7.3/10

Based on 23573 Westpac product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

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 savings accounts, home loans, personal loans, credit cards and insurance.

Westpac offers the following savings accounts

Rates and fees verified as correct at 18 September 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate Maximum rate Govt deposit guarantee  
Bump Savings (under 12)

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

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

Yes up to $250,000

Bump Savings (under 18)

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

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

Yes up to $250,000

eSaver

1.10% p.a.(for $0 and over)

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

Yes up to $250,000

Life

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

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

Yes up to $250,000

Life - 18-29 years old

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

5.20% p.a. (for $0 to $30,000)

Yes up to $250,000

Go to site

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 customer reviews
Overall
7.4/10
Price
6.6/10
Features
6.2/10
Customer service
7.5/10
Convenience
7.9/10
Trust
7.5/10
Based on 5013 Westpac product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Westpac savings account reviews

Westpac Bump Savings
Overall 4/10
To hard to get to for the elderly

They are inconvenient hard to get too

Read full review

They are inconvenient hard to get too

Price
4/10
Features
4/10
Customer service
3/10
Convenience
2/10
Trust
2/10
Less
Vicki, Australian Capital Territory, reviewed 22 days ago
Westpac Life
Overall 10/10
.

I just like it

Read full review

I just like it

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Dannielle, Western Australia, reviewed 7 days ago
Westpac eSaver
Overall 9/10
Excellent bank to bank with Westpac thanks

We have been with Westpac for a few decades now and have found them to service our needs when it comes to banking asking for a car loan as we have an excellent credit rating with them. Also in the matter when unauthorised money has been taken out by bad people and no fault of our own bank Fraud. Westpac are very helpful,

Read full review

We have been with Westpac for a few decades now and have found them to service our needs when it comes to banking asking for a car loan as we have an excellent credit rating with them. Also in the matter when unauthorised money has been taken out by bad people and no fault of our own bank Fraud. Westpac are very helpful,

Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Lois, Western Australia, reviewed about 1 month ago
Westpac eSaver
Overall 10/10
Useful for allocating funds for short term needs.

Useful for allocating funds for short term needs.

Read full review

Useful for allocating funds for short term needs.

Price
10/10
Features
6/10
Customer service
9/10
Convenience
8/10
Trust
8/10
Less
Leanna, Western Australia, reviewed about 1 month ago
See all savings account reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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