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Westpac eSaver Account

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Designed for migrants, you can earn a competitive interest rate on your savings and manage it all online.

Prepare for an extended Aussie stay and get your financial needs in order before arrival. The Westpac eSaver is linked to your Choice transaction account, and you manage your money by making online transfers. If you're a migrant, this solves the problem of having to find a secure place to let your savings grow.

0.75% p.a.

Maximum variable rate

0.05% p.a.

Base interest rate

0.7% p.a.

Bonus interest rate

for 5 months

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Details

Product NameWestpac eSaver Account - for migrants
Maximum Variable Rate0.75% p.a.
Standard Variable Rate0.05%
Bonus Variable Rate0.70%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age12

Key features

$0 minimum balance requirement

You will not be expected to maintain a minimum balance in order for this account to remain active.

$0 monthly service fee

The eSaver is a fee-free savings account.


How to apply

Eligibility

Online applications are accepted for the eSaver Account, provided that you are also applying for the Choice transaction account. You can access the application by clicking on "Go to Site" but you should first confirm that you are eligible for this account:

  • Minimum age. The eSaver is available for individuals aged 12 and older.
  • Residency requirements. You must have plans to arrive in Australia with a valid visa within one year of opening this account.

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