Bankwest logo

Bankwest Easy Saver

Advertiser disclosure
Interest rate
4.00% p.a.(for $0 to $250,001)
Maximum rate
5.10% p.a. (for $0 to $250,001)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Bankwest Easy Saver - last updated: 21 March 2024

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What's hot
  • 5.10% p.a. Introductory four months savings rate
  • Ongoing variable rate of 4.00% p.a.
What's not
  • $250,000.99 balance cap on rates
Mozo snapshot

The Bankwest Easy Saver boasts an outstanding 5.10% p.a. introductory variable rate for the first four months and a base rate of 4.00% p.a. (on balances up to $250,000).

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Key features

Those looking for a quick boost to their savings should look at Bankwest’s Easy Saver. For the first four months, you’ll receive a whopping 5.10% p.a. savings rate, which is available on balances of up to $250,000. Balances above that figure will not receive any interest rate.

But that’s not all, when your four months are up Bankwest’s Easy Saver continues to offer an ongoing competitive rate of 4.00% p.a. Just be mindful that only balances below $250,000 can receive this rate.

Here's a quick overview of the different rate tiers:

  • Balances from $0: 4.00% p.a. to a maximum of 5.10% p.a.
  • Balances from $250,001: 0.00% p.a.

Plus, it comes with no pesky monthly or account fees!

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Who is it good for

Savers looking for a savings account with great rates without any strings attached (like monthly deposit or transaction requirements for instance).

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Any catches

The 5.10% introductory rate is only for four months and only applies to the first $250,000 deposited. An Easy Saver Account must be linked to a Bankwest Easy Transaction Account.

Details

Rates and fees information correct as at 24 April 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 4.00% p.a.
Balances from $250,001: 0.00% p.a.

Balances from $0: 5.10% p.a.
Balances from $250,001: 0.00% p.a.

Bonus variable intro rate for the first 4 months

Fees

$0.00

n/a

Unlimited free transactions from phone and internet.

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

yes

yes

no

no

Must link to a Bankwest Easy Transaction Account.

none

none

Customer Reviews

How are Bankwest savings accounts rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
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Latest reviews of Bankwest Easy Saver Savings Account

About Bankwest

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5.25% p.a. (for $0 to $1,000,000)

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5.00% p.a. (for $0 to $250,000)

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Yes up to $250,000

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Yes up to $250,000

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5.00% p.a. (for $0 to $250,000)

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

Yes up to $250,000

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Life

5.00% p.a. (for $0 and over)

2.00% p.a.(for $0 and over)

Yes up to $250,000

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5.75% p.a. (for $0 to $250,001)

Yes up to $250,000

4.40% p.a.(for $0 to $250,001)

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Savings Account

5.35% p.a. (for $0 to $250,000)

Yes up to $250,000

4.75% p.a.(for $0 to $1,000,000)

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5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

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AMP Saver Account

5.40% p.a. (for $0 to $250,000)

Yes up to $250,000

1.20% p.a.(for $0 to $5,000,000)

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Savings+Bonus

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

2.00% p.a.(for $0 to $250,000)

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5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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

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Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

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

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Life

5.00% p.a. (for $0 and over)

Yes up to $250,000

2.00% p.a.(for $0 and over)

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IMB Bank

Reward Saver Account

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

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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AMP Saver Account

1.20% p.a.(for $0 to $5,000,000)

5.40% p.a. (for $0 to $250,000)

Yes up to $250,000

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Savings+Bonus

2.00% p.a.(for $0 to $250,000)

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

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Save Account

0.10% p.a.(for $0 and over)

5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

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Bonus Saver Account

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

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

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Life

2.00% p.a.(for $0 and over)

5.00% p.a. (for $0 and over)

Yes up to $250,000

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0.30% p.a.(for $0 and over)

5.25% p.a. (for $0 to $100,000)

Yes up to $250,000

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Ziggy Kids Saver

0.01% p.a.(for $0 and over)

3.01% p.a. (for $0 and over)

Yes up to $250,000

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