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- Bump Account
Bump Account
- 2024 Award Winner
- Cashback
- Bonus interest with conditions
- App banking
- Online banking
- Linked account required
Cashback
Get $50 Cash when you deposit $100 into your savings accounts within 30 days. T&Cs apply.
If you’ve never had a Westpac Bump Savings and/or Westpac Choice transaction account before: 1. Open a Bump account and/or a Choice account so that you’ve got one of each 2. Deposit at least $100 into Bump Savings within 30 days of the new account(s) being opened 3. We’ll deposit $50 into your Choice account.
Maximum rate p.a.
5.00%*
Base rate p.a.
2.00%
Bump Account
- 2024 Award Winner
- Cashback
- Bonus interest with conditions
- App banking
- Online banking
- Linked account required
Maximum rate p.a.
5.00%*
Base rate p.a.
2.00%
Pros and Cons
For Bump Account
Benefits
- Maximum interest rate ranked in the best 20% (conditions may apply)
- Ongoing bonus interest (conditions apply)
- No ongoing account fees
- No minimum balance
- Winner of Best Kids Savings Account, RateCity Gold Awards 2024
Drawbacks
- Only available with linked transaction account
Westpac Rate Savings Account overview
For Bump Account
Account Details
Maximum rate p.a.
5.00%*
Minimum age restrictions
0
Base rate p.a.
2.00%
Maximum age restrictions
18
Maximum rate condition
*End the month with a higher balance and ensure...
Minimum opening deposit
$0
Interest calculation method
Whole Balance
Target Market Determination
Visit Westpac Banking Corporation Ltd to view Target Market Determination.
Features
Joint application available
Is online only
Linked account required
Methods of Access
Internet facility
ATM access
Phone facility
Eftpos facility
Branch access
App
App only
Fees
Account keeping fees
$0
Eftpos fee
$0
ATM withdrawal fee
Overseas eftpos fee
$0
Internet transaction fee
$0
Over the counter deposit fee
$0
Phone transaction fee
$0
Over the counter withdrawal fee
$0
