BankWest savings accounts
BankWest's overall rating for savings accounts is
7.5(as rated by the Mozo community)
BankWest offers the following savings accounts
| Product | Interest Rate | Special Rate | Conditions |
|---|---|---|---|
| Regular Saver | 0.00% | 7.00% | deposit between $50 and $500 per month, with no withdrawals |
| TeleNet Saver | 4.50% | 6.15% | Special rate is variable and applies for 12 months from account opening. |
| Smart eSaver | 4.50% | 6.00% | Special rate is variable and applies for each month you make no withdrawals. |
| Solid Gold Saver | 0.00% | 5.00% | minimum balance $10000. Rate reduces by 1.00% for every withdrawal made in a calendar month. |
| Gold Cash Management Account | 0.75% | ||
| Instant Saver | 1.00% |
BankWest is the bank best known for its Happy Banking initiative, which aims to make banking a more positive experience. Originally from Western Australia, BankWest has attracted thousands of customers around the country with its competitively priced products such as the TeleNet Saver account. In
late 2008 the bank was bought by the Commonwealth Bank, who have promised to retain the BankWest brand. So if you like the sound of Happy Banking, check out BankWest’s range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.
Reviews of BankWest savings accounts
| A Mozo reviewer from Queensland, a BankWest savings account customer. | 7Overall Rating | ||
| I like the childrens bonus saver product as it really does deliver on it's promise to charge no fees and to get the bonus interest. Reviewed 1 day ago |
|
| A Mozo reviewer from New South Wales, a BankWest savings account customer. | 9Overall Rating | ||
| There are no monthly bank fee's as long as my salaey is deposited into the account each month and I can then withdraw as much or as little as I please. This account is good for anyone, as long as you have it set up for regulary payments to be credited into it. Reviewed 2 days ago |
|
| Amanda from Western Australia, a BankWest savings account customer. | 5Overall Rating | ||
| Kids savings account. 10% interest pa if you put min $25/month in. Problem is maximum monthly addition is $250! AND you have to open a second acct to roll money into in 12 months. No you can't continue saving for your kids...you have to start again every 12 months. I have 2 kids & I now have 4 additional accounts to watch. What a waste of time. I'm sure they could do better for the kids. Reviewed 2 days ago |
|
| Anthony from Western Australia, a BankWest savings account customer. | 7Overall Rating | ||
| I think bankwest is good because it's from the west. Reviewed 14 days ago |
|
How are other BankWest products rated by the Mozo community?
| Product Type | Overall | Price | Features | Service | Convenience | Trust |
|---|---|---|---|---|---|---|
| BankWest home loans | 6.7 250 REVIEWS | 6.8 | 6.2 | 6.6 | 6.7 | 6.3 |
| BankWest term deposits | 7.3 53 REVIEWS | 7.3 | 5.5 | 6.9 | 7.2 | 7.0 |
| BankWest savings accounts | 7.5 368 REVIEWS | 7.3 | 6.0 | 7.5 | 7.7 | 7.5 |
| BankWest bank accounts | 7.4 199 REVIEWS | 7.0 | 6.1 | 7.1 | 7.4 | 7.1 |
| BankWest credit cards | 6.9 243 REVIEWS | 6.4 | 5.5 | 6.7 | 7.4 | 6.9 |
| BankWest personal loans | 6.9 48 REVIEWS | 6.4 | 5.8 | 6.8 | 6.6 | 6.7 |
Other providers of savings accounts
With so many different savings accounts on the market now, it's a tough call to pick the best one. Mozo is Australia's online money info zone, with all the objective information you need to make the right savings account choice. You can find and compare BankWest savings accounts with Mozo or check out these other providers.
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