Important disclosure

Westpac Banking Corporation Ltd

Westpac Life - 18 to 29 years old

Real Time Rating™

  • Bonus interest with conditions
  • App banking
  • Online banking
  • Linked account required

2024 Award Winner

Maximum rate

5.20%*

p.a

Base rate

2.00%

p.a

RateCity says

“Accelerate your savings with this competitive interest rate savings account available to savers aged 18 to 29.”

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

5.20%*

p.a

Base rate

2.00%

p.a

Pros and cons

For Westpac Life - 18 to 29 years old

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 Savings Account Young Adults, RateCity Gold Awards 2024

Drawbacks

  • Only available with linked transaction account

Westpac Rate Savings account overview

For Westpac Life - 18 to 29 years old

Account Details

Maximum rate

5.20%*

p.a

Minimum age restrictions

18

Base rate

2.00%

p.a

Maximum age restrictions

29

Maximum rate condition

*Make a deposit and make 5+ purchases on your W...

Minimum opening deposit

$0

Interest calculation method

Tiered

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

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