Bankwest Telenet Saver – A Savings Account That Combines High Rates And Online Banking Convenience
What happens when I click Apply Now?
- Clicking Apply will take you to your Online Application on the bank's website. You do not need to be a customer of this bank to apply.
- Your application will typically take you no more than 10-15 minutes to complete
- Tip: Have your Tax File Number ready as it will speed up your application.
- In most cases, your new savings account will be setup immediately after you apply.
Online banking is the wave of tomorrow.
Both customers and financial institutions benefit from the reduced cost of operating a bank over the Internet. While we may never be completely without brick and mortar banks, more and more banks are taking advantage of the web to offer services that cost less to operate. Because the bank has to spend less money to run their various investments and funds, they are able to trickle that money down to their clients in the form of better rates, terms, and benefits.
The Bankwest Telenet Saver is just this kind of savings account. They provide all of the convenience that you expect from an Internet account through web services that are available anywhere and any time. Gone are the days when you had to rush to the bank on your lunch hour or early Saturday morning to make a transaction. With advancements in technology, you can sit at a park on Sunday afternoon and access your financial institution from your smart phone. If you want to, you can get up in the middle of the night and shift money around between funds, all in your pyjamas from the comfort of your own home. Banking has gotten increasingly easier and cheaper to manage across the board.
Benefits Of The Bankwest Telenet Saver
Interest – The introductory interest rate for this web based fund is an incredible variable rate of 5.65% for 6 months. The standard rate remains a very competitive rate of 4.25%. Your money will earn profits quickly with these great rates, making the money you put away pay off before you know it. You can put up to 5 million dollars per customer in this fund, there are almost no limits to your earning potential.
Fees - This account does not just offer low fees, it has no fees at all. You do not have to spend one single dollar to start earning money on your hard-earned money. There are very few accounts available that actually wave all the fees, but that is the big benefit of doing business over the Internet, reduced costs pay off.
Terms – The problem you might think you will run into is that you do not have enough money saved to open this account, but trust that you do. There is no minimum deposit required so if you have fifty dollars, five hundred dollars, or fifty thousand dollars, the option is open to you.
Access – Like noted previously, you can access your money anytime through the Bankwest web site. If you are somewhere without an Internet connection, you can reach them by phone for all of your banking needs. You do not have to drive to any branch location during business hours, just do your banking when it suits your schedule by phone or on the web.
Getting high rates of return on your money is not a benefit only for the wealthiest Australians. Now that banks have opened up the power of the Internet, everyone can take advantage of these great opportunities. If you are just starting to build your financial profile or if you have been working away at it little by little, you can benefit from using this big money savings account. All you have to do is make the leap to the web and you will quickly see the big payoff in profits from your own money. Unlike some investments, the money will always be there whenever you need it so your risk is low even though the benefit is very high.
Read the official terms and conditions
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Top High Interest Savings Accounts
All of these accounts are FREE to open and require no minimum deposit. They all have easy internet banking access with no transaction fees.
| Savings Account | Account Details | Maximum Variable Rate p.a. | Standard Variable Rate p.a. | Bonus Interest p.a. | Fees | Min Balance/Min Deposit | |
|---|---|---|---|---|---|---|---|
 RaboDirect High Interest Savings Account | Limited time offer. Enjoy a leading rate on your savings. | 5.60% | 4.85% | 0.75% | $0 | $0 / $0 |
 
|
 UBank USaver | High ongoing rate plus if you deposit $200 monthly you receive a bonus 0.60% p.a, taking this up to an even higher rate. Open online. | 5.51% | 4.91% | 0.60% | $0 | $0 / $0 |
|
 HSBC Serious Saver | Enjoy an introductory variable rate for 4 months for balances up to $1,000,000. Limited time only! | 5.55% | 4.25% | 1.30% | $0 | $0 / $0 |
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