Bankwest
Hero Saver
A savings account that rewards you for growing your balance
Savings & transaction accountsBank updated 23 Sept 2026
At a glance
- Base rate
- 0.00%
- Bonus rate
- 4.45%
- Up to
- 4.45%
- Monthly fee
- $0
§ 01 — Rates · 6
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusBonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate on that day if the total amount of deposits (excluding interest) exceeds the total amount of with… | — | — | up to $250,001 | 4.45% | — | paid every 1 mo |
| BonusBonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate on that day if the total amount of deposits (excluding interest) exceeds the total amount of with… | — | — | $250,001–$5,000,001 | 0.00% | — | paid every 1 mo |
| BonusBonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate on that day if the total amount of deposits (excluding interest) exceeds the total amount of with… | — | — | $5,000,001+ | 0.00% | — | paid every 1 mo |
| VariableCredit interest will be paid in respect of each day at Your Credit Interest Rate current on that day. | — | — | up to $250,001 | 0.65% | — | paid every 1 mo |
| VariableCredit interest will be paid in respect of each day at Your Credit Interest Rate current on that day. | — | — | $250,001–$5,000,001 | 0.65% | — | paid every 1 mo |
| VariableCredit interest will be paid in respect of each day at Your Credit Interest Rate current on that day. | — | — | $5,000,001+ | 0.00% | — | paid every 1 mo |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Search Handling Fee | Event | $40 | — | For completion of any search conducted by the Bank (per search) |
| Maintenance Fee | Periodic | No fee | Every 1 mo | No monthly maintenance fees apply to this product. |
§ 03 — Features
Instant paymentsPayIDDigital banking
- · You can bank over the phone.
- · Direct credits to the account are permitted.
- · Create a goal, set up regular deposits and track your progress in the app.
- · To receive bonus interest, make at least one deposit of any amount (excluding interest) on or before the close of business on the last business day of the month, where you make a withdrawal the total…
- · No maximum monthly deposit limit.
§ 04 — Eligibility & limits
- · Minimum age 14
- · Residency: Australian citizen or Australian permanent resident
- · Available to individuals
- · There is a limit of one account per person, whether as a single or joint account holder.
- · A maximum of two account holders is permitted on the account. Additional eligibility criteria apply for joint accounts.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Bankwest under the Consumer Data Right, last changed by them on 23 Sept 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.