Westpac eSaver

Westpac
Headline interest rate
4.55%
Monthly fee
-
Account type
Savings

Moneybuddy says

A useful account that offers a reasonable savings rate and allows you very easy access to your money. You can transfer your money between accounts with little hassle, online and via telephone banking. There's no fixed terms, which means that you maintain constant access to your money and the account won't lock it away from you for any set time. You also don't need to keep a minimum monthly balance, and there's no account service fees. An easy savings option from Westpac.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate 4.55%

Monthly fee -

Account type Savings

The cool stuff: features

ATM access No

EFTPOS access No

Branch access No

Online access No

Age restrictions No

Cheque book facility No

Debit card No

BPAY No

GiroPost No

Phone access No

The Facts & Figures

Balance less than $1k -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Westpac says

The Westpac eSaver is ideal for those looking to earn a competitive return whilst having the convenience to instantly access funds, through automated Telephone and Internet Banking, 24 hours a day, 7 days a week.

Features and benefitsHigh interest calculated daily on the full balance and paid monthly, No monthly service fee, Unlimited and fee free access to funds via Internet or Automated Telephone Banking to a linked transaction or savings account, No minimum balance, transfers or fixed investment terms, Optional paperless estatementsNote: To operate the Westpac eSaver account, you must hold a Westpac transaction or savings account in the same name(s) as your Westpac eSaver account.

Key features

  • High interest calculated daily on the full balance and paid monthly
  • No monthly service fee
  • Unlimited and fee free access to funds via Internet or Automated Telephone Banking to a linked transaction or savings account
  • No minimum balance
  • transfers or fixed investment terms
  • Optional paperless estatements

Pros

  • No account fees
  • No minimum monthly balance
  • No fixed terms
  • Easy transfer of money between accounts

Cons

  • There are higher savings rates available

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