Bankwest Savings Accounts

Bankwest offer a number of different savings account options to help you save money. BankWest first opened as the Agricultural Bank of Western Australia in 1895, and had been established to assist WA’s farming industry. It wasn’t until 1945 that Bankwest became a trading bank and changed its name to Rural and Industries Bank of Western Australia. Through to 2008 the bank continued to grow and it was then acquired by the Commonwealth Bank Group.

Bankwest Home Loan 1% Lower than the big 4 banks

Savings Account	Account Details	Intro Rate p.a.	Variable Rate p.a.	Intro Period p.a.	Fees	Min Balance and Min Deposit
Bankwest Ratetracker Home Loan	Home Loan rate for 2 years 1% lower than the big 4 banks	5.63%	5.63%	-	$0	$0 per month

Bankwest High Interest Savings Account

Savings Account	Account Details	Intro Rate p.a.	Variable Rate p.a.	Intro Period p.a.	Fees	Min Balance and Min Deposit
Bankwest TeleNet Saver	5.62% p.a. for 12 months, longest promo rate on the market.	5.62%	4.00%	1.62% for 12 months.	FREE	$0 – $5m maximum investment

Bankwest TD Direct Term Deposit Accounts

Term Deposit	1 mth	3 mth	4 mth	6 mth	9 mth	12 mth	24 mth	Min and Max Deposit
Bankwest Term Deposit	-	3.61%	-	5.01%	-	5.60%	-	$1,000 – 5m

BankWest is a safe choice for your savings accounts:

·       Being owned by the Commonwealth Bank of Australia, BankWest is part of one of Australia’s largest leading financial services providers.

·       In Western Australia BankWest is a market leader and holds around one quarter of all bank advances and deposits in the state.

·       Serves more than 900,000 customers, offering online banking, telephone banking services and branch access.

You’ll Be Rewarded by the Awarded BankWest

BankWest has won a number of independently and consumer judged awards. BankWest’s accolades include:

·        2008 Bank of the Year, Australian Financial Review Smart Investor Blue Ribbon Awards.

·        2008 Lender of the Year, Mortgage Finance Association of Australia Excellence Awards.

·        2008 Regional Bank of the Year, Australian Banking & Finance Magazine Awards.

·        2008 Money Magazine Gold Award for the TeleNet Saver, Regular Saver, BankWest tddirect, Kids’ Bonus Saver, Hero Transaction Account and Zero Mastercard.

·        The TeleNet Saver account was awarded Money Magazine’s Best Online Savings Account for the last four years, in 2006, 2007, 2008 and 2009.

Choose the Best BankWest Savings Account

BankWest has such a range of savings accounts that you don’t have to settle for one with most of the features you want, when you are able to find a BankWest savings account which has all of the features which are just right for you.

How your savings needs match a BankWest savings account:

·        You want to teach your children to save, and to learn financial responsibility and independence. At BankWest you can choose the Kids’ Bonus Saver account which was awarded Money Magazine’s Best Kids’ Saving Account Award in 2007, 2008 and 2009. Children under the age of 15 can enjoy no monthly account fees and a high bonus interest rate of 6.00% when they make no withdrawals.

·       You want to lock away your savings to ensure a great return. BankWest has a range of term deposit accounts which allow you to choose a term of three, six or 12 months to invest on a guaranteed interest rate, with a guaranteed return. BankWest term deposits require just a $1,000 initial investment and you can watch the progress of your investment through online banking.

·        You want to lock away your savings for a great return, but also be covered in an emergency. BankWest know that locking your savings away in a term deposit can be daunting so they also offer an Early Release Term Deposit account which offers you a guaranteed interest rate for 12 months, and no penalties if you need to access your funds early.

·        BankWest makes online savings easy. BankWest have a range of online savings accounts, which offer you the freedom and flexibility to deposit and withdraw from your savings online or over the phone whenever you have the time, not whenever you can find the time to make it to a branch. Online savings accounts are also able to offer high interest and low or no fees, keeping your savings out of sight and out of danger of being spent prematurely, but still earning great returns, for little to no effort on your part.

Compare BankWest Transaction Accounts Which Meet Your Needs

When you choose a transaction account, you need to make sure you are opening the account which will suit the way you use your money, now and into the future. Before you open a transaction account which penalises you for the way you like to spend and save, make sure you compare the everyday accounts on offer from BankWest, who know all about catering to the varying spending habits of Australians, and so offer nine different transaction accounts.

Benefits of BankWest transaction accounts:

·      Everyday banking can be done at more ATMs. Since BankWest was acquired by Commonwealth Bank, BankWest customers now have access to the largest ATM network in Australia with over 4,000 ATMs to choose from. With more ATMs and less need to use a foreign ATM your everyday account is now easier to access.

·      A transaction account which rewards you the more you use it. BankWest’s Hero Transaction account offers you a high interest rate of 2.50% on all balances over $5,000, and will charge you no monthly account or transaction fees as long as you deposit just $2,000 each month – this is as simple as having your salary deposited into your transaction account.

·       Pay with plastic from your everyday transaction account. BankWest offers the option to link a Debit MasterCard to your chosen transaction account to give you the security of not having to carry cash, with the responsibility of spending only your own money.

·       Children and students can have easy and affordable access to their funds too. The fee free Children’s Savings account helps kids get into the habit of regular saving, and this account can be linked to the high interest Kid’s Bonus Saver. For students at TAFE, university or school you can choose the Student Account which has no transaction fees, unlimited electronic transactions and access via a Debit MasterCard.

·       Pensioners are rewarded with an easy to use and affordable transaction account. The BankWest Reward Pension Saver account can help you protect your savings from the changing financial situations, while offering you a cheque book to use with the account and four free over the counter withdrawals a month, and two free cheque withdrawals each month.

BankWest is part of one of Australia’s Big Four Banks, and they have used this strength to offer more products and better services to their customers, by ensuring easier ATM access and low or no fees on savings and transaction accounts. All you have to do is compare the BankWest savings and transaction accounts here at Savings Account Finder, and match the features to your financial lifestyle.

Bankwest Smart eSaver
If you make no withdrawals with this account each month you will get 4.50% p.a., if you make a withdrawal you will earn 3.50%. The Bankwest Smart eSaver account offers one of the highest savings account rates in Australia each month no witdrawals are made. Perfect for reaching your savings goals faster.