Important disclosure

Westpac Banking Corporation Ltd

Bump Account

Real Time Rating™

  • 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.

2024 Award Winner

Maximum rate

5.00%*

p.a

Base rate

2.00%

p.a

Real Time Rating™
Tags
  • Bonus interest with conditions
  • App banking
  • Online banking
  • Linked account required
Maximum rate

5.00%*

p.a

Base rate

2.00%

p.a

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

5.00%*

p.a

Minimum age restrictions

0

Base rate

2.00%

p.a

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

Methods of Access

Internet facility

ATM access

Phone facility

Eftpos facility

Branch access

App

App only

Fees

Eftpos fee

$0

ATM withdrawal fee

$0

Overseas eftpos fee

$0

Internet transaction fee

$0

Over the counter deposit fee

$0

Phone transaction fee

$0

Over the counter withdrawal fee

$0

Specials
  • 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.

Promoted savings accounts

Promoted

Kids Bonus Saver < 18

Real Time Rating™
  • Bonus interest with conditions
  • App banking
  • Online banking

*Deposit at least $5 per month and make no withdrawals

special

Deposit a minimum of $5 per month (pocket money!) without making a withdrawal and earn bonus interest up to 5.55% p.a. on balances up to $5,555.
Maximum rate

5.55%*

p.a

Base rate

0.05%

p.a

Promoted

Clancy Koala Account

Real Time Rating™
  • Bonus interest with conditions
  • App banking
  • Online banking

*Deposit at least $10 a month and make no withdrawals

Maximum rate

5.00%*

p.a

Base rate

0.01%

p.a

Promoted

Cubs (under 12 years)

Real Time Rating™
  • App banking
  • Online banking
Maximum rate

3.00%

p.a

Base rate

3.00%

p.a

Promoted

Super Saver

Real Time Rating™
  • App banking
  • Online banking
Maximum rate

4.00%

p.a

Base rate

4.00%

p.a