Westpac eSaver

Saving money has many advantages. If you save money you will not only increase your worth but if you are able to show you are able to save you will be looked upon favourably when you apply for a home loan. If you are trying to save money then you should look at savings accounts. The savings accounts will help you save more money because you will earn interest on your funds. The Westpac eSaver is a savings account offered by the Westpac Bank which comes with many features that will help you save.

Features of the Westpac eSaver

• Savings account. The Westpac eSaver is a savings account that will help you save money. The savings accounts allow you to save more money than you would have previously been able to because you will earn interest on any funds in the account.
• Paperless estatements. You are able to do your part for the environment if you use the Westpac eSaver by getting online statements instead of the paper option.
• Introductory rates. The Westpac eSaver comes will high introductory interest rates for the first 4 months of the account. For the first 4 months you will receive an interest rate that is 1.75%p.a. above the regular rate.
• High ongoing rates. After the introductory period is over you will still be able to save a lot of money. The ongoing interest rates offered with the Westpac eSaver accounts are 4.25%p.a.
• Calculated daily paid monthly. The interest that is charged to your savings account will be calculated daily and paid monthly. This means that you will still get interest from funds that are not in the account for the whole month.

Fees on the Westpac eSaver Account

• Online banking. If you use the online banking feature that is offered with the Westpac eSaver account you will not be charged any fees.
• Telephone banking. If you use the telephone banking feature that is offered with the Westpac eSaver account you will not be charged any fees.
• Dishonour cheques. If the balance of your savings account falls below the required amount then you will be charged a dishonour fee. If you are charged a dishonour fee then you will be charged $9.
• Periodical payment not made fee. If the periodical payment that is required is not made then you will be charged a periodical payment not made fee of $9.
• Account overdrawn fee. Furthermore, if you overdraw the account then you will be charged a fee. This fee will go towards rectifying the additional administration that the account receives when over drawn. The account overdrawn fee will be $9.

If you are looking to save money fast then a savings account is your best option. The Westpac eSaver account will allow you to deposit your savings into the account and earn interest from them. The Westpac eSaver will help you save faster as you will be able to earn money from the funds that may have been unused. The Westpac eSaver account will offer you a high interest rate when you first sign up so you can maximise the amount you will earn. Furthermore, the Westpac eSaver has a high ongoing rate so you will continue to save as much money as possible.