Westpac eSaver

savings accountlinked accountterms checked

eSaver is a savings account from Westpac. It pays 1.25% p.a. with no bonus conditions; a bonus rate of 5.75% for the first 5 months (4.50% above the base rate).

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays, intro the rate in the introductory period.

One rate on every balance, with no upper limit.

The bank's feed calls the intro column a bonus rate: an add-on to the base rate for the first 5 months of a new account; after it the account pays its base rate, 1.25%.

Conditions

• the introductory rate is for new eSaver customers (the first eSaver account only; for joint, the primary holder must be new to eSaver)
• 5.50% total needs opening online (3.80% intro + 0.45% online bonus + 1.25% base); opened another way the total is 5.05%
• the required Westpac everyday account can cost $5 a month unless waived

Introductory rate conditions: new accounts only; online only.

Bonuses the ranking leaves out, because the feed limits them to some people only (an age band, selected customers, new arrivals):

• 0.55% on $0+: new customers only

Features

app

yes

transactions

unlimited

Other features, in the bank's words:

• The Westpac eSaver account comes with a Westpac Choice everyday account so you can easily transfer money in and out. We'll only open a Choice account if you don't already have one.
• Statements: 6 monthly, or more frequently on request.
• Introductory rate - Fixed rate for the first 5 months for new eSaver customers.
• $0 monthly fee - No eSaver Account-Keeping Fees (other fees may apply)
• Unlimited access - Simply link your eSaver account to a Westpac everyday account.
• Online account - With no minimum deposit or monthly balance requirements.

Fees, limits and who can open it

monthly fee

$0

interest paid

monthly

interest calculated

daily

age

ages 14 and over

open to

personal customers

linked account

a linked transaction account with the same bank is required

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

• Be registered for Online and Telephone Banking.
• To open a Westpac eSaver account, you must hold a Westpac everyday account. Fees and charges apply on a Westpac everyday account.
• residency: Those with an Australian residential address and who are currently in Australia.

About this account

Westpac eSaver makes saving a breeze. You'll get an introductory interest rate and online access to your money whenever you need it.

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: esaver, 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
• Bump Savings savings account, 5.55% conditional 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
• 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.