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Life

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*Make a deposit to the account each month and ensure your account balance is higher at the end than the beginning

Customise your savings account summary by entering your details:

Life Pros and Cons

Pros:
  • Has branch access
  • Has no ongoing fees
  • Has no minimum balances
Cons:
  • Must satisfy conditions

Features

Fees

Compare and review savings accounts with similar features

Saving Fees
Phone transaction fee
Phone transaction fee
$0
Phone transaction fee
$0
Phone transaction fee
$0
Phone transaction fee
$1
Eftpos fee
Eftpos fee
$0
Eftpos fee
$0
Eftpos fee
$0
Eftpos fee
$1
Overseas eftpos fee
Overseas eftpos fee
$2
Overseas eftpos fee
$0
Overseas eftpos fee
$0
Overseas eftpos fee
$5
Over the counter withdrawal fee
Over the counter withdrawal fee
$0
Over the counter withdrawal fee
$0
Over the counter withdrawal fee
$0
Over the counter withdrawal fee
$3
Atm withdrawal fee
Atm withdrawal fee
$0
Atm withdrawal fee
$0
Atm withdrawal fee
$0
Atm withdrawal fee
$1
Saving Rates
Maximum rate
Maximum rate
2.55%
Intro 4 months then 2.10%
Maximum rate
3.05%
Intro 4 months then 1.80%
Maximum rate
3.10%*
Intro 4 months then 1.40%
Maximum rate
2.40%*
Base rate
Base rate
2.10%
Base rate
1.80%
Base rate
1.40%
Base rate
0.01%
Saving Features
Account type
Account type
Account type
Account type
Account type
Has atm access
Has atm access
Has atm access
Has atm access
Has atm access
Has eftpos facility
Has eftpos facility
Has eftpos facility
Has eftpos facility
Has eftpos facility
Has phone facility
Has phone facility
Has phone facility
Has phone facility
Has phone facility
Has branch access
Has branch access
Has branch access
Has branch access
Has branch access
Minimum age restrictions
Minimum age restrictions
13
Minimum age restrictions
16
Minimum age restrictions
18
Minimum age restrictions
Minimum opening deposit
Minimum opening deposit
$0
Minimum opening deposit
$0
Minimum opening deposit
$0
Minimum opening deposit
$10
Linked account required
Linked account required
Linked account required
Linked account required
Linked account required
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Westpac savings account options include eSaver and Reward Saver, neither of which incur a monthly service fee. The eSaver account offers bonus interest for the first five months. Reward Saver has a base rate of 0.01 per cent, but pays bonus interest in any month that you deposit at least $50 and make no withdrawals. Westpac also offers term deposits, home loans, credit cards, car loans, personal loans, insurance, superannuation, financial planning and investment services. Westpac is Australia’s first and oldest bank, having begun life in 1817 as the Bank of New South Wales.

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