Bankwest savings and bank accounts

Bankwest offers a range of different accounts, including a bonus interest savings account and an everyday transaction account with no monthly fees.

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Bankwest

Bankwest savings accounts, bank accounts and term deposits

Bankwest savings accounts

5 of 5 results
Finder Score Maximum interest rate Base interest rate Max rate type & duration Government Guarantee Monthly Max rate Conditions
Finder score
Maximum Variable Rate p.a.
4.80%
Standard Variable Rate p.a.
4.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balance $0 to $250,000
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Finder score
Finder score
Maximum Variable Rate p.a.
4.00%
Standard Variable Rate p.a.
0.65%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balance $0 to $250,000
  • Deposit $200
  • No withdrawals
More info
Compare product selection
Bankwest logo
Finder score
Finder score
Maximum Variable Rate p.a.
1.90%
Standard Variable Rate p.a.
1.90%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balance from $250,000
More info
Compare product selection
Bankwest logo
Finder score
Finder score
Maximum Variable Rate p.a.
0.65%
Standard Variable Rate p.a.
0.65%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balance $250,001 to $5,000,000
  • Deposit $200
  • No withdrawals
More info
Compare product selection
Bankwest logo
Finder score
Finder score
Maximum Variable Rate p.a.
4.05%
Standard Variable Rate p.a.
1.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balance from $250,001
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full breakdown

Want more interest on your savings?

Compare now and find a better rate.

Bankwest bank accounts

1 of 1 result
Finder Score Monthly fee Govt. Guarantee Own network ATM fee Card type
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Platinum Debit Mastercard
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Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

Read the full methodology

Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

Bankwest term deposits

1 of 1 result
Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Bankwest logo
Finder Score
Bankwest Term Deposit
$1,000 min. deposit
$10,000,000 max. deposit
Finder Score
3 Mths p.a.
3.75%
6 Mths p.a.
3.80%
10 Mths p.a.
3.60%
12 Mths p.a.
3.70%
24 Mths p.a.
3.50%
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Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

Read the full methodology

Lock in a great rate

Compare term deposits to grow your savings with confidence.

Rates accurate as at: December 5th, 2025 Learn about our information service
Finder Awards badge

Congratulations, Bankwest!

The Bankwest Qantas Transaction Account was highly commended for Best Transaction Account in the 2025 Finder Awards.

Full list of 2025 winners

What do Australians think of Bankwest bank account?

  • 3.99/5 overall for Customer Satisfaction - lower than the average of 4.11
  • 4.19/5 for Trust - lower than the average of 4.43
  • 4.07/5 for Customer Service - equal to the average of 4.07

Based on Bankwest bank account scores in Finder's 2024 & 2025 Customer Satisfaction Awards.

Pros and cons of banking with Bankwest

Pros

  • Variety of transaction and savings accounts for different customer needs, including students and retirees
  • Backed by Commonwealth Bank, offering security and access to a large banking network

Cons

  • Some accounts have monthly fees unless certain conditions are met
  • Savings account interest rates are generally less competitive
  • No international ATM or branch network for overseas use

How to apply for a Bankwest savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Sources

Alison Banney's headshot
Written by

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio

Alison's expertise
Alison has written 660 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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2 Responses

    Default Gravatar
    EmmyOctober 2, 2018

    I am wanting to have access to my term deposit money which has matured 2x from the maturity. I would like to know what are the chances of withdrawing some of the funds as I am experiencing hardship . Need to buy a car from a private seller. I would like to know if I can access the funds within the week or so ?

      Default GravatarFinder
      JhezelynOctober 4, 2018Finder

      Hello Emmy,

      Thank you for your comment.

      If you need to access your term deposit funds before it reaches its 3rd maturity, you will need to give the bank 31 days’ notice. If there are less than 31 days left until the account matures (3rd time), you will need to wait until it reaches maturity to access funds. Usually, you can just contact the bank as they can make exceptions on a case-to-case basis.

      You may check our guide on how to access a term deposit early. I hope this helps.

      Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.

      Regards,
      Jhezelyn

Read more on Bank Accounts

  • Bankwest Platinum Debit Mastercard

    Add more perks to your transaction account by linking it to a Platinum Debit Mastercard.

  • Bankwest Retirement Advantage Account

    Put your everyday spending money to work. The Bankwest Retirement Advantage Account is a day to day bank account that rewards you with interest.

  • Bankwest Easy Transaction Account

    The Bankwest Easy Transaction Account offers a Debit Mastercard and low fees and makes managing your day-to-day money needs easy.

  • Bankwest Term Deposit

    While you can apply for a Bankwest Term Deposit from the comfort of your home or office, know that you can find this feature in certain term deposits offered by other banks as well, so compare a few before applying.

  • Bankwest Hero Saver savings account

    If you have a specific savings goal that you want to meet fast, the competitive interest rate and no fees make the Hero Saver worth considering.

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