based on 22881 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 offers the following savings accounts

Rates and fees verified as correct at 16 October, 2021. Other information correct at the time of writing. Advertiser disclosure.

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

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

0.55% p.a. (for $0 and over)

Yes up to $250,000

Bump Savings (under 18)

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

0.55% p.a. (for $0 and over)

Yes up to $250,000

eSaver

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

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

Yes up to $250,000

Life

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

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

Yes up to $250,000

Life (18-29 years old)

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

2.50% 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

4925 Reviews

Recent Westpac savings account reviews

Westpac Savings Account
Overall 8/10
Great customer service and very professional

Great customer service and knowledgeable staff.

Read full review

Great customer service and knowledgeable staff.

Price
6/10
Features
6/10
Customer service
10/10
Convenience
8/10
Trust
8/10
Less
Sue, Western Australia, reviewed about 2 months ago
Westpac Bump Savings
Overall 7/10
high fee...

high fee...

Read full review

high fee...

Price
4/10
Features
8/10
Customer service
10/10
Convenience
9/10
Trust
9/10
Less
Kuei chih, New South Wales, reviewed 2 months ago
Westpac Life (18-29 years old)
Overall 10/10
Best interest rate in market, easy to use app

Best interest rate in market, easy to use app and easy to transfer between transaction and savings account.

Read full review

Best interest rate in market, easy to use app and easy to transfer between transaction and savings account.

Price
10/10
Features
8/10
Customer service
7/10
Convenience
10/10
Trust
8/10
Less
Taylor, New South Wales, reviewed 4 months ago
Westpac eSaver
Overall 10/10
Excellent

When I do go into a branch, I find the branch very happy and helpful.

Read full review

When I do go into a branch, I find the branch very happy and helpful.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Diana, New South Wales, reviewed 5 months ago

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Savings account quick links