Westpac eSaver

Earn an introductory bonus interest rate on the Westpac eSaver account with 24/7 access to your funds.

The Westpac eSaver earns up to 0.3% p.a. for the first 5 months for new accounts. There are $0 monthly fees but you need to link this savings account to a Westpac everyday account. Fees could apply to the everyday account. You'll have unlimited access to your linked Westpac bank account.

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0.3% p.a.

Maximum variable rate


Base interest rate

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Product NameWestpac eSaver
Maximum Variable Rate0.3% p.a.
Standard Variable Rate0.05%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age12

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

You’ll earn a bonus rate of 0.25% for the first 5 months with this account.

Compared to many other savings accounts in the market, the rate offered with this account is quite low. This is especially true after the introductory period ends and the rate drops down to just 0.05%.

One benefit of this account is there are no deposit conditions to meet to earn this bonus rate, and you’re able to make withdrawals when you want.

Key features

Introductory bonus interest rate of 0.3% p.a. for the first 5 months (new accounts)

For the first 5 months after you open your eSaver account your savings balance will receive an additional 0.25% p.a. applied to it. The maximum variable rate is 0.3% p.a. This offer is only available for customers who have not held an eSaver account for at least three months prior. Once the terms end, the rate converts to the standard 0.05% p.a.

It then reverts to a standard interest rate of 0.05% p.a.

The base variable interest rate for the Westpac eSaver is 0.05% p.a.

Launch savings calculator

How to apply

Applying for the Westpac eSaver can be done online by clicking 'go to site' if you believe that this savings account will help you meet your financial goals.


Before continuing to the secure application page check that you are eligible for the eSaver account:

  • Your age. You must be at least 12 years of age in order for an eSaver account to be opened in your name.
  • Your residency. Only permanent residents of Australia who have a valid residential address can be a holder of the Westpac eSaver account.


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    Default Gravatar
    March 28, 2018

    Can an E-Saver account be under a business name,sole trader

      Avatarfinder Customer Care
      March 28, 2018

      Hi Michael,

      Thank you for getting in touch with finder.
      Westpac eSaver is a personal savings account so if you want to apply for a savings account under a business name then you have to choose from their business savings accounts like Westpac Business Cash Reserve.

      I hope this helps.

      Have a great day!


    Default Gravatar
    September 23, 2017

    Hi, I moved Australia about two years ago.
    I still have a good amount of money on my westpac E-saver. But through the years my choice account is blocked or deleted. So the money on the esaver is frozen ( i cant send it to my other banks)
    The bank account is also linked to my australian number which is not in use anymore.
    Hopefully there is a solution. kind regards

      Default Gravatar
      September 23, 2017

      Hey Geysenbert,

      Thank you for reaching out to us.

      As finder is a financial comparison website providing general information, we are not permitted to provide our users with personalised financial advice.

      Also, we do not represent any of the companies that we feature on our pages.

      It would be best to have your concern addressed by them directly through Westpac’s Customer Service.

      I hope this would help.


    Default Gravatar
    July 25, 2017

    I am retired staff and have several esaver accounts at Kingsgrove branch in Sydney, where I was branch manager. I desire to open a new esaver account, with opening balance of $2500 by transfer from existing esaver account. New account to be Car Account,. Notify me when opened.

      Avatarfinder Customer Care
      July 26, 2017

      Hi Eric,

      Thank you for your inquiry.

      While we do not represent any company that we feature on our pages, we can offer you a general information.

      If you are able to meet all of these eligibility requirements, then prepare the following documentation and proceed to the secure application page. Having this information close by will ensure that you are able to complete the application accurately and quickly:

      1. Identification documents. Westpac is required to verify the identity of any online applicant electronically. This can be done with information from your driver’s licence or passport. If not, you may be asked to visit a local branch to complete the identification verification.
      2. Choice transaction account details. In order to get the full benefit of the eSaver account, it needs to be linked to a Choice transaction account from 3. Westpac. You can give them the account details when you apply, or if you don’t already have one you may apply for the account at the same time.
      Personal information. Westpac is also going to need to know some of your personal details, such as your full name, date of birth and physical address.

      I hope this information has helped.


    Default Gravatar
    June 9, 2017

    Hi, can I deposit a personal cheque into a Westpac esaver account? I can’t find the answer to this question anywhere. Also what do I have to do if I need to transfer more than the pay anyone limit (eg, $30,000) to another person’s account?

      Default Gravatar
      June 10, 2017

      Hi Mark,

      Thanks for your question.

      Cheque access is not available for this account. You have to deposit the personal cheque in your linked Westpac Choice account then move the funds to your eSaver account.

      If want to transfer funds through online banking more than your daily payment limit, you can call the bank and request them to amend the limit. The bank will then notify you of the maximum limits available and you’ll need to register for a security device. I’ve sent to your email the PDS for ease of reference.

      I hope this has helped.


    Default Gravatar
    May 8, 2017

    I have given someone my e account details to transfer money into it, is this ok or do I have to use my savings account for transfer transactions ?

      Avatarfinder Customer Care
      May 8, 2017

      Hi Linda,

      Thank you for your inquiry.

      By using the transfer funds option in online banking, you may transfer funds between the eligible Westpac accounts that are accessible through online banking. The account balances and transactions lists will be updated straight away, except credit cards and transfers to a foreign currency account made after the payment cut-off time where the transactions list will not update until the following business day. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered on your transactions.

      I hope this helps.


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