7.7 / 10

based on 5880 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 09 March, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee  
Children's Savings Account

0.05% p.a.(for $3,000 to $10,000)

No Current Offer

Yes up to $250,000

Hero Saver

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

0.80% p.a. (for $0 to $250,001)

Yes up to $250,000

Go to site
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

TeleNet Saver

0.05% p.a.(for $0 and over)

0.60% p.a. (for $0 to $5,000,000)

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.

Icon of savings-accounts
Bankwest savings accounts
Overall
8.0/10
Price
Features
Customer service
Convenience
Trust

1370 Reviews

Recent Bankwest savings account reviews

Bankwest Hero Saver review
Overall 9/10
Bankwest is a great bank.

Bankwest is an easy to deal with and reliable bank. I use Bankwest for my general savings account and they have already been readily available to sort out any issues. They are also quick to notify of any suspicious activity and check in to make sure that everything is in order.

Read full review

Bankwest is an easy to deal with and reliable bank. I use Bankwest for my general savings account and they have already been readily available to sort out any issues. They are also quick to notify of any suspicious activity and check in to make sure that everything is in order.

Price
8/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
9/10
Less
Alicia, Western Australia, reviewed about 1 month ago
Bankwest Hero Saver review
Overall 8/10
Bankwest Hero.

I have used Bankwest from a very early age. I am always greeted and experience lovely customer service when I am in the bank. Staff will also look into better options to increase savings and other alternatives to save money. The Hero account is the one I use mostly. By depositing $2000 a month, account keeping fees are waived which is important to me otherwise I would look elsewhere. The deposited amount can include your salary. I like that I have a choice of using Bankwest and Commonwealth ATMs, it makes life so much easier as well as no withdrawal fees. Also the interest rate applied to the balance is 0.1% up until $5000.99

Read full review

I have used Bankwest from a very early age. I am always greeted and experience lovely customer service when I am in the bank. Staff will also look into better options to increase savings and other alternatives to save money. The Hero account is the one I use mostly. By depositing $2000 a month, account keeping fees are waived which is important to me otherwise I would look elsewhere. The deposited amount can include your salary. I like that I have a choice of using Bankwest and Commonwealth ATMs, it makes life so much easier as well as no withdrawal fees. Also the interest rate applied to the balance is 0.1% up until $5000.99

Price
8/10
Features
3/10
Customer service
8/10
Convenience
10/10
Trust
10/10
Less
Mel, Western Australia, reviewed about 1 month ago
Bankwest Savings Account review
Overall 10/10
Great for a simple account

Is a great bank for a savings account for transactions in WA. Outside of WA no branches if someone wants to do cash deposit to a account. Always get great and prompt service when needed either in branch or online.

Read full review

Is a great bank for a savings account for transactions in WA. Outside of WA no branches if someone wants to do cash deposit to a account. Always get great and prompt service when needed either in branch or online.

Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Samantha, Western Australia, reviewed about 2 months ago
Bankwest Smart eSaver review
Overall 10/10
Great bank to deal with.

They have always answered my enquiries and handled card fraud as well.

Read full review

They have always answered my enquiries and handled card fraud as well.

Price
8/10
Features
8/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Kylie, Northern Territory, reviewed about 2 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Savings account quick links