Cashback offer
Westpac eSaver Online Savings Account
Westpac eSaver makes saving a breeze. You’ll get an introductory interest rate and online access to your money whenever you need it. And when you open an eligible savings account together with a Westpac Choice everyday account, you could get $50 cashback.
Earn up to
Earn up to
5.25
Total introductory rate
For the first 5 months with a new Westpac eSaver savings account opening online. Total introductory rate[#] is a combination of:
- 3.55% p.a. fixed introductory rate for the first 5 months
- 0.45% p.a. fixed online bonus rate[#] for the first 5 months for opening online
- 1.25% p.a. 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 on the last business day of the month.
Balances, including deposits made on or after the last business day of the month, won't count towards that month's interest but will count for the next month's interest.
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Cashback offer
You could earn $50 cashback with a new account
If you open a new Westpac Choice everyday account and an eligible savings account between 9 June and 30 September 2026, here's how you could get $50[#]:
- Spend at least $50 on your debit card within 15 days of opening on eligible purchases
- You must not have held any Westpac transaction account or savings account in the last 2 years
- Accounts must be in your name only (no joint accounts).
See all FAQs
Westpac Choice
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.
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Introductory rate - Fixed rate for the first 5 months for new eSaver customers.
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$0 monthly fee - No eSaver Account-Keeping Fees (other fees may apply).
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Unlimited access - Simply link your eSaver account to a Westpac everyday account.
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Online account - With no minimum deposit or monthly balance requirements.
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Award winning - Canstar's Outstanding Value for Savings Accounts 2026 & WeMoney Winner 2025 for Best Quality – Savings Accounts.
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Australia’s Best Banking App[#]- Anytime, anywhere banking. It’s an easy, secure and convenient way to bank.
To open a Westpac eSaver savings account, you must:
- Hold a Westpac everyday account in the same name
- Be registered for Online and Telephone Banking.
Fees and charges may apply on the everyday account, including a $5 monthly Account-Keeping Fee.
| Standard fees (fees may change) | Amount |
| Account-Keeping Fee (monthly) | $0 |
| Online Banking withdrawal (including Mobile Banking) | $0 |
| Telephone Banking withdrawal (self service) | $0 |
| Telephone Banking withdrawal (staff assisted) | $0 |
| Branch staff assisted withdrawal | $0 |
| Overdrawn Fee | $15 |
| Direct debit | $0 |
Other fees and charges may apply
Please refer to the Terms and Conditions
Debit cards are not available for new eSaver accounts
For old accounts, that have a card, fees are not charged for:
- Point of Sale (POS) transactions
- ATM cash withdrawals in Australia (ATM providers may charge a fee).
To open a Westpac eSaver savings account, you must:
- Hold a Westpac everyday account in the same name
- Be registered for Online and Telephone Banking.
If you decide to open a Westpac Choice transaction account, the following fees will apply:
| Standard fees (fees may change) | Amount |
| Account-Keeping Fee (monthly) | $5 (criteria for fee waiver below) |
| Online Banking withdrawal (including Mobile Banking) | $0 |
| Telephone Banking withdrawal (self service) | $0 |
| Telephone Banking withdrawal (self assisted) | $0 |
| Branch staff assisted withdrawal | $0 |
| Direct Debit | $0 |
| Point of Sale (POS) transactions | $0 |
| ATM cash withdrawals in Australia (ATM providers may charge a fee - watch out for that!) | $0 |
| Overdrawn Fee (for more information: Overdraw Preference Feature | $15 |
| Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement | 15.01% p.a. |
| Overseas Withdrawal Fee from a Global Alliance Partner ATM (for more information on Global Alliance Partners: Accessing your accounts overseas) | $0 |
| Overseas Withdrawal Fee from a non-Global Alliance Partner ATM | $5 |
| Transactions made in foreign currency, and the merchant or financial institution is located outside Australia | 3% of the AUD transaction amount |
| Transactions made in foreign currency, and the merchant or financial institution is located in Australia | 2.20% of the AUD transaction amount |
Other fees and charges may apply
Please refer to the Terms and Conditions
The monthly fee is waived if you:
- Are under the age of 41 or a full-time tertiary student;
- Are a Westpac Choice Concession account holder;
- Are new to Australia or expatriate customers (for the first 12 months after opening a new Westpac Choice account);
- Deposit at least $2,000 by the close of the last business day of the month[#]
- Link your Choice account to your Rocket Repay Home Loan or Rocket Investment Loan as an offset account (for as long as the account is linked).
Special Digital Offer: 12-month Account-Keeping Fee waiver
- Available for new Westpac Choice accounts opened online between 1 February 2024 and 30 September 2026.
- If you are aged 41 or over and don’t qualify for the $0 Account-Keeping Fee waiver, your monthly fee will be waived for the first 12 months when you open a new Westpac Choice account online. After 12 months, the $5 monthly fee applies unless you qualify for the $0 Account-Keeping Fee waiver, as above.
- This offer does not apply if you already receive the fee waiver (i.e. under 41, New Arrivals, full-time students) and Westpac Choice Concession.
- For joint accounts, individuals must meet the eligibility criteria separately, for the fee waiver to apply.
- Other fees and charges, terms and conditions apply to the Westpac Choice account.
- This offer may be withdrawn, varied, or extended at any time.
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