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 |
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.
4931 Reviews
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.
Read full reviewWhy 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.
It all nonsense. You get hardly any interest, it’s extremely low. Don’t go for it.
Read full reviewIt all nonsense. You get hardly any interest, it’s extremely low. Don’t go for it.
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 reviewWestpac 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.
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.
Read full reviewI 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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