Money / Banks
Westpac
What Westpac publishes about its products under the Consumer Data Right, as at 17 October 2026. For current details, check Westpac's own website.
Savings and transaction accounts
Rates for a $10,000 balance. Compare with other banks.
| Account | If you miss the conditions | Bonus | With the bonus | What you have to do |
|---|---|---|---|---|
| Bump Savings | 1.75% | 3.55% | 5.30% |
Up to age 17 In the bank's wordsAccount balance must not fall below $0 at any time. Make at least one eligible deposit. Interest paid into the account doesn?t count. Account balance on the last business day of the month is higher than the account balance on the last business day of the previous month. Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month. |
| Business Cash Reserve Savings | 0.55% | – | 0.55% | No bonus |
| Business Premium Cash Reserve | 0.01% | – | 0.01% | No bonus |
| Cash Investment Account | 1.20% | – | 1.20% | No bonus |
| Community Solutions Cash Reserve | 0.55% | – | 0.55% | No bonus |
| Westpac 55+ and Retired | 1.95% | – | 1.95% | No bonus |
| Westpac eSaver | 1.25% | 0.55% | 1.80% |
In the bank's wordsFixed online bonus rate for the first 5 months for opening online. Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month. Balances, including deposits made on or after the last business day of the month, won't count towards that month's interest but will count for the next month's interest. New accounts: an extra 3.80% for 5 months |
| Westpac Life | 0.10% | 5.15% | 5.25% |
In the bank's wordsBe aged 18-40 with a Westpac Life and Westpac Choice account in your name (Joint accounts are not eligible and only one Spend&Save offer applies per customer). If you have multiple Westpac Life accounts, only the earliest opened account is eligible for bonus interest. Make at least 20 eligible purchases with the Debit Mastercard� linked to your Westpac Choice account. Purchases must be settled (not pending) by 11:59pm Sydney time on the second last business day within a month. Offer may be varied or withdrawn at any time. |
Term deposits
The rate for $10,000 (or the smallest deposit it takes). Compare with other banks.
| Product | 3 months | 6 months | 12 months | 24 months | Smallest deposit |
|---|---|---|---|---|---|
| Business Term Deposit | 3.25% | 3.40% | 5.20% | – | $5,000 |
| Farm Management Deposit account | 3.25% | 3.40% | 4.75% | 4.50% | $1,000 |
| Term Deposit | 3.25% | 3.40% | 5.20% | – | $5,000 |
Home loans
Owner-occupier, principal and interest, borrowing 80% of the home's value. Compare with other banks.
| Loan | Variable | Comparison |
|---|---|---|
| Fixed Rate Home Loan | – | – |
| Flexi First : Our lowest online variable home loan rate (Owner Occupied) | 6.34% | 6.35% |
| Flexi First Option Home Loan - Veterans | 3.25% | – |
| Rocket Loan : Variable Home Loan with Offset (Owner Occupied) | 6.74% | 7.11% |
| Sustainable Upgrades Home Loan | 4.74% | 4.74% |
Credit cards
| Card | Purchases | Annual fee | Owing $2,000 |
|---|---|---|---|
| Altitude Black Rewards World Mastercard | 23.98% | $75 | $555 |
| Altitude Business Gold | 20.24% | $150 | $555 |
| Altitude Business Platinum | 20.24% | $200 | $605 |
| Altitude Qantas Black | 23.98% | $155 | $635 |
| Altitude Qantas Platinum | 23.98% | $125 | $605 |
| Altitude Rewards Platinum | 23.98% | $75 | $555 |
| Altitude Velocity Black | 23.98% | $155 | $635 |
| Altitude Velocity Platinum | 23.98% | $125 | $605 |
| BusinessChoice Everyday | 14.25% | $75 | $360 |
| BusinessChoice Rewards Platinum | 20.24% | $150 | $555 |
| Low Fee Card | 20.99% | $30 | $450 |
| Low Rate Card | 13.74% | $84 | $359 |
| Westpac Lite Card | 9.90% | $108 | $306 |
Other products in these groups
These don't list rates we can show in a table (for example, accounts that pay no interest).
- Bank account with debit card for Students and young adults Savings and transaction accounts
- Bridging Home Loan Home loans
- Business One Savings and transaction accounts
- Business One - Negotiator Plan Savings and transaction accounts
- Business One - Plus Savings and transaction accounts
- Community Solutions One Savings and transaction accounts
- Flexi First : Our lowest online variable home loan rate (Investor) Home loans
- Foreign Currency Term Deposit Term deposits
- Premium Options Home Loan Home loans
- Rocket Loan : Variable Home Loan with Offset (Investor) Home loans
- Sustainable Upgrades Investment Loan Home loans
- Variable Rate Investment Property Loan Home loans
- Westpac Choice Savings and transaction accounts
- Westpac Choice for concession holders Savings and transaction accounts
- Westpac Choice for migrants Savings and transaction accounts
- Youth Bank Account and Debit Card Savings and transaction accounts
Rates changed on 832 products since 12 October 2026. Each one is marked "changed" below.
General information, not advice. This shows what banks publish. It doesn't recommend any product, and the order of a table is not a ranking. Rates change, so check the bank's own page for current details before you decide anything.
Source: Westpac product data, published under the Consumer Data Right, as at 17 October 2026. Every product name links to its page at Westpac, which has the current details.