Update to the Westpac HISA for 18-34 year olds:
Spend&Save - 5.75% p.a. on balances of up to $30k:
- 0.10% p.a. Standard variable base rate (when no standard variable bonus rate applies)
- 4.90% p.a. Standard variable bonus rate
- 0.75% p.a. (on up to $30,000) Spend&Save variable bonus rate.
Requirements for standard variable bonus rate (4.90% p.a.):
- Keep your account balance above $0 at all times during the month
- Make at least one deposit (Interest paid doesn’t count)
- Have a higher balance at the end of the month than at the start.
Requirements for Spend&Save variable bonus rate (0.75% p.a. on up to $30,000):
- Be aged 18-34 with a Westpac Life and Westpac Choice account in your name (Joint accounts are not eligible)
- Make 20 eligible purchases with the Debit Mastercard® linked to your Westpac Choice account.
For balances over $30k, the Standard variable base rate and Standard variable bonus rate will apply to the entire balance (e.g. $40k balance = 5.75% p.a. on $30k and 5.00% p.a. on $10k).
Happy hoop jumping.
TWENTY eligible purchases??? WTF?!