Bankwest is an Australian challenger bank offering three savings accounts with distinct target audiences. The Hero Saver is the flagship product, paying a competitive bonus rate when your account balance grows month over month — there's no minimum deposit amount specified, any net growth in the calendar month (excluding interest) qualifies, and Bankwest limits customers to one Hero Saver account each. The Easy Saver account is available to customers aged 16 and over, with an introductory rate and an ongoing rate made up of a base rate and a bonus rate, though bonus rates are offered selectively and conditions apply. The Retirement Advantage Account is restricted to customers aged 55 and over and pays a modest rate.
Deposits with Bankwest are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.