpac lifted 4 variable home loan rates by 0.25 percentage points.
0.25- Premium Options Home Loan (2 rates)
- Variable Rate Investment Property Loan (2 rates)
Sun 11 Oct
Westpac lifted 21 savings rates by 0.10 to 0.15 percentage points.
0.10 to 0.15- Business Cash Reserve Savings (8 rates)
- Community Solutions Cash Reserve (8 rates)
- Business Premium Cash Reserve (5 rates)
Fri 9 Oct
Westpac lifted 7 variable home loan rates by 0.25 percentage points.
0.25Westpac lifted 6 savings rates by 0.25 percentage points.
0.25- Bump Savings (1 rate)
- Westpac eSaver (1 rate)
- Westpac Life (1 rate)
- Westpac 55+ and Retired (3 rates)
Westpac cut 1 savings rate by 0.05 percentage points.
0.05
Published by Westpac under the Consumer Data Right, last changed by them on 7 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.