Westpac eSaver (New customer) Summary
Description
Westpac eSaver makes saving a breeze. You'll get an introductory interest rate and online access to your money whenever you need it.
Benefits
- Introductory rate of 5.60% p.a. for 5 months for eligible customers.
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
More benefits
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Applicants must be at least 14.
- The introductory offer is temporary, lasting 5 months. The ongoing rate then applies.
On this page
Details
Key details
| Product name | Westpac eSaver (New customer) |
|---|---|
| Maximum variable rate | 5.60% p.a. (Introductory, first 5 months) |
| Ongoing interest rate | 1.25% p.a. |
| Base interest rate | 1.25% p.a. |
| Minimum age | 14 years |
Source: noren.com.au
All comparison details
| Base | 1.25% |
|---|---|
| Ongoing | 1.25% |
| Ongoing cap | No cap |
| Intro | 5.60% |
| Intro cap | No cap |
| Intro period | 5 mths |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 14 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 1.25% p.a..
- Introductory: 5.60% p.a. for 5 months for eligible customers. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 1.25% | Whole balance | All balances |
| Introductory total, first 5 months | 5.60% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- No ongoing monthly deposit, purchase or balance-growth conditions in the reviewed pricing.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Westpac.
- Age 14 or over.
- Be registered for Online and Telephone Banking.
- To open a Westpac eSaver account, you must hold a Westpac everyday account. Fees and charges apply on a Westpac everyday account.
- Those with an Australian residential address and who are currently in Australia.
- New arrival in Australia within the last 12 months, first eSaver opened by a sole applicant. Linked eligible everyday account required. The new-arrival bonus lasts five months and replaces the online-opening bonus.
Introductory eligibility
- New arrival in Australia within the last 12 months, first eSaver opened by a sole applicant. Linked eligible everyday account required. The new-arrival bonus lasts five months and replaces the online-opening bonus.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 28 Oct 2026.