Savings account · 14+ years
Bankwest Hero Saver
5.35%p.a. total
0.10% base + 5.25% bonus when the conditions are met
50th of 151 savings accounts · market average 4.46%
The RBA raised the cash rate to 4.85% on 4 November. Hero Saver hasn't moved yet. After the September rise it moved 10 days later.
What the bonus asks
1 thing each month- Each month
- A balance that ends the month higher than it started
- A month without them
Pays the 0.10% base rate on the whole balance.
- Who can open it
Anyone 14 or over
- Balance
The bonus is paid on balances up to $250,001.
Rate history
Last change 10 Oct- Hero Saver
- RBA cash rate
- Market average
October 20261 change
- 10Sat
- 5.10 → 5.35Base 0.65% → 0.10%, bonus 4.45% → 5.25% · 10 days after the RBA rise to 4.60%+0.25
- #34SepSep 2026: ranked 34 of 120
- #30OctOct 2026: ranked 30 of 150
- #32NowNov 2026: ranked 32 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
In the top 25% for 2 of the last 3 months. Never below the top 50%.
- A year meeting the conditions
- $2,675
- A year without meeting the conditions
- $50
- Against the average (4.46%)
- +$446
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
A savings account that rewards you for growing your balance
Notes from savers
to leave a note.
Often compared with: Bankwest Easy Saver
Other Bankwest accounts: Bankwest Easy Saver 5.50%
Pays 5.35% p.a. total (0.10% base plus 5.25% bonus) as of 9 November 2026. Ranks 50th of 151 savings accounts tracked by BankMate, 0.89 points above the average of 4.46%. The rate last rose on 10 October 2026, 10 days after the RBA raised the cash rate to 4.60%. From Bankwest's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·