Earner Account

Earn interest while taking care of all your daily transactions. Just keep an average monthly balance of $5,000 or more – the greater your balance, the more interest you’ll earn. And, you’ll pay no fees.*

It's for you if:

  • you want to earn interest on your transaction account
  • you’re likely to keep an average monthly balance of $5,000 or more over your statement period
  • you're keen on reduced fees (no monthly account maintenance or transaction fees)

Highlights of the Earner Account

If your average monthly balance is $5000 or more:

  • you’ll earn tiered interest on your transaction account balance – so the higher the balance the higher the interest
  • you’ll pay no monthly account maintenance or transaction fees
  • you can set up Salary Splitter for free
Monitor your card spend in real time

CashNav is our new money management app that connects with your account to automatically track and categorise what you spend. Find out more

More features

  • an ATM/EFTPOS# card (or simply link this account to your existing card)
  • a cheque book (if you want one)
  • a Debit MasterCard®^ to shop online and overseas (you’ll need to apply)
  • automatic registration for phone banking and online banking
  • we protect your Earner Account with Westpac Online Guardian, our online security system. There are no special codes or gadgets to worry about, just a single username and password chosen by you
  • set up a Sweep to automatically move money out of your account and keep your transaction account at a certain level, so you'll always have enough to cover bills etc
  • set up Salary Splitter which can automatically divide your credits such as wages across up to six different Westpac accounts
  • set up automatic payments

Fees at a glance

You’ll pay no monthly account maintenance or transaction fees if you keep your average monthly balance at $5,000 or more.*

If your average monthly balance is less than $5,000, you’ll pay a $9.95 monthly account maintenance fee, plus electronic and manual transaction fees.


If you're paying fees on this account, it’s generally cheaper to do online transactions rather than at the branch or an ATM (40c compared to 80c).**


Earner Account - Interest rates
A transaction account that actually pays you interest once you have an average monthly balance of $5,000. The Earner Account pays more interest the more money you have in your account. Interest is calculated daily on your credit balance, at the appropriate interest rate for that tier. You will see the interest paid into your account at the end of each calendar month.
Tier Rate
Less than $4,999
0.00% p.a.
$5,000 < $19,999 0.10% p.a.
$20,000 < $49,999 0.10% p.a.
$50,000 < $99,999 0.15% p.a.
$100,000 and over 0.25% p.a.


Get your fees waived

With an Earner Account, you’ll pay no monthly account fees or transaction fees – as long as you maintain an average monthly balance of $5,000 or more.*

Earner Account - Fees
Service fees still apply.
Fee typeAverage monthly balance less than $5,000Average monthly balance of $5,000 or more
Account maintenance fee
$9.95 per month
Electronic transactions
EFTPOS, Westpac ATM transfers and withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments

Note: Any transactions or balance enquiries made at another bank's ATM will incur an additional $1 charge per transaction. 
40c per transaction
Manual transactions
Cheques, Westpac ATM deposits, deposits and withdrawals at a Westpac branch
80c per transaction

Other fees

For other types of fees that could apply to this account (e.g dishonour fees, or international payments), see our Fees section.