Your selected savings accounts
Westpac is one of Australia's "Big Four" banks and has served customers since 1817, making it Australia's first bank and oldest company. With a comprehensive range of financial services, Westpac caters to individuals, businesses, and institutional customers across Australia, New Zealand, and the Pacific region.
For individual savers, Westpac offers various savings account options, including their flagship "Westpac Life" savings account. This account is designed to help customers reach their savings goals faster by providing bonus interest opportunities.
Your selected savings accounts
There's nothing special about it, but they have gotten back to me quickly and so far are trustworthy.
As a Westpac customer, I've experienced both positive and negative aspects of their services. The bank offers a comprehensive range of financial products, including savings accounts, home loans, personal loans, credit cards, and insurance options, catering to diverse financial needs. Additionally, Westpac has received recognition for excellent customer service, enhancing the overall banking experience. Pros: -User-friendly mobile banking app. -Comprehensive range of financial products. -Good customer service. Cons: -Some accounts may have monthly fees or charges for certain services. -While generally positive, some customers have reported mixed experiences with support services. -Certain savings accounts may offer lower interest rates compared to competitors. Overall, Westpac provides a solid banking experience with a user-friendly app, a wide range of financial products, and commendable customer service.
Happy
IT IS THE BEST BANK EVER
I love this bank as my payments come and go through straight away. I dislike the fact that the bank should have at a Westpac bank ATM to take out $10 not only $20
I have been banking with Westpac for over ten years without any issues. I am a pensioner and Westpac don't charge me any fees. They don't have a lot of branches which is the downside. You can use other ATMs but you do get charged fees.
I have had the best experience with my esaaver acc westp is a seamless experience and it works really well with my ice. I’ve never had an issue with it
Verbally told 12% Interest rates for car loans (car is less than 5 yrs old). Then after looking at the documents given it was 14% interest rates with extra frees for someone with no credit history or debt. Random system shutdowns affect online banking - especially bad for it happens often on weekends. Customer service takes literally 2 months to provide a response to a credit card or loan request (with constant calls from me asking for updates).
Westpac has always helped me out when needed no extra chargers
I like westpac good services great customer services up to date easy to use face to face or online low fees.
As one of Australia's largest and oldest banks, Westpac is considered a safe and stable financial institution. It is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). Deposits up to $250,000 are protected under the Australian Government's Financial Claims Scheme, providing a high level of security for your savings.
There is typically no minimum deposit required to open a Westpac Life savings account. However, to earn bonus interest, you'll need to grow your account balance each month.
The Westpac Life savings account itself has no monthly account-keeping fees. However, the linked Westpac Choice everyday account may incur a $5 monthly fee unless certain criteria are met, such as being under 30, a full-time tertiary student, or depositing at least $2,000 per month.
To earn the maximum interest rate of 5.20% p.a. on balances up to $30,000, you need to:
^See information about the Mozo Experts Choice Savings Account Awards
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