Online savings account
Westpac eSaver lets you save with ease with introductory interest and unlimited withdrawals and 24/7 access.
Why open an eSaver account?
- Competitive interest rate on savings
- No Account-Keeping Fee 1
- Unlimited access via a linked Westpac Choice account (if you don't have one, we'll open one for you)
- No minimum deposit or monthly balance
- New Westpac eSaver customers receive an introductory fixed rate on top of the standard variable rate for the first 5 months.
Interest rates
Total introductory variable rate for the first 5 months (new eSaver customers only):
5.00% p.a. Online application |
4.65% p.a. In-branch or staff assisted applications |
The total introductory variable rate is a combination of:
| Standard variable rate (after 5 months or existing customers) | 1.10% p.a. |
| 5 month introductory fixed rate2 | 3.55% p.a. |
| Online bonus rate (available from 17/11/2023 for a limited time only. Only available for new eSaver accounts opened online by sole applicants who have never held an eSaver account before.) | 0.35% p.a. |
Safe and secure savings
Get the Westpac App for even easier banking
View and transfer funds fast
Quick Balance lets you view the balance of three main accounts and quickly transfer money without signing in.
Manage your cards in one place
Misplaced your card? Temporarily lock it while you’re looking, order a new one, or change your PIN, all in the app’s convenient Cards Hub.
Get sorted with in-app budget tools
Track your month-to-month Cash flow and spot areas where you could be making savings with your spend sorted in Categories.
Account fees
| Standard fees (fees may change) | Westpac eSaver | Westpac Choice |
|---|---|---|
| Account-Keeping Fee | $0 | $5 (criteria for fee waiver below) |
| Domestic ATM Transactions3 | $0 | $0 |
| Overdrawn Fee | $15 | $15 |
| Branch staff assisted withdrawal | $0 | $0 |
| Telephone Banking withdrawal (automated) | $0 | $0 |
| Telephone Banking withdrawal (non-automated) | $0 | $0 |
| Direct debit | $0 | $0 |
| Point of Sale (POS) transactions - All transactions conducted at a POS terminal | $0 | $0 |
| Online banking (including mobile banking) fees | $0 | $0 |
This fee is waived for:
- Customers that deposit at least $2,000 each month (other fees apply)
- Customer under the age of 30 or a full-time tertiary students
- Australian Pensioner Concession or Health Care Card holders
- New to Australia or expatriate customers (for the first 12 months).
Help when you need it
Rates, tools and calculators
Things you should know
Before making a decision about any of our products or services, please read all the terms and conditions. Fees and charges apply and may change.
1.
Westpac everyday account: To open a Westpac eSaver account, you must hold a Westpac everyday account. Fees and charges apply on a Westpac everyday account.
2. Introductory fixed interest: If you have not had a Westpac eSaver account before, an introductory fixed interest rate of 3.55% p.a. applies for the first 5 months, on top of the standard variable rate. After 5 months, the standard variable interest rate, currently 1.10% p.a. will apply. Existing or previous eSaver account holders are not eligible for this offer. Joint accounts are eligible where the primary account holder has not held an eSaver account before.
2. Introductory fixed interest: If you have not had a Westpac eSaver account before, an introductory fixed interest rate of 3.55% p.a. applies for the first 5 months, on top of the standard variable rate. After 5 months, the standard variable interest rate, currently 1.10% p.a. will apply. Existing or previous eSaver account holders are not eligible for this offer. Joint accounts are eligible where the primary account holder has not held an eSaver account before.
3. Non-Westpac Group branded ATMs: may apply an operator fee by the ATM owner for a balance enquiry or cash withdrawal made, which should be disclosed at the time of the transaction on the ATM screen. This fee is debited on the day (or next business day) of the transaction and is itemised separately on your statement.
^ Safe Online Banking guarantee: ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Westpac promptly. Refer to the Westpac Online Banking Terms and Conditions (PDF 407KB) for full details, including when a customer will be liable.
~ Financial Claims Scheme: payments under the FCS are subject to a limit for each depositor. For more information visit www.fcs.gov.au.
^ Safe Online Banking guarantee: ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Westpac promptly. Refer to the Westpac Online Banking Terms and Conditions (PDF 407KB) for full details, including when a customer will be liable.
~ Financial Claims Scheme: payments under the FCS are subject to a limit for each depositor. For more information visit www.fcs.gov.au.