BankWest considers high-interest online account

BankWest is about to launch a high-interest online savings account as part of its planned push into eastern Australia. The suggestion that it will be “best of breed” means it will have to top the likes of Citibank’s 5.4 per cent, ING Direct's 5.25 per cent and Bank of Queensland's 5 per cent cash management account. BankWest plans to open around five bank branches in Sydney and one in Melbourne.