Hero Saver (Earn an ongoing variable rate of 1.85% p.a. for balances up to $250,000 minimum deposit of $200 excludes interest monthly with no withdrawals)

Variable Interest Rates: Popular Balances (p.a.)

Base Rate Max Rate
$1000+ 0.01% 1.85%
$5000+ 0.01% 1.85%
$10000+ 0.01% 1.85%
$20000+ 0.01% 1.85%

All customers that deposit $200 per month (excludes interest) and make no withdrawals will earn 1.85% Variable “Hero Rate” on balances up to $250,000.

  • 1.85% p.a. variable Hero rate on balances up to $250,000
  • Interest calculated daily and paid monthly

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  • No Account
    Keeping Fee
  • Internet
    Banking
  • Counter
    Service
  • Phone
    Banking
  • Atm
  • Required
    Linked Account

Account Details

Account Type
Online
Min. Opening Amount
$0.00
Min. Balance
$0.00
Monthly Account Fee
$0.00

Interest

All customers that deposit $200 per month (excludes interest) and make no withdrawals will earn 1.85% Variable “Hero Rate” on balances up to $250,000.
Interest Calculation Frequency
Daily
Interest Payment Frequency
Monthly
Interest Paid In Steps?

ATM & EFTPOS Fees

ATM Withdrawal Fee
-
ATM Balance Fee
-
Daily ATM Withdrawal Limit
-
EFTPOS Fee
-
Debit Card Replacement Fee
-

Fee Details

Service Fee Frequency
Fee Rebate Available
Balance Required for Fee-Free
$0.00
Interest is calculated daily and credited on the first business day of the new month. All customers that deposit $200 (excludes interest) or more per month and make no withdrawals will earn the 1.84% Variable “Hero Rate” on balances up to $250,000. The portion of balance over $250,000 but less than $5m will earn 0.01%. If the conditions are not met, interest will revert to the Variable Standard Rate in that month.

Online Savings Account Transactions

Cheque Deposit
Cheque Withdrawal
Direct Credit
Direct Debit
BPAY

Internet & Phone Fees

Phone Transaction Fee
$0.00
Internet Transaction Fee
$0.00
Free Electronic Trans. per Month
unlimited

Counter & Cheque Fees

Counter Deposit Fee
$0.00
Counter Withdrawal Fee
$0.00
Free Counter Trans. Per Month
n/a
Cheque Fee
$0.00
Cheque Dishonour Fee
$0.00
Debit Item Dishonour Fee
-

Overseas Access

Overseas ATM Facilities
Overseas ATM Balance Fee
$0.00
Overseas ATM Withdrawal Fee
$0.00
Overseas EFTPOS Fee
$0.00
OS Emergency Card Replacement
-
Foreign Transaction Fee
0.00%

Special Offer

Hero Saver is Bankwest’s fantastic new savings product. It offers one of our highest savings rates and makes reaching your savings goal easier.

  • 1.85% p.a. variable Hero rate on balances up to $250,000
  • Interest calculated daily and paid monthly
  • No monthly account fees
  • No transaction fees
  • Limit of one account per customer

Hero Saver (Earn an ongoing variable rate of 1.85% p.a. for balances up to $250,000 minimum deposit of $200 excludes interest monthly with no withdrawals)

Variable Interest Rates: Popular Balances (p.a.)

Base Rate Max Rate
$1000+ 0.01% 1.85%
$5000+ 0.01% 1.85%
$10000+ 0.01% 1.85%
$20000+ 0.01% 1.85%

All customers that deposit $200 per month (excludes interest) and make no withdrawals will earn 1.85% Variable “Hero Rate” on balances up to $250,000.

No Account Keeping Fee
Internet Banking
Counter Service
Phone Banking
Atm
Required Linked Account

Top Features

  • 1.85% p.a. variable Hero rate on balances up to $250,000
  • Interest calculated daily and paid monthly
+ Show All Benefits

More Information

Account Type Online
Min. Opening Amount $0.00
Min. Balance $0.00
Monthly Account Fee $0.00
Cheque Deposit
Cheque Withdrawal
Direct Credit
Direct Debit
BPAY
All customers that deposit $200 per month (excludes interest) and make no withdrawals will earn 1.85% Variable “Hero Rate” on balances up to $250,000.
Interest Calculation Frequency Daily
Interest Payment Frequency Monthly
Interest Paid In Steps?
Phone Transaction Fee $0.00
Internet Transaction Fee $0.00
Free Electronic Trans. per Month unlimited
ATM Withdrawal Fee -
ATM Balance Fee -
Daily ATM Withdrawal Limit -
EFTPOS Fee -
Debit Card Replacement Fee -
Debit Item Dishonour Fee
Counter Deposit Fee $0.00
Counter Withdrawal Fee $0.00
Free Counter Trans. Per Month n/a
Cheque Fee $0.00
Cheque Dishonour Fee $0.00
Debit Item Dishonour Fee -
Service Fee Frequency
Fee Rebate Available
Balance Required for Fee-Fre $0.00
Interest is calculated daily and credited on the first business day of the new month. All customers that deposit $200 (excludes interest) or more per month and make no withdrawals will earn the 1.84% Variable “Hero Rate” on balances up to $250,000. The portion of balance over $250,000 but less than $5m will earn 0.01%. If the conditions are not met, interest will revert to the Variable Standard Rate in that month.
Overseas ATM Facilities
Overseas ATM Balance Fee $0.00
Overseas ATM Withdrawal Fee $0.00
Overseas EFTPOS Fee $0.00
OS Emergency Card Replacement -
Foreign Transaction Fee 0.00%