Simple Saver
The name says it all. This no-fuss savings account gives you the same competitive interest rate, whatever your balance. And your first manual or electronic withdrawal each month is free.
The name says it all. This no-fuss savings account gives you the same competitive interest rate, whatever your balance. And your first manual or electronic withdrawal each month is free.
See our ‘Rates' and 'Fees’ tabs for more.
Remember, all deposits are free with your Simple Saver. Plus you get one free withdrawal a month (manual or electronic). If you do need to make other withdrawals or transactions, it’s cheaper to do it online than in the branch. ($1 compared to $3 per transaction).
Simple Saver - Interest rates | |
Interest is calculated daily, and the same rate applies whatever your balance. | |
Tier | Rate |
---|---|
All balances | 0.05% p.a. |
Simple Saver - Fees | |
Service fees still apply. | |
Fee type | Fee amount |
---|---|
Account maintenance fee All balances |
Free |
All deposits Including ATM's |
Free |
First withdrawal (whether manual or electronic) each month | Free |
Electronic withdrawals First manual or electronic withdrawal each month is free. EFTPOS, Westpac ATM transfers and withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, funds transfer, phone banking payments |
$1 per transaction |
Manual withdrawals First manual or electronic withdrawal each month is free. Cheques and withdrawals at a Westpac branch |
$3 per transaction |
For other types of fees that could apply to this account (e.g dishonour fees, or international payments), you can find our fees in this section.
There are no monthly account or transaction fees charged for under 19 year olds.