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The Westpac eSaver earns up to 0.4% 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.
0.4% p.a.
Maximum variable rate
0.05%p.a.
Base interest rate
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Product Name | Westpac eSaver |
---|---|
Maximum Variable Rate | 0.4% p.a. |
Standard Variable Rate | 0.05% |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Minimum Age | 12 |
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
You’ll earn a bonus rate of 0.35% 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.