In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Bankwest Easy Saver account

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Updated
Fact checked
Bankwest Easy Saver
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Maximum variable rate
5.35% p.a.
Base interest rate
4%p.a.

Our verdict

Earn 5.35% p.a. for the first 4 months then 4% p.a. ongoing, with no conditions to meet.

This account could suit you if you’re looking for a decent return on your savings but you don’t want to worry about meeting any ongoing conditions. You’ll get 5.35% p.a. for the first 4 months then an ongoing rate of 4% p.a. after that.

The ongoing 4% p.a. rate is a bit lower than what you could get elsewhere, but there are no conditions to meet! Balances of $250,001 and higher will get a lower 4-month variable rate of 4.75%, followed by an ongoing rate of 2.00%.

Pros

  • Maximum variable rate of 5.35% p.a. (base rate 4% p.a.)
  • Earn interest on balances up to $250,000.99
  • Make withdrawals and still be eligible for interest

Cons

  • The bonus rate is only for the first 4 months

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

The Bankwest Easy Saver account offers an introductory bonus rate of 5.35% p.a. for new account holders for the first 4 months after opening the account. After the introductory period ends, the rate will revert to the standard variable rate, currently 4% p.a.

Note that the interest you can get with this account is lower if your balance is $250,001 or higher. In this case you get a 4-month introductory rate of 4.75% and then an ongoing rate of 2.00% after that.

There are no monthly deposit conditions to meet and you can make withdrawals at any time while still being eligible for interest.

Details

Key details

Product Name Bankwest Easy Saver
Maximum Variable Rate 5.35% p.a.
Standard Variable Rate 4.00% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 16

Key features

Introductory bonus rate of 5.35% p.a.

New customers will earn a bonus interest rate of 5.35% p.a. for the first 4 months after opening the account. You can earn this rate on balances up to $250,000.99.

This bonus rate is not available if you've had the bonus rate on an Easy Saver account in the last two years.

Lower rates for larger balances

For balances of $250,001 and higher you will get a 4-month variable rate of 4.75%, followed by an ongoing rate of 2.00%.

Ongoing interest rate of 4% p.a.

After the 4 month period ends the rate will revert to the standard variable rate, currently 4% p.a. You can earn this rate on balances up to $250,000.99.

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How to apply

Eligibility

Check first to make sure that you are able to meet the eligibility requirements:

  • Personal account. This account is only for individual use, not joint holders, companies or SMSFs
  • Age. You need to be aged 16 years or older
  • Address. You must have a valid Australian residential address
  • Existing account. If you already have an Easy Saver account, you will not be permitted to open another.
Go to siteMore info

Compare other savings accounts

1 - 11 of 184
Updated regularly
Name Finder Score Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Rabobank PremiumSaver
Rabobank logo
Finder score
9.6 Excellent
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
  • Balances up to $250,000
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Suncorp Bank Growth Saver Account
Suncorp Bank logo
Finder score
9 Excellent
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
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Ubank High Interest Save Account
Ubank logo
Finder score
9.7 Excellent
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
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ING Savings Accelerator ($150,000 - $500,000)
ING logo
Finder score
8.7 Great
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
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Macquarie Savings Account
Macquarie Bank logo
Finder score
9.2 Excellent
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
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Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Finder score
8 Great
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
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ING Savings Maximiser
ING logo
Finder score
9.7 Excellent
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
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IMB Reward Saver Account
IMB logo
Finder score
6.1 Standard
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
 Earn up to 3.25% p.a. after the introductory period ends.
First Option Bank Savings+Bonus Account
First Option Bank logo
Finder score
8.7 Great
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
  • Balances up to $249,999
Go to siteView details
Bankwest Easy Saver
Bankwest logo
Finder score
7.6 Great
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000.99
Go to siteView details
BCU Bonus Saver
BCU logo
Finder score
3.3 Basic
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
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Showing 11 of 11 results
Sources
  1. Bankwest Easy Saver account information page
  2. Bankwest Easy Saver account TMD

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Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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