WestpacWestpac eSaver
Westpac eSaver makes saving a breeze. You'll get an introductory interest rate and online access to your money whenever you need it.
At a glance
- Up to
- 1.80%
- Base rate
- 1.25%
- Bonus rate
- 0.55%
- Intro rate
- 3.80% for 5 mo
- Monthly fee
- $0
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
What a bonus account pays in a month its conditions aren't met. One dot per institution, at its highest base rate on a bonus savings account anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 1.80% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 51st highest of 51 |
| Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met | 1.25% | 3.45%Heritage's Online Saver Account | 0.10%of 43 institutions | 4th highest of 43, level with 3 others |
Rates
Every rate Westpac publishes for this account, 5 in all.
How the rate is made up
1.80%in a month every condition is met
To earn the bonus
- New customer
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusFixed online bonus rate for the first 5 months for opening online. Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the acco… | - | - | - | 0.45% | - | paid every 1 mo; Online only |
| BonusOpening a Westpac eSaver when you arrive in Australia lets you save with unlimited withdrawals and bonus interest for the first 5 months. | - | - | - | 0.55% | - | paid every 1 mo; New customer |
| IntroductoryFixed introductory rate for the first 5 months. Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last bus… | - | 5 mo intro | - | 3.80% | - | paid every 1 mo; New accounts |
| Penalty | - | - | - | 15.01% | - | The Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted… |
| Variable | - | - | - | 1.25% | - | paid every 1 mo; Standard variable rate (after 5 months or existing customers). Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account… |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Introductory, 5 mo intro | 3.55% | 3.80% | up 0.25 |
Each change is logged the night it appears in the rates Westpac publishes. See how every lender answered the RBA on the rate tracker.
Fees
7 fees published, grouped by when they're charged.
While you hold it1
- Account Keeping FeeNo fee
When you make a transaction5
- Direct DebitNo fee
- Branch staff assisted withdrawalNo fee
- Online Banking (including Mobile Banking)
Online transfer withdrawals via Online Banking.
No fee - Telephone Banking withdrawal (self service)No fee
- Telephone Banking withdrawal (staff assisted)No fee
When particular things happen1
- Overdrawn Fee
$15.00 per item, nil for Westpac Choice Concession account holders.
$15
Features
- The Westpac eSaver account comes with a Westpac Choice everyday account so you can easily transfer money in and out. We'll only open a Choice account if you don't already have one.
- Statements: 6 monthly, or more frequently on request.
- Introductory rate - Fixed rate for the first 5 months for new eSaver customers.
- $0 monthly fee - No eSaver Account-Keeping Fees (other fees may apply)
- Unlimited access - Simply link your eSaver account to a Westpac everyday account.
- Online account - With no minimum deposit or monthly balance requirements.
Eligibility and limits
- Minimum age 14
- Residency: Those with an Australian residential address and who are currently in Australia.
- Be registered for Online and Telephone Banking.
- To open a Westpac eSaver account, you must hold a Westpac everyday account. Fees and charges apply on a Westpac everyday account.
Compare it with others
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Published by Westpac under the Consumer Data Right, last changed by them on 28 Oct 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.