Westpac

Bonus interest is payable each month that you: Make a deposit to the account; ensure your account balance is higher at the end than the beginning; and keep your account balance above $0 at all times.

Westpac Life Variable Bonus Rate : To earn the variable bonus interest you must make a deposit to your Westpac Life account, ensure the account balance is higher at the end than the beginning of the month and keep the account balance above $0. Interest is calculated on the daily balance of your Westpac Life account and paid on the last business day of the month.

+0.75% — Spend&Save bonus variable interest: You must be aged 18-34 with a Westpac Life and a Westpac Choice account. Joint accounts are not eligible. If you have multiple Westpac Life accounts, only the earliest opened account is eligible for bonus interest qualification. You must make 20 eligible purchases with the debit card linked to your Westpac Choice account and have these settled (not pending) by 11:59PM AEST on the second last business day within a calendar month. The following transactions are ineligible: ATM transactions, PayID, BPAY, EFTPOS cash-out only transactions, direct debits and paying off a credit card account. For bonus interest qualification, a month is the period from close of business on the last business day of the prior month to close of business on the last business day of the current month. Bonus interest is calculated on the daily balance of your eligible Westpac Life account up to $30,000, and recorded as paid into your eligible Westpac Life account on the last business day of the month. Only one Spend&Save bonus variable interest offer per customer. The bonus interest will appear on your Life account statement as INTEREST PAID ? PROMOTIONAL. It will also appear in Online Banking and the Westpac App in the Account details section for your Westpac Life account as Promotional rate.

No conditions

Then reverts to 1.00% ongoing rate.