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Bankwest provides transaction accounts and savings accounts to suit different needs and you also get options in opening term deposits. This financial institution offers special products for students and retirees, it provides special solutions who people who prefer online banking, and it also provides accounts with unlimited over the counter transactions.
You can access Bankwest’s online banking system using a computer, smartphone or tablet. Using your smartphone gives you the ability to keep track of your finances while allowing you to pay bills and transfer funds. Using a tablet or a computer brings added abilities of accessing your statements, transferring funds overseas and managing your credit and debit cards.
This bank uses 128-bit SSL encryption to provide secure connections. No Loss Security Guarantee offers protection against unauthorised transactions.
Login Page | Create Savings Goals | Payments |
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This award-winning account allows you to save and spend at the same time. With this account, you'll be able to earn a variable interest of 0.1% on balances up to $5,000. You won't even have to pay any monthly fees if you deposit at least $2,000 every month.
This unique transaction account enables you to earn Qantas reward points as per your spending on eligible purchases. You don’t have to pay any monthly fees if you deposit at least in your account each month.
With this account you get free access to over 10,000 ATMs across Australia, and you don’t have to pay monthly fees if you deposit at least in the account every month.
Meant especially for students, this account does not attract any monthly account keeping fees, and account holders can access all Bankwest and Commonwealth Bank ATMs across Australia for free. Through ‘Student Edge’, they can get discounts at popular establishments like Hoyts, Apple Store for Education, and McDonald’s.
You can open this account if you’re over 55 years of age. It does not charge any monthly fees, and comes with free unlimited domestic over the counter, cheque, and electronic withdrawals, as well as ATM access via the Bankwest and Commonwealth Bank network.
You can set up direct transfers from Bankwest transaction accounts. However, you can't set them up from its savings accounts. You will need to set up a linked bank accounts first for savings accounts.
This account requires that you deposit at least $200 each month and don’t make any withdrawals, while enabling you to earn a variable Hero rate on balances up to $250,000. You don’t have to provide an opening deposit and you don’t have to pay any account keeping or transaction fees. Limit of one per person, whether it's jointly or solely owned.
We recommend that you look beyond the interest rate and see how the rate will be calculated. If there are bonus interest rate conditions, such as a required amount of deposits each month, or withdrawal conditions which see you not paid interest if you make a withdrawal, think long and hard about if you would be regularly withdrawing from your account, even if they are small amounts.
Equally, some accounts offer a high interest rate but will only offer it for a number of months, which might not be as useful in the long run if you plan to save for a home. There are some great rates being offered by both banks and credit unions/building societies, so as long as they fit your saving habits, and are with an institution you’re comfortable with you should be fine.
This account gives you easy access to your money, and you have to link it with a Bankwest transaction account. There is no minimum balance requirement, and you don’t have to pay ongoing account keeping fees.
You need to link this account to a Bankwest transaction account, and for each month that you don’t make any withdrawals, you earn a Smart rate. If you do end up making withdrawals in any month, you still earn a standard variable rate.
This account is designed to help set up your child's financial future. If your child is 15 years old or younger, this account could earn an interest of up to 0.7% p.a. depending on how much you deposit. With no account maintenance fees, this account can be linked with the Kids' Bonus Saver account to boost your child's savings.
Back to topYou can open an online term deposit with as little as $1,000, and you can invest up to $5 million. You get to choose from different terms and corresponding rates, and these term deposits don’t charge any account keeping fees.
You can apply for a gold term deposit by visiting any Bankwest branch. Tithe minimum you require to open this term deposit is $5,000, and the maximum is $2 million. This term deposit does not attract any ongoing account keeping fees.
Back to topIf you wish to apply online, simply click on the ‘Go to Site' button, but make sure you meet the bank’s eligibility criteria to open an account.
To complete the application prepare to provide the following.
While opening a Bankwest transaction or savings account can be a good idea, make sure you compare your options well before applying to ensure you're getting the best account for your individual needs.
Add more perks to your transaction account by linking it to a Platinum Debit Mastercard.
Put your everyday spending money to work. The Bankwest Retirement Advantage Account is a day to day bank account that rewards you with interest.
The Bankwest FeeSaver Basic Account is not suited to everyone. If you’re eligible, you can receive multiple benefits.
With an account structured to encourage kids to save, you can start early at securing your child’s financial future.
Short term savings goals can be met with ease when you choose to invest with Bankwest’s term deposit account.
The Bankwest Smart eSaver and its easy to earn competitive interest rate makes this an account that could bring you closer to your financial goals.
With the Bankwest TeleNet Saver you could get an easy way to invest your money with no fees and a competitive interest rate.
The Bankwest Rewards Transaction Account is no longer available to new customers. This information is for existing customers only.
The Bankwest Hero Transaction Account gives you the best of both banking worlds by allowing you easy access to your funds and to earn interest on your balance at the same time.
The Bankwest Easy Transaction Account offers a Debit Mastercard and low fees and makes managing your day-to-day money needs easy.
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 ?
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