Compare Westpac Savings & Bank Accounts

Westpac savings accounts, bank accounts and term deposits

Westpac savings accounts

20 of 26 results

Finder Score	Maximum interest rate	Base interest rate	Max rate type & duration	Monthly Max Rate Conditions	Table Description
Finder score 8.9 Westpac Life (18-40 year olds only)	Finder score 8.9	Maximum Variable Rate p.a. 5.75%	Standard Variable Rate p.a. 0.10%	Intro/Ongoing Ongoing rate (conditions apply)	Monthly Max Rate Conditions Make a deposit Grow your balance 20 debit card purchases Balance up to $150,000	Get $50 cashback when you open this account and a Westpac transaction account by 30 September 2026 and spend $50 using the linked debit card within 15 days of opening the accounts. T&Cs apply.	Go to site View details Compare product selectionCompare	loading
Finder score 8.9 Westpac Bump Savings Account	Finder score 8.9	Maximum Variable Rate p.a. 5.05%	Standard Variable Rate p.a. 1.75%	Intro/Ongoing Ongoing rate (conditions apply)	Monthly Max Rate Conditions Make a deposit Grow balance Keep balance above $0	View details Compare product selectionCompare	loading
Finder score 8.7 Westpac Life	Finder score 8.7	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 0.10%	Intro/Ongoing Ongoing rate (conditions apply)	Monthly Max Rate Conditions Make a deposit Grow your balance	Get $50 cashback when you open this account and a Westpac transaction account by 30 September 2026 and spend $50 using the linked debit card within 15 days of opening the accounts. T&Cs apply.	View details Compare product selectionCompare	loading
Finder score 8.2 Westpac Life (18-40 year olds only)	Finder score 8.2	Maximum Variable Rate p.a. 4.75%	Standard Variable Rate p.a. 0.10%	Intro/Ongoing Ongoing rate (conditions apply)	Monthly Max Rate Conditions Make a deposit Grow your balance Balance from $150,001 20 debit card purchases	Get $50 cashback when you open this account and a Westpac transaction account by 30 September 2026 and spend $50 using the linked debit card within 15 days of opening the accounts. T&Cs apply.	View details Compare product selectionCompare	loading
Finder score 7.8 Westpac 55+ and Retired	Finder score 7.8	Maximum Variable Rate p.a. 2.65%	Standard Variable Rate p.a. 2.65%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance from $250,000 Age 55+	View details Compare product selectionCompare	loading
Finder score 7.4 Westpac eSaver	Finder score 7.4	Maximum Variable Rate p.a. 5.25%	Standard Variable Rate p.a. 1.25%	Intro/Ongoing 5 month intro rate	Monthly Max Rate Conditions No deposit or withdrawal conditions New accounts only	Get $50 cashback when you open this account and a Westpac transaction account by 30 September 2026 and spend $50 using the linked debit card within 15 days of opening the accounts. T&Cs apply.	View details Compare product selectionCompare	loading
Finder score 7.4 Westpac eSaver	Finder score 7.4	Maximum Variable Rate p.a. 5.25%	Standard Variable Rate p.a. 1.25%	Intro/Ongoing 5 month intro rate	Monthly Max Rate Conditions No deposit or withdrawal conditions New accounts only For migrants	Get $50 cashback when you open this account and a Westpac transaction account by 30 September 2026 and spend $50 using the linked debit card within 15 days of opening the accounts. T&Cs apply.	View details Compare product selectionCompare	loading
Finder score 7.4 Westpac 55+ and Retired	Finder score 7.4	Maximum Variable Rate p.a. 2.05%	Standard Variable Rate p.a. 2.05%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $50,000 to $249,999.99 Age 55+	View details Compare product selectionCompare	loading
Finder score 7 Westpac 55+ and Retired	Finder score 7	Maximum Variable Rate p.a. 1.70%	Standard Variable Rate p.a. 1.70%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $10,000 to $49,999.99 Age 55+	View details Compare product selectionCompare	loading
Finder score 6.8 Westpac Community Solutions Cash Reserve	Finder score 6.8	Maximum Variable Rate p.a. 1.30%	Standard Variable Rate p.a. 1.30%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance from $1,000,000	View details Compare product selectionCompare	loading
Finder score 6.8 Westpac Business Cash Reserve	Finder score 6.8	Maximum Variable Rate p.a. 1.30%	Standard Variable Rate p.a. 1.30%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions Balance from $1,000,000	View details Compare product selectionCompare	loading
Finder score 6.6 Westpac Business Cash Reserve	Finder score 6.6	Maximum Variable Rate p.a. 1.15%	Standard Variable Rate p.a. 1.15%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions Balance $500,000 to $999,999	View details Compare product selectionCompare	loading
Finder score 6.6 Westpac Community Solutions Cash Reserve	Finder score 6.6	Maximum Variable Rate p.a. 1.15%	Standard Variable Rate p.a. 1.15%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $500,000 to $999,999	View details Compare product selectionCompare	loading
Finder score 6.6 Westpac Community Solutions Cash Reserve	Finder score 6.6	Maximum Variable Rate p.a. 1.15%	Standard Variable Rate p.a. 1.15%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $250,000 to $499,999	View details Compare product selectionCompare	loading
Finder score 6.6 Westpac Business Cash Reserve	Finder score 6.6	Maximum Variable Rate p.a. 1.15%	Standard Variable Rate p.a. 1.15%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions Balance $250,000 to $499,999	View details Compare product selectionCompare	loading
Finder score 6.3 Westpac Community Solutions Cash Reserve	Finder score 6.3	Maximum Variable Rate p.a. 0.60%	Standard Variable Rate p.a. 0.60%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $50,000 to $249,999	View details Compare product selectionCompare	loading
Finder score 6.3 Westpac Business Cash Reserve	Finder score 6.3	Maximum Variable Rate p.a. 0.60%	Standard Variable Rate p.a. 0.60%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions Balance $50,000 to $249,999	View details Compare product selectionCompare	loading
Finder score 6 Westpac Business Cash Reserve	Finder score 6	Maximum Variable Rate p.a. 0.45%	Standard Variable Rate p.a. 0.45%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions Balance $25,000 to $49,999	View details Compare product selectionCompare	loading
Finder score 6 Westpac Community Solutions Cash Reserve	Finder score 6	Maximum Variable Rate p.a. 0.45%	Standard Variable Rate p.a. 0.45%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $5,000 to $9,999	View details Compare product selectionCompare	loading
Finder score 6 Westpac Community Solutions Cash Reserve	Finder score 6	Maximum Variable Rate p.a. 0.45%	Standard Variable Rate p.a. 0.45%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $0 to $4,999	View details Compare product selectionCompare	loading

Showing 20 of 26 results

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.

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Westpac bank accounts

8 of 8 results

Finder Score	Monthly fee	Own network ATM fee	International transaction fee	International ATM Fee
Finder score 8.3Great Westpac Choice Apple PayGoogle PaySamsung PayGarmin PayDigital Card	Finder score 8.3Great	Monthly fee $5	Own network ATM fee $0	International transaction fee 3%	$5	Get $50 cashback when you open a Westpac savings account and transaction account within 15 days of each other and spend $50 using the linked debit card. T&Cs apply.	Go to site View details Compare product selectionCompare	loading
Finder score 9.3Excellent Westpac Business One Account Apple PayGoogle PaySamsung PayGarmin Pay	Finder score 9.3Excellent	Monthly fee $0	Own network ATM fee $0	International transaction fee 3%	$5 + 3%	Get $100 when you open a new account and deposit $100+ in one transaction within 10 days, with code WELCOME100. T&Cs apply.	View details Compare product selectionCompare	loading
Finder score 9Excellent Westpac Choice Student Apple Pay Google Pay Samsung Pay Garmin Pay	Finder score 9Excellent	Monthly fee $0	Own network ATM fee $0	International transaction fee 3%	$5	View details Compare product selectionCompare	loading
Finder score 8.3Great Westpac Choice – for migrants Apple Pay Google Pay Samsung Pay Garmin Pay	Finder score 8.3Great	Monthly fee $5	Own network ATM fee $0	International transaction fee 3%	$5	View details Compare product selectionCompare	loading
Finder score 7.8Great Westpac Business One Plus Account Apple PayGoogle PaySamsung PayGarmin Pay	Finder score 7.8Great	Monthly fee $10	Own network ATM fee $0	International transaction fee 3%	$5	View details Compare product selectionCompare	loading
Finder score 7.7Great Westpac Community Solutions One Apple PayGoogle PaySamsung Pay	Finder score 7.7Great	Monthly fee $0	Own network ATM fee $0	International transaction fee 3%	N/A	View details Compare product selectionCompare	loading
Finder score 6.6Standard Westpac Community Solutions Cash Reserve Apple PayGoogle PaySamsung Pay	Finder score 6.6Standard	Monthly fee $0	Own network ATM fee	International transaction fee	N/A	View details Compare product selectionCompare	loading
Finder score 5.9Standard Westpac Foreign Currency Account Apple Pay Google Pay Samsung Pay12 currencies	Finder score 5.9Standard	Monthly fee $0	Own network ATM fee	International transaction fee	N/A	View details Compare product selectionCompare	loading

Showing 8 of 8 results

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.

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Westpac term deposits

2 of 2 results

Finder Score	3 Mths p.a.	6 Mths p.a.	10 Mths p.a.	12 Mths p.a.	24 Mths p.a.
7 Great Westpac Business Term Deposit $5,000 min. deposit $2,000,000 max. deposit	7 Great	3 Mths p.a. 3.25%	6 Mths p.a. 3.40%	10 Mths p.a. 3.70%	12 Mths p.a. 4.75%	24 Mths p.a. 4.50%	Existing customers can get 5.25% p.a. for 12 months, or 5.15% p.a. for 8 months, when you open or renew a term deposit online. T&Cs apply.	View details Compare product selectionCompare	loading
7 Great Westpac Term Deposit $5,000 min. deposit $2,000,000 max. deposit	7 Great	3 Mths p.a. 3.25%	6 Mths p.a. 3.40%	10 Mths p.a. 3.70%	12 Mths p.a. 4.75%	24 Mths p.a. 4.50%	Existing customers can get 5.25% p.a. for 12 months, or 5.15% p.a. for 8 months, when you open or renew a term deposit online. T&Cs apply.	View details Compare product selectionCompare	loading

Showing 2 of 2 results

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.

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Pros and cons of banking with Westpac

Pros

Access to a large network of ATMs in Australia and worldwide
Multiple account options for personal, business, student, senior, and migrant customers
Extensive branch network across Australia

Cons

Some accounts charge monthly fees unless conditions are met

How to apply for a Westpac 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

Thank you for your feedback!

Written by

Alison Banney

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 649 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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6 Responses

FrancesJuly 13, 2017

What is the highest paying term deposit for 2 months in W.A.

LiezlJuly 13, 2017

Hi Frances,

Thanks for your question.

While we do not have a dedicated term deposit rates comparison page for WA, you may use our term deposit page. You should find a comparison table on that page that lists the term deposit accounts along with their corresponding interest rates.

Please read through the terms, conditions, and features of the account you’re interested in before making a final decision.

I hope this helps.

Cheers,
Liezl

VemannaApril 10, 2016

I have Westpac bank Choice account and Esaver account. And I have issued the debit MasterCard . When I want to use I have to press credit instead of savings. Why it is like this? I do not understand, it is not credit card but still I have to press credit. And I have faced some problems like I can not with draw money in shops. Please let me what can I do about this.
Thanks

HarryApril 11, 2016

Hi Vemanna,

Thanks for the query.

Pressing “credit” makes the purchase go through as a credit transaction, which gives it additional fraud protection compared to a regular transaction would. If you can’t withdraw money from the “credit” option, you can try using the “savings” option. Remember to check if you have sufficient funds to complete the transaction.

I hope this helps,

Harry

benDecember 19, 2015

Can I use smart ATM to deposit cash in to my imb account and funds be available immediately? Urgent. Thanks

Finder

ShirleyDecember 21, 2015Finder

Hi Ben,

Thanks for your question.

Unfortunately Westpac SmartATMs can only facilitate deposits straight into Westpac accounts. You may want to consider using Bank@Post instead.

Cheers,
Shirley

Westpac savings and bank accounts

Westpac offers a range of bank accounts, savings accounts and term deposits including a market-leading savings rate for under 30s.

Westpac savings accounts, bank accounts and term deposits

Westpac savings accounts

How the Finder Score helps you find a better savings account

Westpac bank accounts

Finder Score for bank accounts

Westpac term deposits

Finder Score for term deposits

Pros and cons of banking with Westpac

Pros

Cons

How to apply for a Westpac savings account

Sources

Alison Banney

Get rewarded $$ for switching with Finder Rewards

Ask a question

6 Responses

Read more on Bank Accounts

Westpac savings and bank accounts

Westpac offers a range of bank accounts, savings accounts and term deposits including a market-leading savings rate for under 30s.

Westpac savings accounts, bank accounts and term deposits

Westpac savings accounts

How the Finder Score helps you find a better savings account

Westpac bank accounts

Finder Score for bank accounts

Westpac term deposits

Finder Score for term deposits

Pros and cons of banking with Westpac

Pros

Cons

How to apply for a Westpac savings account

Sources

Alison Banney

Get rewarded $$ for switching with Finder Rewards

Ask a question

6 Responses

Read more on Bank Accounts

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