--- title: "Westpac eSaver — Westpac" description: "Transaction & Savings Accounts from Westpac. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/westpac/products/SavESaver source: "CDR Compare" language: en-AU last_updated: 2026-10-09T03:52:27Z --- # Westpac eSaver — Westpac > Transaction & Savings Accounts from Westpac. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Transaction & Savings Accounts** Westpac eSaver makes saving a breeze. You?ll get an introductory interest rate and online access to your money whenever you need it. ## At a glance - **Base rate:** 1.25% - **Intro rate:** 3.8% (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 (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.) | 1.25% | — | monthly | | Introductory · 5 months (Fixed introductory rate for the first 5 months. 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. · New accounts only) | 3.8% | — | monthly | | Bonus · 1 month (Fixed online bonus rate for the first 5 months for opening online. 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. · Online only) | 0.45% | — | monthly | | Bonus · 5 months (Opening a Westpac eSaver when you arrive in Australia lets you save with unlimited withdrawals and bonus interest for the first 5 months. · New customers only) | 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 if you open a new Westpac Choice everyday account and an eligible savings account by 31st March 2027, 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.) - **Unlimited transactions** (Unlimited access- Simply link your eSaver account to a Westpac everyday account) - **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.** - **Digital banking** (Online, Mobile and telephone banking is available) - **Statements : 6 monthly, or more frequently on request.** - **Introductory rate - Fixed rate for the first 5 months for new eSaver customers.** - **$0 monthly fee - No eSaver Account-Keeping Fees (other fees may apply)** - **Unlimited access - Simply link your eSaver account to a Westpac everyday account.** - **Online account - With no minimum deposit or monthly balance requirements.** - **Fraud protection** (The product includes FRAUD_PROTECTION features.) - **Fraud protection** (Secure your account with SafeBlock - Find out how SafeBlock can help keep you safe when you need it most by locking your cards and account. Explore more security features: Digital Card with Dynamic CVC, Westpac ProtectTM Security Code, Westpac Safecall, Westpac Verify) - **Relationship management** (RELATIONSHIP_MANAGEMENT is available for eligible customers.) ## 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 from Westpac - [Overview](https://www.westpac.com.au/bank-accounts/savings-accounts/esaver) - [Terms & conditions](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/pb/PersonalAccounts-tandc.pdf) - [Eligibility](https://www.westpac.com.au/bank-accounts/savings-accounts/esaver) - [Fees & pricing](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/pb/PersonalAccounts-tandc.pdf) ## Data provenance - Published by Westpac under the Consumer Data Right - Product ID: `SavESaver` - Last updated by the provider: 9 October 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/SavESaver - Provider page: https://www.cdrcompare.au/brands/westpac - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000002 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/westpac/products/SavESaver) — product data published by Australian data holders under the Consumer Data Right. 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