7.3 / 10

based on 22836 Westpac 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 23 June, 2021. Other information correct at the time of writing. Advertiser disclosure.

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

0.35% p.a.(for $0 and over)

0.65% p.a. (for $0 and over)

Yes up to $250,000

Bump Savings (under 18)

0.35% p.a.(for $0 and over)

0.65% p.a. (for $0 and over)

Yes up to $250,000

eSaver

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

0.40% p.a. (for $0 and over)

Yes up to $250,000

Life

0.20% p.a.(for $0 and over)

0.40% p.a. (for $0 and over)

Yes up to $250,000

Life (18-29 years old)

0.20% p.a.(for $0 and over)

3.00% 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
7.4/10
Price
Features
Customer service
Convenience
Trust

4921 Reviews

Recent Westpac savings account reviews

Westpac eSaver review
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 30 days ago
Westpac eSaver review
Overall 10/10
An excellent bank.

I have been a Westpac customer for over 50 years and have always had good customer service. They have always helped when needed.

Read full review

I have been a Westpac customer for over 50 years and have always had good customer service. They have always helped when needed.

Price
8/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Julie, Queensland, reviewed 2 months ago
Westpac Bump Savings review
Overall 10/10
Extremely happy with Westpac service.

Went into to the Westpac Riverton Branch today with my 13 year old son to open a savings account for him, and was helped by a who provided excellent Customer Service. He was patient, professional and friendly. My son was very comfortable with him and I certainly think he should be awarded consultant of the year. We were extremely happy with the overall service Westpac has provided once again. Keep it up!

Read full review

Went into to the Westpac Riverton Branch today with my 13 year old son to open a savings account for him, and was helped by a who provided excellent Customer Service. He was patient, professional and friendly. My son was very comfortable with him and I certainly think he should be awarded consultant of the year. We were extremely happy with the overall service Westpac has provided once again. Keep it up!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Ash, Western Australia, reviewed 2 months ago
Westpac eSaver review
Overall 10/10
It’s a good bank.

I’ve been with the bank for over 25 years.

Read full review

I’ve been with the bank for over 25 years.

Price
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Amy, Victoria, reviewed 2 months ago

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