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Westpac eSaver

The Westpac eSaver is designed for customers who want to mange their savings online, the account makes it easy to move money in and out simply transfer funds between your Westpac eSaver and Westpac Choice accounts.

  • No fees when money is transferred between the two accounts
  • Access you account via Westpacs award winning Online Banking services on desktop, phone or tablet
  • Safe Online Banking with the Westpac security guarantee

To open a Westpac eSaver, you must have a Westpac Choice account, which will be linked to your Westpac eSaver account


Westpac eSaver Account comes with benefits including:

  • No monthly service fee when you deposit at least $2,000 each month (once deposited you can access it whenever you want) otherwise a $5 monthly fee applies.
  • A Westpac Debit MasterCard if requested
  • No ATM withdrawal fee at over 3,000 Westpac Group ATMs in Australia and New Zealand.
  • No ATM withdrawal fee at over 50,000 ATMs via our Global ATM Alliance partners (3% foreign currency fee applies)


What about fees on the Westpac eSaver account?

  • No ongoing monthly service fees on a Westpac eSaver Account 
  • No fees for Online Banking or Automated Telephone Banking transactions between the Westpac eSaver and Westpac linked account are held in the same name
Account Details
Provider Westpac
Product Details Online savings account offering a competitive interest rate, easy 24/7 online access and a $0 monthly service fee.
Max. Variable Rate 2.41% p.a.
Standard Variable Rate 0.8% p.a.
Bonus Variable Rate 1.61% p.a.
Bonus Rate Conditions The introductory rate is valid for the first 5 months from account opening. Rates are available for new accounts and if you haven't held an eSaver account in the last 3 months
Account Features
Min. Opening Deposit $0
Internet Banking Yes
Phone Banking Yes
Joint Application Yes
Min. Age to Apply 12
Covered by Govt Guarantee Yes (Up to $250,000 per person, per institution)
ATM Access No
EFTPOS Facility No
Bpay No
Cheque Facility No
Branch Access Yes
Fees
Monthly Account Fee $0
Monthly Deposit to waive Account Fee -
Phone Transaction Fee $0
Internet Transaction Fee $0
ATM Withdrawal Fee -

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.