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The pros of the telenet savings a/c are the high interest rate. For the first 12 months there is an extra interest rate added to your a/c. I have discovered no cons so far. Full review
The pros of the telenet savings a/c are the high interest rate. For the first 12 months there is an extra interest rate added to your a/c. I have discovered no cons so far.
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YesVERY FRIENDLY CUSTOMER SERVICE AND THEY EXPLAIN EVERYTHING EASILY AND IN PLAIN ENGLISH. Full review
VERY FRIENDLY CUSTOMER SERVICE AND THEY EXPLAIN EVERYTHING EASILY AND IN PLAIN ENGLISH.
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YesBankwest were a real player years ago with good interest rates on their savings accounts however since being bought out by Commonwealth Bank are no longer worth mentioning when it comes to their savings accounts. Full review
Bankwest were a real player years ago with good interest rates on their savings accounts however since being bought out by Commonwealth Bank are no longer worth mentioning when it comes to their savings accounts.
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YesIt has a high interest rate for people who don't have enough money to put into a term deposit account. Bankwest also has a higher interest rate for children's accounts. Full review
It has a high interest rate for people who don't have enough money to put into a term deposit account. Bankwest also has a higher interest rate for children's accounts.
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YesGood interest rates and easy to use internet features. Full review
Good interest rates and easy to use internet features.
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YesCan only deposit and transfer from linked accounts which can be inconvienient, interest rate is good providing you don't withdraw during the month. Full review
Can only deposit and transfer from linked accounts which can be inconvienient, interest rate is good providing you don't withdraw during the month.
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YesGreat customer service.
Ease of use. No hidden fees, they were explained well. Very relaxed, friendly feeling at local branch. Full review
Ease of use. No hidden fees, they were explained well. Very relaxed, friendly feeling at local branch.
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YesI have been with Bankwest for a few years now and I must say that that's my favourite bank. They keep their promises, they're sustainable, honest, and they have great interest rates and no fees. I would recommend them to everybody. Full review
I have been with Bankwest for a few years now and I must say that that's my favourite bank. They keep their promises, they're sustainable, honest, and they have great interest rates and no fees. I would recommend them to everybody.
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YesHero bank account pays you 5% interest up to $5000 and allows you an interest free $100 overdraft facility. A Debit Mastercard is linked too! Overall a good account to have and PLENTY of ATMs around because you can use Commonwealth (BankWest owner... Full review
Hero bank account pays you 5% interest up to $5000 and allows you an interest free $100 overdraft facility. A Debit Mastercard is linked too! Overall a good account to have and PLENTY of ATMs around because you can use Commonwealth (BankWest owners) for free!
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YesWhen travelling interstate, we remained loyal to Bankwest even though there were no facilities in the eastern states such as BankWest ATM's or branches etc, therefore we were being charged additional fees to use other banks ATM's. However we remai... Full review
When travelling interstate, we remained loyal to Bankwest even though there were no facilities in the eastern states such as BankWest ATM's or branches etc, therefore we were being charged additional fees to use other banks ATM's. However we remained loyal to Bankwest even though we were paying a large amount of transaction fees. But when we wanted to get a small personal loan through them, it was an extremely difficult task and they would not provide any additional support in sending us the paperwork to sign and their customer service gave us the run around, therefore we closed our accounts and opened new ones with Commonwealth who have been fantastic to this day, and we now have several different accounts and have had numerous loans with Commonwealth.
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Yes10 percent bonus interest, on our bonus saver account for our children under 16. It's also the only place in SA you can change the pin number. Full review
10 percent bonus interest, on our bonus saver account for our children under 16. It's also the only place in SA you can change the pin number.
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YesBankwest Smart eSaver. 5.5%pa interest when no withdrawals in a month, reduced to 4%pa for the month if you make a withdrawal. Money accessible 24/7, though you can only transfer to a single nominated account. The nominated account can be with fi... Full review
Bankwest Smart eSaver. 5.5%pa interest when no withdrawals in a month, reduced to 4%pa for the month if you make a withdrawal. Money accessible 24/7, though you can only transfer to a single nominated account. The nominated account can be with financial institution, though for quick access, It'd need a Bankwest transaction account or you'd have to wait overnight for the transfer to occur.
1 person found this review helpful – do you?
YesI changed to Bankwest a year ago taking out a home loan, credit card, everyday account and savings account. This was mainly done online and trouble free. There is also a branch within 15km which is open all day Saturday for added convenience. Staf... Full review
I changed to Bankwest a year ago taking out a home loan, credit card, everyday account and savings account. This was mainly done online and trouble free. There is also a branch within 15km which is open all day Saturday for added convenience. Staff have always been very friendly and helpful. Would recommend to anyone.
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YesAnother good online product. I have already rated my other one, but this one is worthy also. Convenient with easy access anywhere in the world. Only minus, not as good a rate, but still worthy of a mention. Full review
Another good online product. I have already rated my other one, but this one is worthy also. Convenient with easy access anywhere in the world. Only minus, not as good a rate, but still worthy of a mention.
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YesHighest kids saving account interest rate we could find. Amazing in branch personal service. My son loves going to the branch. Just remember that you have to deposit $25 minimum a month to recieve the amazing interest rate. Full review
Highest kids saving account interest rate we could find. Amazing in branch personal service. My son loves going to the branch. Just remember that you have to deposit $25 minimum a month to recieve the amazing interest rate.
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YesI have had a savings account with this bank for some time now and they seem to be competitive interest wise and have wise helpful customer service. So overall I am fairly happy with my bank Full review
I have had a savings account with this bank for some time now and they seem to be competitive interest wise and have wise helpful customer service. So overall I am fairly happy with my bank
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YesGreat deals and absolutely no fees on this account. Access your funds when ever needed via online transfers. Interest rate is very competitive. Neat and easy savings account. Full review
Great deals and absolutely no fees on this account. Access your funds when ever needed via online transfers. Interest rate is very competitive. Neat and easy savings account.
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YesThe best bank i would recommend it to any one I'm so happy with Bankwest and you will be to. Full review
The best bank i would recommend it to any one I'm so happy with Bankwest and you will be to.
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YesBankwest is a very good bank. Specially high interest savings accounts, online savings accounts & kids' savings account are awesome ...Our friend's relatives & we are all so happy with this Bank.. we recommend it to everyone.. Full review
Bankwest is a very good bank. Specially high interest savings accounts, online savings accounts & kids' savings account are awesome ...Our friend's relatives & we are all so happy with this Bank.. we recommend it to everyone..
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YesA great bank - excellent products, friendly helpful staff and fast service and no account fees. Could only be improved by having a branch in Canberra. Full review
A great bank - excellent products, friendly helpful staff and fast service and no account fees. Could only be improved by having a branch in Canberra.
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YesChildrens savings account is great, just be careful on the roll over feature at the end of the year. It moves the years savings into another account with a tiny interest rate. The Bankwest assistant gave me the tip to just roll the money back into... Full review
Childrens savings account is great, just be careful on the roll over feature at the end of the year. It moves the years savings into another account with a tiny interest rate. The Bankwest assistant gave me the tip to just roll the money back into the higher rate account, just making sure you don't go over the monthy savings limit. Great stuff.
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YesWhile the branch network isn't always extensive, they do have banks in shopping centres with late night and weekend opening hours. The hero account has unlimited transactions over the counter as well as electronic/atm for cba & bankwest atms. They... Full review
While the branch network isn't always extensive, they do have banks in shopping centres with late night and weekend opening hours. The hero account has unlimited transactions over the counter as well as electronic/atm for cba & bankwest atms. They also currenly pay 5% with is pretty good too.
2 people found this review helpful – do you?
YesBankwest staff were willing to discuss better interest rates with me than my former bank (or any other bank for that matter) was able to when I was wanting to look at investing thousands of dollars in term deposits. The staff were also extremely ... Full review
Bankwest staff were willing to discuss better interest rates with me than my former bank (or any other bank for that matter) was able to when I was wanting to look at investing thousands of dollars in term deposits. The staff were also extremely helpful and friendly making every effort to find the best situation for my investments. For this reason I swapped my savings account over to Bankwest as well as my long term investment accounts.
1 person found this review helpful – do you?
YesI like this product because I know that my money is safe. They are giving me a good interest rate on my savings. I dislike this product because I think they should give an extra incentive for saving and for being a loyal customer for over 40 years. Full review
I like this product because I know that my money is safe. They are giving me a good interest rate on my savings. I dislike this product because I think they should give an extra incentive for saving and for being a loyal customer for over 40 years.
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YesThis has been an easy going savings account with some bonus extras that made choosing this bank well worthwhile. I love being able to use the Debit Mastercard with my savings account. They also set up our internet banking and linked everything b... Full review
This has been an easy going savings account with some bonus extras that made choosing this bank well worthwhile. I love being able to use the Debit Mastercard with my savings account. They also set up our internet banking and linked everything between my Husband and I. The extra bonus that I think is great is that they have free Hot Drinks Machine in their Banks, gives you such a nice welcome feeling.
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YesI Love my savings a/c with bankwest. I have had no problems with them over the years, I feel very secure with them. very easy to use phone and internet. Staff are always friendly. Full review
I Love my savings a/c with bankwest. I have had no problems with them over the years, I feel very secure with them. very easy to use phone and internet. Staff are always friendly.
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YesNo other bank beats the Bankwest Telenet Savings Account! Telenet delivers outstanding customer service and product excellence exceeding my expectations. Its generous interest rate, low fees, rewards, options, accessibility of information and mo... Full review
No other bank beats the Bankwest Telenet Savings Account! Telenet delivers outstanding customer service and product excellence exceeding my expectations. Its generous interest rate, low fees, rewards, options, accessibility of information and money are unparalleled with among all other other banks!!
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YesInterest rate has dropped significantly since I signed up which is pretty disappointing otherwise, easy to run account. Full review
Interest rate has dropped significantly since I signed up which is pretty disappointing otherwise, easy to run account.
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YesThe Kids Bonus Saver is a great product if you are trying to save money for your children. It's got an incredible interest rate (albeit with a capped monthly deposit). Full review
The Kids Bonus Saver is a great product if you are trying to save money for your children. It's got an incredible interest rate (albeit with a capped monthly deposit).
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YesI like this product well. It's a good account for my savings to go into and the ladies in there know what they are talking about. Maybe try to reduce the overdrawn fees and other fees used by other banks. Full review
I like this product well. It's a good account for my savings to go into and the ladies in there know what they are talking about. Maybe try to reduce the overdrawn fees and other fees used by other banks.
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YesWhat type of savings account are you looking for?
bonus rate for 4 months
minimum deposit, no withdrawals
Highest rated savings accounts- as voted by the Mozo Community (rating out of 10)
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