| 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 |
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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.
They are inconvenient hard to get too
Read full reviewThey are inconvenient hard to get too
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 reviewWe 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,
Useful for allocating funds for short term needs.
Read full reviewUseful for allocating funds for short term needs.