55+ and Retired
Earn interest on your account balance with no monthly fees
Make payments your way
Use your Debit Card for fast, secure payments online and in-store, with a dynamic CVC that refreshes every 24 hours.
Lock your card
Can’t find your card? Don’t panic. You can temporarily lock it in seconds with card on hold while you search#.
Instant Digital Card®
Find the digital version of your card via the Westpac App before your Debit Mastercard®1 arrives in the mail.
Mobile banking
With the Westpac App, you can take your bank wherever you go. It’s an easy, secure and convenient way to bank.
Interest rates
Earn up to:
2.30% p.a. Maximum variable interest rate |
0.30% p.a. Minimum variable interest rate |
Variable interest rate is calculated daily on your account balance:
| On the part of the balance up to $9,999 | 0.30% p.a. |
| On the part of the balance above $9,999 to $49,999 | 1.50% p.a. |
| On the part of the balance above $49,999 to $249,999 | 1.85% p.a. |
| On the part of the balance above $249,999 and over | 2.30% p.a. |
Safe and secure banking
- Online Banking Security Guarantee: If your Westpac account is compromised by online banking fraud, we promise to return any missing funds. This guarantee only applies if you’ve followed our Online Banking Terms and Conditions. This includes: 1. Keeping your sign-in details, including passwords or Westpac Protect™ Security codes, private, 2. Not contributing to the loss, and 3. Telling us right away if you think there’s an unauthorised transaction or fraud on your account.
- Westpac Protect™ Security Code: Keep your Online Banking safe with a Security Code when using the Westpac App or your Online Banking service. This Security Code confirms that it's you transacting or making changes to your profile.
- Fraud Money Back Guarantee: Shop securely using your Debit Mastercard or Credit Card, backed by 24/7 fraud monitoring and our Fraud Money Back Guarantee. Westpac promises to return any missing funds to you if you've not contributed to the loss and contact Westpac right away. Check your card’s terms and conditions for full details.
- Card Lock: Can’t find your card? Sign into the Westpac App or Online Banking and select 'Lock a card temporarily' under Cards services on your eligible personal credit or debit card. You can search for your card knowing that your account is safe. Then, if you can’t find it, report it lost or stolen.
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.
Get spend and cash flow insights
Track your month-to-month Cash flow and spot areas where you could be making savings with your spend sorted in Categories.
Account fees
Other fees and charges may apply. Please refer to the Terms and Conditions (PDF 645KB)
Help when you need it
Handy guides and articles
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.