based on 5916 Bankwest banking product reviews as rated by Mozo community

Bankwest savings accounts

Bankwest can help you reach your monetary goals with their selection of savings accounts. From kids' accounts that help them learn about saving through to a TeleNet Saver designed for phone and internet banking, their range can cater to your needs. Alternatively, you can view a range of savings accounts with our savings account comparison tools by visiting this page.

Bankwest offers the following savings accounts

Rates and fees verified as correct at 16 October, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
Easy Saver

0.10% p.a.(for $0 to $50,001)

No Current Offer

Yes up to $250,000

Hero Saver

0.01% p.a.(for $0 to $250,001)

0.60% p.a. (for $0 to $250,001)

Yes up to $250,000

Smart eSaver

0.01% p.a.(for $0 to $5,000,000)

0.40% p.a. (for $0 to $500,001)

Yes up to $250,000

How are Bankwest savings accounts rated?

Mozo users have rated Bankwest savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

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Bankwest savings accounts
Overall
Price
Features
Customer service
Convenience
Trust

1375 Reviews

Recent Bankwest savings account reviews

Bankwest Savings Account
Overall 7/10
Bankwest - great customer service

No branches, only a few in Brisbane. Excellent customer service on the phone.

Read full review

No branches, only a few in Brisbane. Excellent customer service on the phone.

Features
6/10
Customer service
8/10
Convenience
8/10
Trust
7/10
Less
Chantelle, Queensland, reviewed about 1 month ago
Bankwest Hero Saver
Overall 9/10
Open up a savings account with Bankwest!

Opened joint savings account with them early this year. Bank employees were so friendly and welcoming. Loving interest rates. Great customer service too when I called them before with an enquiry. Only con is limited branches/ATMs around, but it's savings account anyway.

Read full review

Opened joint savings account with them early this year. Bank employees were so friendly and welcoming. Loving interest rates. Great customer service too when I called them before with an enquiry. Only con is limited branches/ATMs around, but it's savings account anyway.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
7/10
Trust
10/10
Less
Claribel, New South Wales, reviewed about 2 months ago
Bankwest Childrens Savings Account
Overall 9/10
Easy, fun and great rates

Greta interest rates, easy to use online platform. Need to have an option for Visa or MasterCard debit for children under 16.

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Greta interest rates, easy to use online platform. Need to have an option for Visa or MasterCard debit for children under 16.

Price
9/10
Features
6/10
Customer service
8/10
Convenience
8/10
Trust
8/10
Less
Natalie, New South Wales, reviewed 4 months ago
Bankwest Savings Account
Overall 1/10
Closed our accounts without warning.

My wife and I had savings accounts with BankWest. My wife's accounts was only used to receive dividends and I had one which I only used occasionally. Both accounts were automatically closed by the bank without any advice to us. It appears they do this with zero balance accounts that have not been used for several months. The first we knew was when we got a letter from the share registry saying crediting of a dividend to my wife's account had been unsuccessful. The account had been automatically closed a day or so before the dividend was due to be credited. Normally dividends are credited about every 6 months, but due to the covid downturn there had been no dividend 6 months ago and it was just on a year since the last account activity. The accounts did have zero balance, but I am staggered the closed them without attempting to provide some sort of advice to us (our physical and email addresses have not changed so no excuse for Bankwest there). My account had been closed not much more than 6 months after the last activity, so not sure why the differing periods. We had done a fair amount of banking with Bankwest in the past, and the accounts were a legacy from that time. No great loss to us now, but we will never be opening BankWest accounts again (share registry charges $25 to reprocess the dividend credit to a different account!).

Read full review

My wife and I had savings accounts with BankWest. My wife's accounts was only used to receive dividends and I had one which I only used occasionally. Both accounts were automatically closed by the bank without any advice to us. It appears they do this with zero balance accounts that have not been used for several months. The first we knew was when we got a letter from the share registry saying crediting of a dividend to my wife's account had been unsuccessful. The account had been automatically closed a day or so before the dividend was due to be credited. Normally dividends are credited about every 6 months, but due to the covid downturn there had been no dividend 6 months ago and it was just on a year since the last account activity. The accounts did have zero balance, but I am staggered the closed them without attempting to provide some sort of advice to us (our physical and email addresses have not changed so no excuse for Bankwest there). My account had been closed not much more than 6 months after the last activity, so not sure why the differing periods. We had done a fair amount of banking with Bankwest in the past, and the accounts were a legacy from that time. No great loss to us now, but we will never be opening BankWest accounts again (share registry charges $25 to reprocess the dividend credit to a different account!).

Customer service
1/10
Trust
1/10
Less
David, New South Wales, reviewed 5 months ago

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