Savings account

Westpac eSaver

Current savings rate from Westpac. Compare the ongoing rate, bonus conditions, introductory offers, and eligibility in one place.

Westpac eSaver

View on bank website ↗ 14+
1.25% p.a.
ongoing rate
Rate breakdown
Base rate: 1.25%
How to earn it
Introductory rate
4.80% for 5 months

Then reverts to 1.25% ongoing rate.

Rate current since 15 Jun 2026.

Rate History

The Westpac eSaver rate has changed 2 times since we started tracking on 2 Jun 2026. Current rate: 1.25% p.a. — High: 1.70%, Low: 1.25%.

From To Ongoing rate p.a.
15 Jun 2026 1.25% Current
3 Jun 2026 15 Jun 2026 1.70%
2 Jun 2026 3 Jun 2026 1.25%

What to know

This page focuses on the ongoing rate: 1.25% p.a. That is the rate after any honeymoon period ends.

Note: The introductory rate of 4.80% p.a. applies for 5 months only. After that it drops to the ongoing rate of 1.25% p.a., which is below most competitive savings accounts. Consider comparing ongoing rates before committing.

Eligibility: minimum age 14 .

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The information on this page is general in nature and does not constitute financial advice. Rates are subject to change — verify directly with the provider before making a financial decision.

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