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Maximum variable rate: 5.20% p.a.
Base interest rate: 4.25% p.a.

Our verdict

Earn 5.2% p.a. for the first 4 months then 4.25% p.a. ongoing, with no conditions to meet.

This account could suit you if you’re looking for a decent return on your savings but you don’t want to worry about meeting any ongoing conditions. You’ll get 5.2% p.a. for the first 4 months then an ongoing rate of 4.25% p.a. after that.

The ongoing 4.25% p.a. rate is a bit lower than what you could get elsewhere, but there are no conditions to meet! Balances of $250,001 and higher will get a lower 4-month variable rate of 4.3%, followed by an ongoing rate of 1.6%

Pros

Competitive intro rate
Competitive ongoing rate

Cons

Requires a linked Easy Transaction Account

The Bankwest Easy Saver account offers an introductory bonus rate of 5.2% p.a. for new account holders for the first 4 months after opening the account. After the introductory period ends, the rate will revert to the standard variable rate, currently 4.25% p.a.

Note that the interest you can get with this account is lower if your balance is $250,001 or higher. In this case you get a 4-month introductory rate of 4.3% and then an ongoing rate of 1.6% after that.

There are no monthly deposit conditions to meet and you can make withdrawals at any time while still being eligible for interest.

Details

Key details

Product Name	Bankwest Easy Saver
Maximum Variable Rate	5.20% p.a.
Standard Variable Rate	4.25% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0
Minimum Age	16

Bankwest scored in the Finder Awards

The Bankwest Easy Saver was highly commended for Best No Conditions Savings Account in the 2026 Finder Awards.

Full list of 2026 winners

Key features

Introductory bonus rate of 5.2% p.a.

New customers will earn a bonus interest rate of 5.2% p.a. for the first 4 months after opening the account. You can earn this rate on balances up to $250,000.99.

This bonus rate is not available if you've had the bonus rate on an Bankwest Easy Saver account in the last two years.

Lower rates for larger balances

For balances of $250,001 and higher you will get a 4-month variable rate of 4.3%, followed by an ongoing rate of 1.6%

Ongoing interest rate of 4.25% p.a.

After the 4 month period ends the rate will revert to the standard variable rate, currently 4.25% p.a. You can earn this rate on balances up to $250,000.99.

No monthly conditions to meet

You don’t need to meet any monthly deposit conditions, spend requirements or minimum balance requirements in order to earn interest. You can also make withdrawals from your savings whenever you want and still be eligible for interest.

Linked bank account

This account comes linked to a Bankwest Easy Transaction Account. You can transfer money from your Easy Saver to your Easy Transaction instantly using mobile or internet banking.

No account keeping fee

This account has no monthly account keeping fee, and there’s no monthly account keeping fee on the linked Easy Transaction Account either.

Covered by the $250,000 government guarantee scheme

Your deposit up to $250,000 with Bankwest is protected under the government’s bank guarantee scheme. Note that this includes your combined balance across all your Bankwest accounts (for example if you’ve got money in your Bankwest Easy Transaction Account and also in your Easy Saver Account, your combined balance up to $250,000 is protected).

Launch savings calculator

How to apply

Eligibility

Check first to make sure that you are able to meet the eligibility requirements:

Personal account. This account is only for individual use, not joint holders, companies or SMSFs
Age. You need to be aged 16 years or older
Address. You must have a valid Australian residential address
Existing account. If you already have an Easy Saver account, you will not be permitted to open another.

Documentation needed

Identification. You will need at least 2 forms of identification, this could include a driver's license, passport, Medicare card, or Australian birth certificate.
Personal information. You're going to be asked for your full name, date of birth, and physical Australian address.
Tax File Number (TFN). While providing your TFN is optional, it will help you ensure you're not being taxed at the maximum marginal tax rate.

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Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Bankwest Easy Saver account information page
2. Bankwest Easy Saver account TMD

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Alison Finder

Editorial Manager, Money

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Linda Howell

February 11, 2026

I have an existing homeloan and multiple off set accounts. I am looking at discharging this loan soon and was advised when I called your customer service team that the sub accounts would automatically transfer to savings accounts, of which the service officer did not provide further detail but advised me to go to the website to review terms etc of the easy saver account. My question is our accounts are in joint names yet the easy saver seems to be restricted to individual accounts only. Can you confirm what actual account type all the offset accounts will automatically transfer to when we close the loan. Thanks Linda

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Sarah Megginson Finder

February 13, 2026

Hi Linda,

We’re a review and comparison site, so we’re unable to offer any personal advice. You’ll need to contact Bankwest customer service to discuss this, you can reach them on 13 17 19. Best of luck!

Harry

December 09, 2025

Regards easy saver, if I transfer $1000. Out of the account mid month, do I still receive the full 4.8 % for the rest of the balance remaining. Plus 4.8% interest for the 15 days $1000. was still in the account.

Regards

Sarah Megginson Finder

December 10, 2025

Hi Harry,

Yes you would, there are no monthly deposit conditions to meet and you can make withdrawals at any time while still being eligible for interest. Hope this helps!

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 profile

Bankwest Easy Saver account

Pros

Cons

Bankwest scored in the Finder Awards

Key features

Introductory bonus rate of 5.2% p.a.

Lower rates for larger balances

Ongoing interest rate of 4.25% p.a.

No monthly conditions to meet

Linked bank account

No account keeping fee

Covered by the $250,000 government guarantee scheme

How to apply

Eligibility

Documentation needed

Compare other products from Bankwest

Sources

Sources

Your reviews

Important information about this website

Advertiser disclosure

How we make money

Sorting and ranking products

Terms of service and privacy policy

`Compare other products from Bankwest`