Westpac savings accounts at a glance As of 21 Sept 2026, Westpac has 4 savings accounts in our dataset. The highest advertised rate is 5.25% p.a. on Westpac eSaver (5-month intro, then 1.25% p.a.; no monthly conditions). Rates were last verified on 21 Sept 2026 against the bank's official product pages.
Rates as of 21 Sept 2026 Bank Product Max rate Ongoing rate Intro offer Top rate applies to Conditions Westpac Westpac eSaver 5.25% p.a. 1.25% p.a. 5-month intro 5.25% p.a. Any balance No monthly conditions. Westpac Bump Savings 5.05% p.a. 5.05% p.a. — Any balance Keep a positive balance throughout the month. Make at least 1 deposit each month. Finish the month with a higher balance than you started with. Westpac Westpac Life 5.00% p.a. 5.00% p.a. — Any balance Make at least 1 deposit each month. Finish the month with a higher balance than you started with. Keep a positive balance throughout the month. Westpac Business Cash Reserve Savings 1.30% p.a. Up to 1.30% p.a. — Any balance No monthly conditions.
Westpac eSaver 5-month intro 5.25% $50 cashback No hoops A no-conditions online savings account.
Last updated: 20 Sept 2026
Advertised rate
5-month intro 5.25% p.a.
Then ongoing 1.25% p.a.
Rate details
5-month intro rate
5.25% p.a.
Who can open it
Intro offer is limited to new customers. $50 cashback promotion currently listed. Cashback promotion is limited to new customers. Cashback requires a linked Westpac Choice everyday account account. Cashback requires depositing at least $50 within 10 days. Conditions are assessed on a calendar-month basis. Interest is credited on the last day of the month. Bump Savings $50 cashback Monthly deposit Balance growth For under-18s only.
Last updated: 20 Sept 2026
Advertised rate
5.05% p.a.
Base + bonus rate
Rate details
Ongoing rate
5.05% p.a.
Max rate when conditions are met
5.05% p.a.
Bonus conditions need to be met for the max rate.
How to get the best rate
Keep a positive balance throughout the month. Make at least 1 deposit each month. Finish the month with a higher balance than you started with. Who can open it
Available up to age 17. A parent or guardian is required under age 14. Parental control is required under age 12. $50 cashback promotion currently listed. Cashback promotion is limited to new customers. Cashback requires a linked Westpac Choice Youth account. Cashback requires depositing at least $50 within 10 days. Westpac Life $50 cashback Monthly deposit Balance growth Hold a linked Westpac everyday account and, each month, keep the balance above $0 at all times, make at least one deposit, and finish the month with a higher balance than you started to earn the bonus rate.
Last updated: 20 Sept 2026
Advertised rate
5.00% p.a.
Base + bonus rate
Rate details
Ongoing rate
5.00% p.a.
Max rate when conditions are met
5.00% p.a.
Bonus conditions need to be met for the max rate.
How to get the best rate
Make at least 1 deposit each month. Finish the month with a higher balance than you started with. Keep a positive balance throughout the month. Who can open it
Requires a linked Westpac everyday account account. $50 cashback promotion currently listed. Cashback promotion is limited to new customers. Cashback requires a linked Westpac Choice everyday account account. Cashback requires depositing at least $50 within 10 days. Conditions are assessed on a calendar-month basis. Interest is credited on the last day of the month.
Business Cash Reserve Savings Business Account No hoops Linked account required Earn tiered variable rate up to 1.30% p.a. paid on the whole balance (0.45% under $50k, 0.60% $50k-$250k, 1.15% $250k-$1M, 1.30% $1M+).
Last updated: 21 Sept 2026
Advertised rate
Up to 1.30% p.a.
On balances from $1,000,000
Rate details
Ongoing rate
Up to 1.30% p.a.
$50,000 to $250,000
0.60% p.a.
$250,000 to $1,000,000
1.15% p.a.
Your whole balance earns the rate for the tier it falls into.
Who can open it
Available to Australian registered business entities with an ABN. Requires an active linked Westpac Business Transaction Account in the same name. Fee-free transfers between Westpac accounts via Online Banking or the Westpac App. Rates, eligibility and product terms can change. Check the bank's official page before opening an account.
