Westpac
Westpac eSaver
Westpac eSaver makes saving a breeze. You?ll get an introductory interest rate and online access to your money whenever you need it.
Savings & transaction accountsBank updated 8 Sept 2026
At a glance
- Base rate
- 1.25%
- Bonus rate
- 0.55%
- Up to
- 1.80%
- Intro rate
- 3.55% for 5 mo
- Monthly fee
- $0
§ 01 — Rates · 5
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusOnline bonus rate available for a limited time only. Only available for new eSaver accounts opened online by sole applicants who have never held an eSaver account before. | — | — | — | 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 | — | 5 mo intro | — | 3.55% | — | 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; To earn the standard variable rate, keep your account balance above $0 at all times |
§ 02 — Fees · 7
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Overdrawn Fee | Event | $15 | — | $15.00 per item, nil for Westpac Choice Concession account holders. |
| Direct Debit | Payment | No fee | — | — |
| Account Keeping Fee | Periodic | No fee | Every 1 mo | — |
| Branch staff assisted withdrawal | Withdrawal | No fee | — | — |
| Online Banking (including Mobile Banking) | Withdrawal | No fee | — | Online transfer withdrawals via Online Banking. |
| Telephone Banking withdrawal (self service) | Withdrawal | No fee | — | — |
| Telephone Banking withdrawal (staff assisted) | Withdrawal | No fee | — | — |
§ 03 — Features
Digital bankingFraud protectionUnlimited transactionsRelationship manager
- · 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.
§ 04 — Eligibility & 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.
§ 05 — Compare
§ 06 — Run the numbers
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Published by Westpac under the Consumer Data Right, last changed by them on 8 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.