Important disclosure
Bump Account
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
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 |
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 $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 |
- 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.