🏢
Bank profile
LiveWestpac savings accounts
As of 17 September 2026, Westpac has two savings accounts tracked by BankMate. Its Westpac Life pays 5.75% p.a. total, which ranks 2nd of 93 accounts and sits 0.89 points above the market average of 4.86%. Its rates last changed on 15 May 2026.
- Top rate
- 5.75%
- Westpac Life
- Market rank
- #2
- of 93 accounts
- Market average
- 4.86%
- +0.89 for the top rate
- Last change
- 15 May 2026
- 4 changes on record
Rates over time
Total rate, conditions met- RBA cash rate
- Market average
What changed
4 changes since 1 Mar 2026- 2 accounts up 0.259 days after the RBA rise to 4.35%+0.25
- Bump Savings 4.80 → 5.05
- Westpac Life 5.50 → 5.75
- 2 accounts up 0.259 days after the RBA rise to 4.10%+0.25
- Bump Savings 4.55 → 4.80
- Westpac Life 5.25 → 5.50
Accounts
Ranked by total rate- 🏢Westpac LifeAges 18–40
$1 deposit a month · 20 card purchases · balance must grow · bonus up to $150k
5.75%#2 of 93Rate0.10% base plus 5.65% bonus when the conditions are met, on balances up to $150,000. Last changed 15 May 2026 (+0.25).
Rate by balanceUp to $150k5.75%$150k+5.00%Conditions for the bonus rate- Debit card use
- 20+/month
- Monthly deposits
- $1/month
- Balance growth
- $1/month
- Balance range
- $0 - $150,000
- Age
- 18-40 years
- Rate
1.75% base plus 3.30% bonus when the conditions are met, on balances up to $50,000. Last changed 15 May 2026 (+0.25).
Rate by balanceUp to $50k5.05%Conditions for the bonus rate- Monthly deposits
- $1/month
- Balance growth
- $1/month
- Balance range
- $0 - $50,000
- Age
- 14-17 years
Total rate is base plus bonus, assuming every monthly condition is met. Rank is among the 93 savings accounts BankMate tracks. Compare all accounts
Notes from savers
to leave a note.