Bankwest
ChallengerBankwest is an Australian challenger bank offering two savings accounts with distinct target audiences. The Easy Saver account is available to customers aged 16 and over, with an introductory rate of 7.35% and an ongoing rate of 6.55% made up of a 1.85% base rate and a 4.70% 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 0.05%.
Savings Accounts
Your total deposits for the month (excluding interest) must exceed your total withdrawals - i.e. your balance must grow during the month. No set minimum deposit amount.
Then reverts to 5.00% ongoing rate.