Source: https://www.westpac.com.au/personal-banking/bank-accounts/sa…
Description adapted from previous post, credit to @aznhy01
Earn up to 3.50% p.a. on your savings
How your interest adds up | Percentage |
---|---|
Standard + Bonus interest on your Life account savings | 2.35% p.a. |
Spend&Save bonus interest each month debit card is used 5+ times | 1.15% p.a. |
Total interest including bonuses | 3.50% p.a. |
All rates are variable and subject to change. The Spend&Save bonus applies to eligible card purchases only and to balances held in Life accounts up to $30,000. The 1.15% bonus does not apply to savings above that balance.
Monthly fees & rates
Westpac Life savings account: $0
Westpac Choice bank account: $5 (criteria for fee waiver below)
This fee is waived for:
- Customers that deposit at least $2,000 each month
- Customer under the age of 30 or full-time tertiary students
- Australian Pensioner Concession or Health Care Card holders
- New to Australia or expatriate customers (for the first 12 months).
Why are bank allowed to discriminate on age.