Westpac Bump Savings

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Bump Savings is a savings account from Westpac. It pays 5.55% p.a. in a month in which the conditions below are met and 1.75% when they are not.

Rate tiers

Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.

The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.

The feed states no cap on the balance that earns the bonus.

Conditions

For the bonus rate

• at least one deposit each month
• grow the balance each month

In the bank's own words, as its feed states each condition on the bonus rate:

• deposits each monthMake at least one eligible deposit. Interest paid into the account doesn't count

Other conditions

• the bonus also needs the balance to stay at or above $0 at all times in the month

Features

app

yes

notifications

yes

transactions

unlimited

Other features, in the bank's words:

• Statements: 6 monthly, or more frequently on request.
• Zero monthly fees - There are no account-keeping or transaction fees, but other fees might apply.
• Bucket your savings - In up to 6 different Savings Goals with just one account.
• Make savings goals: Sharing your saving goals with others may motivate you to save even more.
• Track your spending - Open with an everyday account to keep an eye on spending in the Westpac App.
• Parental notifications - Messages for parents or guardians about your account activity so they can guide and support you.

Fees, limits and who can open it

monthly fee

$0

interest paid

monthly

interest calculated

daily

age

up to age 17

open to

personal customers

age limited

open only to people of certain ages (kids, youth or seniors accounts)

Who can open it, in the bank's own words:

• Child under 14 - Accounts for children under 14 can be opened online if a parent or guardian is at least 18 and a Westpac customer. Otherwise, the account will need to be opened at a branch.
• Child aged 14 ? 17 - A child aged 14-17 can open their account online or at a branch.
• age 17 and under: You can open a Bump Savings account for your child as long as they are under 18. For account holders under the age of 14, an account can be opened for a child in the child's name by a parent, guardian, or grandparent, who must become an authorised signatory at the time of opening the account. There must be at least one authorised signatory on the account. The sole authorised signatory cannot be removed from the account until the child has turned 14 or another authorised signatory is added to the account. For customers 14 years old or over: A child may open an account in their own name. If you are under 12 years old, Parental Control function is mandatory which gives your parent or guardian control of the account. The level of access under Parental Controls can be changed at any time by an authorised signatory or, if you are over 12, by the account holder.
• residency: You need to have an Australian residential address and currently be in Australia.

About this account

The trick to saving is to start early. With a Westpac Bump kids savings account, get the money-growing habits you need.

Data

• Westpac's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 13 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: bump, PersonalAccounts-tandc.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/westpac.json: this bank's accounts and every balance band as JSON; Westpac's page lists them.
• The bank last updated this record on 13 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Westpac

• 55+ and Retired savings account, 1.73% base at $50,000
• Business Cash Reserve Savings savings account, 0.95% base at $50,000
• Business Premium Cash Reserve savings account, 0.01% base at $50,000
• Cash Investment Account savings account, 1.30% base at $50,000
• Community Solutions Cash Reserve savings account, 0.95% base at $50,000
• eSaver savings account, 1.25% base at $50,000
• Life savings account, 5.50% conditional at $50,000
• Notice Saver 31, 60 & 90 Days notice account, 0.00% base at $50,000
• Bank Account with Debit Card for Students and Young Adultsstale transaction account, 0.00% base at $50,000
• Business Onestale transaction account, 0.00% base at $50,000
• Business One - Negotiator Planstale transaction account
• Business One - Plusstale transaction account, 0.00% base at $50,000
• Choice transaction account, 0.00% base at $50,000
• Choice for Concession Holdersstale transaction account, 0.00% base at $50,000
• Choice for Migrantsstale transaction account, 0.00% base at $50,000
• Community Solutions One transaction account, 0.00% base at $50,000
• Youth Bank Account and Debit Cardstale transaction account, 0.00% base at $50,000

All of Westpac's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.