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Westpac · Transaction accounts
Westpac Life
Westpac Life is a transaction account. The figures are the ones Westpac publishes under the Consumer Data Right today. The advertised rate last moved on 9 October 2026, up from 4.90% to 5.15%.
Advertised rate
5.15%
headline tier
Tiers
3
current rate rows
Last moved
+0.25pp
9 October 2026
Advertised rate, last 30 days. Between 4.90% and 5.15% over the last 30 days.
Every current rate (3)
| Tier | Rate |
|---|---|
| Variable | 0.10% |
| Bonus 1 month, $1 to $150,000Be aged 18-40 with a Westpac Life and Westpac Choice account in your name (Joint accounts are not eligible and only one Spend&Save offer... | 0.70% |
| Bonus 1 monthInterest is calculated daily on your account balance up to the second last business day of the month. | 5.15% |
Rate moves, last 30 days
Published fees
| Fee | Amount |
|---|---|
| Account Keeping Feerecurring | $0 |
| Online Banking (including Mobile Banking)per withdrawal: Online transfer withdrawals via Online Banking. | $0 |
| Telephone Banking withdrawal (self service)per withdrawal | $0 |
| Telephone Banking withdrawal (staff assisted)per withdrawal | $0 |
| Branch staff assisted withdrawalper withdrawal | $0 |
| Direct Debitper payment | $0 |
Other Westpac transaction accounts
Cash Investment Account 3.00%Westpac 55+ and Retired 2.90%Community Solutions Cash Reserve 1.45%Business Premium Cash Reserve 1.30%
Get an email the morning Westpac moves this rate.
Every Westpac rate · every transaction account rate compared · other lenders · this product in the explorer.