based on 22912 Westpac banking product reviews as rated by Mozo community

Westpac savings accounts

As Australia's first bank, Westpac has been serving customers since 1817. Westpac merged with St.George to create Australia's largest financial services company, and customers can enjoy from peace of mind from having the security offered by a major bank behind them. Check out Westpac's range of banking products such as Mozo Experts Choice Award winning savings accounts, plus home loans, personal loans, credit cards and insurance.

Westpac took out the Mozo Experts Choice 'Young Adult Savings' Award in 2022. 

Westpac offers the following savings accounts

Rates and fees verified as correct at 18 May 2022. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
Bump Savings (under 12)

0.25% p.a.(for $0 and over)

0.70% p.a. (for $0 and over)

Yes up to $250,000

Bump Savings (under 18)

0.25% p.a.(for $0 and over)

0.70% p.a. (for $0 and over)

Yes up to $250,000

eSaver

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

0.50% p.a. (for $0 and over)

Yes up to $250,000

Life

0.15% p.a.(for $0 and over)

0.50% p.a. (for $0 and over)

Yes up to $250,000

Life - 18-29 years old

0.15% p.a.(for $0 and over)

2.00% p.a. (for $0 to $30,000)

Yes up to $250,000

How are Westpac savings accounts rated?

Mozo users have rated Westpac 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
Westpac savings accounts
Overall
Price
Features
Customer service
Convenience
Trust

4931 Reviews

Recent Westpac savings account reviews

Westpac eSaver
Overall 8/10
Do I stay with this bank?

Why don't Westpac bank acknowledge me when sent messages from my account details page's from Woolworths every Monday saying millions of dollars to my accounting ? They've taken ages with this and seem to be avoiding it. Hope they will help me soon hey.

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Why don't Westpac bank acknowledge me when sent messages from my account details page's from Woolworths every Monday saying millions of dollars to my accounting ? They've taken ages with this and seem to be avoiding it. Hope they will help me soon hey.

Price
9/10
Features
8/10
Customer service
8/10
Convenience
8/10
Trust
9/10
Less
Allanah, New South Wales, reviewed 3 months ago
Westpac Life
Overall 5/10
Nothing

It all nonsense. You get hardly any interest, it’s extremely low. Don’t go for it.

Read full review

It all nonsense. You get hardly any interest, it’s extremely low. Don’t go for it.

Price
1/10
Features
1/10
Customer service
3/10
Convenience
4/10
Trust
8/10
Less
Swati, New South Wales, reviewed 4 months ago
Westpac eSaver
Overall 10/10
Fantastic Bank

Westpac as a bank is the epitome of what fantastic customer should be they treat customers with respect and empathy. Strathfield branch in Sydney is the best branch I walked in the other day explained my concerns they were very attentive they opened an additional account within minutes. They wished me Merry Christmas and gave me a block of Lindt chocolate. The staff are superb professional and very knowledgeable. Highly recommended easily the best bank in Australia. Kind regards.

Read full review

Westpac as a bank is the epitome of what fantastic customer should be they treat customers with respect and empathy. Strathfield branch in Sydney is the best branch I walked in the other day explained my concerns they were very attentive they opened an additional account within minutes. They wished me Merry Christmas and gave me a block of Lindt chocolate. The staff are superb professional and very knowledgeable. Highly recommended easily the best bank in Australia. Kind regards.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Elpida, New South Wales, reviewed 4 months ago
Westpac eSaver
Overall 9/10
A good bank but hard to get into the branch’s

I have been banking with them for a long time, I find there staff friendly & helpful the online & phone banking is very good there products are very competitive. The only problem is the lack of bank branches in some towns & the short opening hours in others.

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I have been banking with them for a long time, I find there staff friendly & helpful the online & phone banking is very good there products are very competitive. The only problem is the lack of bank branches in some towns & the short opening hours in others.

Price
8/10
Features
8/10
Customer service
7/10
Convenience
8/10
Trust
9/10
Less
Alan, New South Wales, reviewed 4 months ago

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Savings account quick links