The Bankwest Rewards Transaction Account gives you more bang for your (very little) buck. A monthly fee of just $6 will get you unlimited phone, internet and Bankwest ATM transactions, two free cheque transactions and unlimited branch deposits. Better yet, if you're looking at regularly depositing more than $2000 a month, that monthly fee will be waived - what a bargain! You have both the CommBank and Bankwest ATM networks to choose from (over 4,000 machines in total), chances are you'll never be far from a free ATM.
As its name suggests, the Rewards Transaction Account grants customers access to a rewards scheme, which is highly unusual in the world of transaction accounts. Rewards points can be earned in a variety of ways: for every $100 in the account each day, you'll earn one point and for every dollar spent on a linked Rewards Debit MasterCard you'll earn five points. Shop online overseas or while travelling and you'll earn 10 points per eligible transaction.
The rewards on offer include Woolworths, Caltex and iTunes gift vouchers, flights, food and wine, and even kids' toys.
Who it's good for:
The Bankwest Rewards Transaction Account is great for anyone who is after a cheap card that gives back.
The low 0.01% interest rate means this account isn't for savers - if you're looking to grow your savings, check out a high interest savings account instead.