Westpac Life Account. A savings account that lets you create and manage multiple goals within a single account. Westpac eSaver. A high interest savings account with immediate access via Telephone Banking and Online Banking.
Westpac Life could help you reach your savings goals sooner by earning bonus interest every month you save.
Why open a Life account?
- Split your savings into different goals
Saving for more than one thing? With our handy Savings Goals feature 2 you can bucket your savings into up to 6 different goals with just the one account.
- Give your savings an easy boost
Earn up to 0.40% variable interest, including a 0.20% standard variable base rate on all your savings plus 0.20% variable bonus rate each month you grow your balance. 1
- Keep your spending and savings separate, but visible in one view
It’s easy to keep tabs on both your accounts in one simple screen with our mobile banking app.
Get up to 3% p.a. variable interest on your savings
For 18-29-year olds
When you grow your savings with a Westpac Life account and make 5 eligible purchases with a debit card linked to your Choice account each month
This is made up of 0.20% p.a. variable base rate + 0.20% p.a. variable bonus for saving each month + 2.60% p.a. Spend&Save bonus for spending 5 times. Applies to the first $30,000 in your Westpac Life savings account. After this amount you’ll earn 0.40% p.a. variable interest. Open now
Get rewarded for saving small and often
You can still earn bonus interest even if you’re only able to save a small amount, so long as you’ve grown your balance by the end of the month.
Set up to 6 Savings Goals
Set up to 6 different goals in just the one account. You can change the savings amount, date and category across all your goals and adjust them at any time.
Put your savings on autopilot
Make it easy by setting up a regular transfer from your everyday transaction account every payday that automatically splits your savings across your goals.
Track your progress
You can keep tabs on your progress whenever you want in our mobile banking app. Just tap on each of your savings goals to see how you’re doing and how much you should be saving to reach your goal in time.