Bank accounts
Whether you're managing your day to day or working towards your goals, Westpac bank accounts are designed to make it easy to stay in control. Explore our range of transaction and savings accounts.
Award-winning accounts that reward with outstanding value
Westpac Choice transaction account with a Debit Mastercard® voted:
- Canstar's Outstanding Value for Transaction Accounts 2024-2026
- WeMoney Winner 2025 for Best Quality - Transaction Accounts
Westpac Choice Youth account (with a debit card for children 8 and over) voted:
- Canstar's Outstanding Value for Junior & Youth Banking 2024-2026
- WeMoney Winner 2025 for Youth Account of the Year
Westpac Savings account (with a debit card for children 8 and over) voted:
- Canstar's Outstanding Value for Savings Accounts 2026
- WeMoney Winner 2025 for Best Quality - Savings Accounts
Spend & Save with Westpac
You could earn up to 5.75% p.a. variable interest on your first $150,000 of savings with a Life Savings and Choice bank account. 18-40 year olds only.
To earn the Spend & Save variable bonus rate:
- Be aged 18-40 with a Westpac Life and Westpac Choice account in your name
- Make 20 eligible purchases with the Debit Mastercard® linked to your Westpac Choice account
- Purchases made with eligible transactions
T&Cs and exclusions apply.
Account with Debit Card
Transaction accounts designed to help you manage and access your money securely and conveniently.
Term Deposits
Know exactly what your return will be with the certainty of a fixed interest rate and a choice of different terms.
Double your $50 with us!
Open both a Westpac Choice everyday account and an eligible savings account. Deposit at least $50 into your Choice everyday account within 10 days, and we’ll add $50 to your savings. Ends 08/06/2026. Must not have held any Westpac transaction account or savings account in the last 2 years. T&Cs apply.
Save time, apply online
Smart Budgeting and savings tools
Secure your account with SafeBlock
A bank account for your every need
Kids and teens
Pay no monthly fees for more money in your pocket and bonus interest on savings to reward regular savers.
New to Australia
With a Westpac Choice account pay no Account-Keeping Fees for a year. Full-time international student? Pay no Account-Keeping Fees while you study.
Things you should know
Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.
Protected by the Financial Claims Scheme (FCS): If you have a Westpac deposit account, in certain circumstances you may be entitled to a payment under the FCS. Payments under the FCS are limited for each customer. You can find out more information from the APRA website at www.fcs.gov.au.
To open a savings account: you must also hold a Westpac everyday account. The accounts must be in the same name and be registered for Online and Phone Banking. Fees and charges may apply on the everyday account. Savings accounts include Westpac Life, Westpac Bump or Westpac eSaver.
To have a Debit Mastercard® and link it to your everyday account you must be at least:
- 8 years old for a Westpac Choice Youth account
- 14 years old for any other transaction account.
And you must have an Australian residential address.
Mastercard® is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.