In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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Bankwest Easy Saver account

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Bankwest Easy Saver
Maximum variable rate
5.10% p.a.
Base interest rate
4%p.a.

Our verdict

Earn 5.1% p.a. for the first 4 months then 4% 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 5.1% p.a. for the first 4 months then an ongoing rate of 4% p.a. after that.

The ongoing 4% p.a. rate is a bit lower than what you could get elsewhere, but there are no conditions to meet! This is a big selling point for this account, especially if you're looking for an easier, more flexible option for your savings and don’t want to worry about a monthly deposit condition.

Pros

  • Bonus rate of 5.1% p.a. with no conditions to meet
  • Earn interest on balances up to $250,000.99
  • Make withdrawals and still be eligible for interest

Cons

  • The bonus rate is only for the first 4 months
  • Easy Saver must be linked to a Bankwest Easy Transaction Account

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

The Bankwest Easy Saver account offers an introductory bonus rate of 5.1% 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% p.a.

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 5.10% p.a.
Standard Variable Rate 4.00% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 16

Key features

Introductory bonus rate of 5.1% p.a.

New customers will earn a bonus interest rate of 5.1% 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 Easy Saver account in the last two years.

Ongoing interest rate of 4% p.a.

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

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.

Compare other savings accounts

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Standard Variable Rate p.a.
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MyState Bank Bonus Saver Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
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Intro Period
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Government Guarantee
Monthly Max Rate Conditions
  • Deposit $20
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ING Savings Accelerator ($150,000 - $500,000)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
4.70%
Intro Period
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Monthly Max Rate Conditions
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Bank of Queensland Future Saver Account - 14 to 35 years
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Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
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Monthly Max Rate Conditions
  • Deposit $1,000
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Rabobank High Interest Savings Account
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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  • N/A
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Westpac Life (18-29 year olds only)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
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Monthly Max Rate Conditions
  • Grow your balance
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Newcastle Permanent Online Savings Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro Period
3 months
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Monthly Max Rate Conditions
  • N/A
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ING Savings Maximiser
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Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro Period
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Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
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  • Grow your balance
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IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
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ME HomeME Savings Account
Maximum Variable Rate p.a.
5.55%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $2000
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Australian Unity Freedom Saver ($50,000 - $250,000)
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
5.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Ubank High Interest Save Account
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $200
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Easy Street Bonus Saver Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.01%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50+ each month
  • No withdrawals
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St.George Maxi Saver
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.10%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Max Variable Rate includes 0.35% p.a. for 3 months for new customers who apply online
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