Transaction accounts rates

Westpac Choice

There is no interest for this account.

View Westpac Choice essentials.

Westpac Choice - under 30s

There is no interest for this account.

Westpac Choice - full-time tertiary students

There is no interest for this account.

Westpac Choice - concession holders

There is no interest for this account.

Westpac 55+ and Retired account

Interest rates p.a.

Interest is calculated daily on your account balance.

Amount	Rate
Balances from $0 to less than $9,999	0.30% p.a.
On the part balance from $9,999 to less than $49,999	1.50% p.a.
On the part balance from $49,999 to less than $249,999	1.85% p.a.
On the part of the balance from $249,999 and over	2.30% p.a.

Unarranged Lending Rate

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 on the last business day of each month) using the then current ULR until the account balance is positive again.

Rate name	Rate
Unarranged Lending Rate	15.01% p.a.