Westpac Life with Spend&SaveWestpac Life with Spend&Save
$2,975$2,975 a year
Savings · Side by side
Westpac eSaver vs Westpac Life with Spend&Save
vs
These are open to different people: Westpac eSaver to anyone 14 or over, Westpac Life with Spend&Save only to 18 to 40 year olds.
Interest a year on $50,000, with the conditions met
$625$625
1.25% on this balance
$2,975$2,975
5.95% on this balance
Westpac Life with Spend&Save pays $2,350 more a year on $50,000 than Westpac eSaver.
Drag to try another balance
Where they differThe rate (1.25% against 5.95%), the conditions on the bonus, how much of a balance the top rate covers, the intro rate and who can open it.
The same on bothNo minimum balance.
WWestpacWestpac eSaver
WWestpacWestpac Life with Spend&Save
Figure by figure
Interest a year without meeting the conditions
on $50,000
$625
No conditions to miss
+$575 · More without meeting the conditions
$50
at the base rate
Total rate
base plus bonus
1.25%
5.95%
+4.70 · Higher total rate
Base rate
paid whatever you do
1.25%
the whole rate
+1.15 · Higher base rate
0.10%
Bonus rate
None
one rate, nothing to do
5.85%
with the conditions met
+5.85 · Higher bonus rate
Top rate paid up to
No cap
Covers all of it · Covers more of a balance
$150k
What the bonus asks each month
Nothing
A deposit
20 card purchases
A balance that ends the month higher than it started
Intro rate
for new accounts
5.50%
for 5 months
None
Who can open it
Anyone 14 or over
1480+
18 to 40 year olds
184080
Rank by total rate
105th of 117
among accounts open to adults
3rd of 117
among accounts open to adults
Last rate change
No change
since 25 Sep 2026
9 Oct 2026
up 0.20
Rates over time
Each account's total rate, a cell a week. A move shows as ▲ or ▼ in the week it happened.
As of 2 November 2026, Westpac eSaver pays 1.25% with nothing to do each month, and Westpac Life with Spend&Save pays 5.95% with its monthly conditions met. On $50,000, that's $625 against $2,975 a year, $2,350 more from Westpac Life with Spend&Save. Figures are the banks' published rates, worked out on the balance above. Each row says which figure is higher; it doesn't say which account suits you.
