Bankwest

Challenger
www.bankwest.com.au ↗

Bankwest 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

5.10% p.a.
ongoing rate
Rate breakdown
Base rate: 0.65%
Bonus rate: + 4.45%
How to earn it

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.

Rate current since 19 May 2026.
5.00% p.a.
ongoing rate
Rate breakdown
Base rate: 5.00%
How to earn it
No conditions
Introductory rate
5.75% for 4 months

Then reverts to 5.00% ongoing rate.

Rate current since 19 May 2026.