RBA Cash Rate: 3.60% · 1AUD = 0.66 USD · Inflation: 2.1%  

    Booking    Contact    (02) 8006 8300

  Billions Capital [ FINANCE SPECIALISTS ]

Home Loan Variable: 4.99% (4.99%*) • Home Loan Fixed: 4.79% (5.47%*) • Fixed: 4.79% (5.47%*) • Variable: 4.99% (4.99%*) • Investment IO: 4.99% (5.81%*) • Investment PI: 4.89% (5.26%*)

  Westpac Life

Westpac Life is a flexible savings account that supports your savings goals. You could earn bonus interest each month your balance grows.
Category: Transaction & Savings Accounts  Last Updated December 1, 2025  Effective December 22, 2025

General Lending Rates

Rates listed below are for a product. Additional Information
Interest Rate
NA PA
Comparison Rate
NAPA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

Product Features

  • Other Additional Information: Team up your everyday banking with a Life savings account
  • Other Additional Information: Bucket your savings - In up to 6 different Savings Goals with just one account.
  • Unlimited Txns Additional Information: Unlimited and instant access to your money online through your Westpac everyday account
  • Other Additional Information: Set Savings Goals - Track how much you should save to reach your goal.
  • Digital Banking Additional Information: Online , Mobile and telephone banking is available
  • Other Additional Information: Statements : 6 monthly, or more frequently on request.
  • Other Additional Information: Bonus interest - You could boost savings each month your grow your balance.
  • Other Additional Information: Separate savings - Check savings and spending in one view with the Westpac App.
  • Fraud Protection Additional Information: The product includes FRAUD_PROTECTION features.
  • Relationship Management Additional Information: RELATIONSHIP_MANAGEMENT is available for eligible customers.
  • Other Additional Information: No minimum opening balance for this account
  • Other Additional Information: Invite others to join your goal - Share your goal with another Westpac customer. Or invite anyone to contribute by sending money to your account.
  • Other Additional Information: Put savings on autopilot: Set up recurring transfers from your transaction account on paydays to automatically split your savings across your goals.
  • Other Additional Information: Set up to 6 Savings Goals: Change the savings amount, date, and category across all your goals. Adjust them at any time in the Westpac App.
  • Other Additional Information: Account can be opened via Online, mobile, in branch and telephone.
  • Other Additional Information: Set and share savings goals. Having clear savings goals you share with others may motivate you to strive to save even more.

Product Eligibility

  • Min Age - 18.
  • Residency Status - Those With An Australian Residential Address And Who Are Currently In Australia..

Bank Fees and Charges

  • Account Keeping Fee (Periodic), Amount: 0.00.
  • Online Banking (including Mobile Banking) (Withdrawal), Amount: 0.00. Additional Information: Online transfer withdrawals via Online Banking.
  • Telephone Banking Withdrawal (self Service) (Withdrawal), Amount: 0.00.
  • Telephone Banking Withdrawal (staff Assisted) (Withdrawal), Amount: 0.00.
  • Branch Staff Assisted Withdrawal (Withdrawal), Amount: 0.00.

Document Downloads

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Download our 40-page First Home Buyer Guide. The book includes a large amount of information that will guide you during the buying process, and it provides you with information on your various finance options. 
BM FHB Guide, May 2025
Timezone: E. AUSTRALIA STANDARD TIME · [ CHANGE ]

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