Earn up to 3.25% p.a. on your savings
|How your interest adds up||Percentage|
|Standard + Bonus interest on your Life account savings||1.85% p.a.|
|Spend&Save bonus interest each month debit card is used 5+ times||1.40% p.a.|
|Total interest including bonuses||3.25% p.a.|
All rates are variable and subject to change. The Spend&Save bonus applies to eligible card purchases only and to balances held in Life accounts up to $30,000. The 1.40% bonus does not apply to savings above that balance.
Monthly fees & rates
Westpac Life savings account: $0
Westpac Choice bank account: $5 (criteria for fee waiver below)
This fee is waived for:
- Customers that deposit at least $2,000 each month
- Customer under the age of 30 or full-time tertiary students
- Australian Pensioner Concession or Health Care Card holders
- New to Australia or expatriate customers (for the first 12 months).