Westpac eSaver
Westpac eSaver makes saving a breeze. You?ll get an introductory interest rate and online access to your money whenever you need it.
- Base rate
- 1.25%
- Intro rate
- 3.55%
- conditions apply
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Penalty 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. | 15.01% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable To earn the standard variable rate, keep your account balance above $0 at all times | 1.25% | — | monthly |
| Introductory | 3.55% | — | monthly |
| Bonus Online bonus rate available for a limited time only. Only available for new eSaver accounts opened online by sole applicants who have never held an eSaver account before. | 0.45% | — | monthly |
| Bonus Opening a Westpac eSaver when you arrive in Australia lets you save with unlimited withdrawals and bonus interest for the first 5 months. | 0.55% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee Charged monthly | Ongoing | $0.00 |
| Online Banking (including Mobile Banking) Online transfer withdrawals via Online Banking. | Withdrawal | $0.00 |
| Telephone Banking withdrawal (self service) | Withdrawal | $0.00 |
| Telephone Banking withdrawal (staff assisted) | Withdrawal | $0.00 |
| Branch staff assisted withdrawal | Withdrawal | $0.00 |
| Overdrawn Fee $15.00 per item, nil for Westpac Choice Concession account holders. | Event | $15.00 |
| Direct Debit | Payment | $0.00 |
Features
- Cashback offer — 50.00
- 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). T&Cs apply
- Boost your savings and team up your everyday banking with an eSaver account
- Unlimited transactions
- Unlimited access- Simply link your eSaver account to a Westpac everyday account
- Competitive interest rate on savings
- Digital banking
- Online, Mobile and telephone banking is available
- Statements : 6 monthly, or more frequently on request.
Eligibility
- Minimum age — 14 years
- Be registered for Online and Telephone Banking.
- To open a Westpac eSaver account, you must hold a Westpac everyday account. Fees and charges apply on a Westpac everyday account.
- Residency status — Those with an Australian residential address and who are currently in Australia.
More Information
Published by Westpac under the Consumer Data Right · Last updated 23 June 2026 · Product ID SavESaver · View on CDR.gov.au