Manage your investment cash flow or hold money for your next investment opportunity. Save and earn interest to help you reach your short and long term goals. At Bank First, we will launch Confirmation of Payee in the coming months. The first time that you qualify for cashback, we’ll send you an email to confirm that you have unlocked Everyday Extras. If you make a deposit in a currency that isn’t held in your account, then your money will be automatically converted and deposited as Australian dollars. Give us a call to find out more or visit your local branch to apply for a Term Deposit.
Instead the interest rate you receive may change depending on the amount you have in your savings account (e.g. 4.85% on balances up to $250,000 and 4.50% on balances up to $2,000,000). Unlike a term deposit, the flexibility of a high interest savings account may mean it’s easier to budget and manage emergency funds while still being able to accrue interest from your savings. We don’t charge fees to withdraw cash overseas or make international purchases. Other financial institutions, such as the banks of international merchants and international ATM operators, may charge you fees for these transactions.
This offer is not applicable to the Westpac Choice Concession account. For joint accounts, individuals must meet the eligibility criteria for the fee waiver to apply. Other fees and charges, terms and conditions apply to the Westpac Choice account. This offer may be repeated from time to time, withdrawn, varied, or extended at any time. Different interest rates apply to different investment amounts, terms and interest frequencies. Early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early.
Once you deposit $2,000 or more into your Everyday Global Account, you’ll qualify for 2% cashback on eligible tap and pay purchases under $100@accounts-2percent-cashback. This information does not take your personal objectives, financial situations or needs into account. You should consider its appropriateness to your circumstances before acting on this information.
What are the benefits of a high interest savings account?
We’ve made it quick and easy for you to renew, with no need to visit a branch. Manage your Term Deposit online choosing to renew or withdraw. No, it is only applied to Term Deposits opened or renewed online. To open or renew a Term Deposit online, you need to be a Westpac customer with a Choice account.
Westpac Life Goal Savings Account
The base rate of interest will be paid on the portion of any balance exceeding $500,000. Current interest rates are available in interest rates for personal deposit accounts. Each https://casinorangers.com/ customer can nominate a maximum of one Savings Maximiser account (either single or joint) to receive the additional variable rate (where eligible). You can check and change your nominated Savings Maximiser account via online banking or the ING mobile app. If no nomination is made, the additional variable rate (where eligible) will be applied to an account nominated by ING at its sole discretion.
- Fees and charges may apply on the everyday account, including a $5 monthly account-keeping fee.
- If you think you’ll need quick access to your money, then compare our savings accounts now.
- Access your funds prior to maturity by providing 31 days’ prior notice to redeem your account early (an interest adjustment and early payout fee apply).
- This is due to the Federal Government’s Financial Claims Scheme which guarantees deposits of up to $250,000 per account holder per authorised deposit taking institution (ADI).
- If you haven’t provided maturity instructions for your term deposit, subject to the terms and conditions, it will be automatically reinvested for the same term at the interest rate applicable on the date of maturity.
- Open a new Westpac Choice account online between 1 February 2024 and 30 September 2025 to have the monthly Account Keeping fee waived for the first 12 months.
Then, add your debit card to your mobile wallet and make one or more in-person, contactless payments that total at least $50. Determining what kind of saver you are may give you guidance into whether or not having multiple savings accounts will work for you. If your savings are less than $250,000 they will generally be safe in a high interest savings account. This is due to the Federal Government’s Financial Claims Scheme which guarantees deposits of up to $250,000 per account holder per authorised deposit taking institution (ADI). This means if the financial institution that’s holding your savings goes bankrupt, the government will reimburse you up to $250,000.
(Standard variable rate of % p.a. + additional variable rate of % p.a. on one eligible Savings Maximiser up to $100,000). Access your funds prior to maturity by providing 31days’ prior notice to redeem your account early (an interest adjustment andearly payout fee apply). Access your funds prior to maturity by providing 31 days’ prior notice to redeem your account early (an interest adjustment and early payout fee apply). These savings accounts are not available to business customers. Open a new Westpac Choice everyday account by 30 September 2025.
Certain rates do not qualify for additional bonus interest rates and are not available in conjunction with any other bonus or special interest rate offer. For Advance Notice Term Deposits, this applies to investment terms of 3, 4, 6, 9, 11 and 12 months, as well as all term lengths of greater than 12 months. For Term Deposits, this applies to investment terms of 3, 6, 9 and 12 months as well as all term lengths of greater than 12 months. It’s a great way to make those funds you don’t need to access on short notice, work even harder.
But keep in mind fees and charges will apply for early withdrawals and the account will incur an interest reduction in respect of the money withdrawn or transferred early. Please refer to the ANZ Saving & Transaction Products Terms and Conditions for further information. Any amounts above $100,000 are subject to the Savings Maximiser standard variable rate applicable at the time. If you do not satisfy the conditions to receive the additional variable rate, the standard variable rate applies. ING can change or withdraw the additional variable rate or the additional variable rate offer at any time with notice.