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Bankwest Smart eSaver

Maintain your savings balance and be rewarded with a bonus interest rate.

The Smart eSaver account gives you a real incentive to save by paying you a bonus interest rate just for making no withdrawals each month. You have to link your savings with a Bankwest transaction account, which will then make managing your savings and making transfers as easy as logging into your account online. With no fees to pay, you can feel confident that your savings are growing at a steady rate.

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0.50% p.a.

Maximum variable rate


Base interest rate


Minimum deposit

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Product NameBankwest Smart eSaver
Maximum Variable Rate0.50% p.a.
Standard Variable Rate0.01% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age12

Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

You must link your Bankwest Smart eSaver account to a Bankwest transaction account to receive the bonus interest.

Key features

No monthly account keeping fees

You will not be charged any monthly fees for your savings account, but you may have to pay a fee for the linked account depending on which you choose.

Maximum bonus interest rate of 0.5%

Each month you don't make any withdrawals from the Smart eSaver account you will receive the maximum variable interest rate of 0.5%. A standard variable interest rate of 0.01% is applied to your balance for those months where you make a withdrawal from your savings.

Launch savings calculator

How to apply

If you have found that this account has the features you need to meet your savings needs, you can apply easily online in under 15 minutes. Before you will be able to begin, make sure you meet the following eligibility requirements and have the necessary documents handy. You should also note that this account requires that you have a transaction account with Bankwest first, so you may have to open that type of account before you can apply for the Smart eSaver.


  • Minimum age. Applicants can be as young as 12 years of age, but those under 18 will need the assistance of an adult to complete the application.
  • Residency requirements. Australian citizens and permanent residents are welcome to apply, as well as temporary residents with valid visas. Temporary residents should keep in mind that there may be additional requirements that need to be met in order to qualify for this account.

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  1. Default Gravatar
    October 18, 2019

    I want to try very hard to save money to buy a car within 7 months for myself and I have trouble saving money, after I have to pay bills.

    • Default Gravatar
      October 19, 2019

      Hi Sue,

      Thanks for your comment. It’s good to know that you are looking for ways to save money. If you are interested in applying for the Bankwest Smart eSaver, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      You can find the Bankwest’s requirements when you click the tab above that says How To Apply. When you are ready, visit their main website to start the application.

      Hope this helps and feel free to reach out to us again for further assistance.


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