Happy Banking
It’s
good to see
your savings
grow.
Savings
Making
your savings
work harder
What’s inside?
04
Online savings
06
Term deposits
10
In store savings
08
Kid’s savings
11
Financial planning
14
Getting the paperwork ready
12
Savings accounts overview
15
Contact us
What are you
saving for?
Start small and watch
it grow.
It’s a good feeling to see your savings grow. Whatever it is that you’re saving for, a holiday, nest egg, rainy day or your kids’ future, we want to help you choose a savings account that makes your money flourish.
So, let’s do some research and figure out which savings account is best for you.
Online savings
If you need an incentive to start saving today, the Bankwest TeleNet Saver is it. New TeleNet customers receive a high introductory variable interest rate. Plus there are no fees^ and no monthly balance requirements.
This is an online savings account so you’ll need to have a linked account to operate this account^.
Why you’ll value the TeleNet Saver
› high introductory variable interest rate ($5 million deposit limit during the period)
› reverts to a high ongoing variable rate after the introductory period
› no minimum balance or monthly deposit
› no account keeping or transaction fees^
› 24/7 access to your money via online and phone banking
› interest is calculated daily and paid monthly
Our Smart eSaver is a high interest online savings account that rewards you for not making withdrawals. Every month you don’t touch your savings, you’ll receive the variable Smart Rate.
Any month that you need to dip into your savings, you’ll receive our variable standard rate. But don’t worry, next month you can earn the Smart Rate again.
As this is an online savings account, you’ll need to link to an existing account you hold with any Australian financial institution^.
Smart eSaver’s nifty features
› high variable interest rate on balances up to $500,000
› earn the Smart Rate for every month you make no withdrawals
› no minimum balance or monthly deposit required
› no account keeping or transaction fees^
› 24/7 access to your money via online and phone banking
TeleNet Saver
Smart eSaver
^ Fees may apply to a linked account.
This is a high interest term deposit that rewards you for not touching your savings. You can secure a high fixed interest rate from $5,000 right up to $2 million on terms of 1 month to 5 years.
Our Gold Term Deposit is worth its
weight in gold
› deposit anything from $5,000 to $2 million
› wide range of terms and rates to choose from
› when your term deposit matures, enjoy 10 days grace to consider your options
› flexible interest frequency options for terms of 12 months or more
If you’re looking for a term deposit with a great rate and keen to get the job done online, you can earn a great return with an Online Term Deposit. The exact rate depends on the term so whether you want to fix your money for 3 months, 6 months or 5 years, you’ll find our rates are hard to beat. You can open an account with as little as $1,000. As this is an online account, you’ll need to transfer the money in from a linked account^.
Outstanding benefits
› a wide range of terms and rates to chose from
› $1,000 minimum investment up to a maximum of $5 million
› link to an existing bank account held at any Australian financial institution
› when your term deposit matures, enjoy 10 days grace to consider your options
Term deposits
Interested in growing a nest egg? It could be the dream of easy retirement, or the fund that will assist your child through university. One of our term deposits could help.
Gold Term Deposit
Online Term Deposit
Kid’s savings
If you think your kids are growing at a rapid rate, watch what happens to their money when you put it in a Kids’ Bonus Saver account. Deposit any amount from $25 – $250 per month and don’t make any withdrawals to receive our highest interest rate. There are no fees either because we believe in rewarding kids for learning good saving habits. After 12 months, all balances over $1 in their Kids’ Bonus Saver account will be swept to their linked Bankwest Children’s Savings Account so they can start their savings all over again.
Great features
› bonus interest paid each month when $25 – $250 is deposited and no withdrawals are made
› available to children under the age of 15
› there is no minimum deposit required to open the account
› account is operated by parent/guardian on behalf of the child
› one account available per child
Awarded Money Magazine’s “Best Kids’ Savings Account” for Banks 7 years running
Kids’ Bonus Saver
It’s called a Children’s Saving Account, but it is so much more than that. It is also the first step in developing your child’s financial literacy. When you teach your kids about managing money, and how to save, you’re helping them develop good financial habits that can last a lifetime. Education experts say that kids learn best about money between the ages of 8 to 12, so we’ve designed this account especially for the under 15s. There are no fees and charges to eat into their hard earned pocket money or birthday cheques from Nanna, plus we’ll pay interest on it to help it grow faster. If they want to earn some serious interest on their savings, you can link this account to a Bankwest Kids’ Bonus Saver.
Why our Children’s Savings Account
earns an A+
› no access or maintenance fees
› fast parent/guardian access via phone and online banking
› earns credit interest which is calculated daily and paid monthly
› can link to a Bankwest Kids’ Bonus Saver
› available to children under the age of 15
Children’s Savings Account
Financial planning
To help get you on the right track with your financial future we can refer you to an in-store personal financial adviser from BW Financial Advice*. You might want to get your savings working harder, give your super a boost, or make sure your family and wealth are protected. Whatever your goals, BW Financial Advice can help you towards a happy future.
They will give you access to straightforward, personal financial advice that’s friendly, professional, affordable and easy to understand.
BW Financial Advice can help you with
› invest for a lifestyle or goal
› invest for a new income stream
› protect your wealth & family
› make the most of your super
› plan for retirement
› transfer a UK pension
Talk to a personal financial adviser today to ensure your savings and other financial matters are set up for the future. To make an appointment pop into a store, call 1300 360 652 or book online by visiting
bankwest.com.au/personal/insurance-advice/personal- financial-advice
*BW Financial Advice Limited ABN 97 097 084 878, AFSL 230727 (BW Financial Advice) is the provider of financial advice services. BW Financial Advisers are Representatives of BW Financial Advice, which is a related entity of, but not guaranteed by Bankwest, a division of Commonwealth Bank of Australia ABN 48 123 123 124.
In store savings
Just because you use the internet now, it doesn’t
necessarily mean you want to do all your banking online. Solid Gold Saver allows you to personally manage your account in store. Accounts require a minimum balance of $10,000 to earn interest.
As this is a savings account, not an everyday transaction account, your rate will reduce by 1.00% p.a. for every withdrawal you make in a month. The good news is your account resets to the Solid Gold rate at the start of each new month.
To boost your savings even further, there are no maintenance or transaction fees.
Why you’ll value the Solid Gold Saver
› personally manage your account in store
› cheque access and periodical payments
› access your money with a Bankwest Debit Card
› online banking (view and credit transfers only – not for withdrawals)
› phone banking (for balance and transaction enquiries and to transfer funds to your account from another Bankwest account only – not for withdrawals)
Solid Gold Saver
Savings accounts
overview
A high interest online savings account that rewards you for not making withdrawals
high variable interest rate on balances up to $500,000 earn the Smart Rate for each month with no withdrawals no minimum balance
no fees^
24/7 access to your money via online and phone banking
Smart eSaver
Account
A high interest online savings account with instant access
high introductory variable interest rate ($5 million deposit limit during the period)
no minimum balance no fees^
24/7 access to your money via phone and online banking
TeleNet Saver
Account
A term deposit that gives you a high, fixed interest rate
choice of terms and rates deposit $5,000 to $2 million
10 days grace when your term deposit matures flexible interest payment options
Gold Term
Deposit
An online term deposit with a high, fixed interest rate
choice of terms and rates deposit $1,000 to $5 million
10 days grace when your term deposit matures
need a linked account to withdraw and deposit your money
Online Term
Deposit
A high interest savings account with in store access
minimum opening balance of $10,000 personally manage your account in store
your interest reduces by 1% for each withdrawal made cheque access and periodical payments
access your money with a Bankwest Debit Card
Solid Gold
Saver Account
A great, high interest savings account for kids under 15
bonus interest paid each month when $25-$250 is deposited and no withdrawals are made
available to all children under the age of 15 no minimum deposit
account operated by parent/guardian on behalf of child link to Bankwest Children’s Savings Account
Kids’ Bonus
Saver Account
A savings account for children under 15
no access or maintenance fees
earns credit interest which is calculated daily and paid monthly
fast parent/guardian access via Bankwest Online Banking
Children’s
Savings Account
Getting the
paperwork ready
So, you’ve chosen the savings account that is right for you. The next step is to help us help you by preparing the necessary paperwork before you meet up with us. Here’s what you’ll need:
Identification details for new customers
If you’re brand new to Bankwest, welcome! We’ll need to confirm who you are so remember to bring an original copy of your choice of the following with you:Details for new and existing customers
Whether a new or an existing customer, you may also need to provide us with:Contact us
one form of primary ID with a photo (i.e. passport or driver’s licence), plus one form of primary ID without a photo (i.e. birth certificate or Citizenship papers), plus one form of secondary ID (i.e. a power bill)
personal details and where applicable, those of the other account holders (name, date of birth, address and contact details)
Tax File Number (providing your TFN stops you from paying withholding tax on this account)
Need more information? Or ready to apply for one of our savings products? We’ll make it easy for you.
√
Pop into a store
Feel free to walk into any Bankwest store to apply. To find your nearest store visit bankwest.com.au/find-us
π Give us a call
Call us on 13 17 19 to open one of our savings accounts. We’re available to take your call 8am-8pm, 7 days a week.
µ Online
We offer the convenience of online application for many of our savings products. Simply visit bankwest.com.au/ savings. For the latest rates visit bankwest.com.au/rates-fees
¬ By mail
Prefer the post? Download an application form, complete and post it back to us at Bankwest, Reply Paid GPO Box E237, Perth WA 6841, Australia
Statement (PDS) and whether the product is right for you. A PDS is available from your local Bankwest store, from bankwest.com.au, or by calling 13 17 19. For the Kids’ Bonus Saver: only one Kids’ Bonus Saver account per child. Maximum allowable deposit of $250 per month. Standard rate of 0.01% p.a. applies if bonus interest conditions are not met. For the Online Term Deposit: The account requires a minimum deposit of $1,000. There is a $5,000,000 maximum investment per customer. For the Smart eSaver: There is a $5,000,000 maximum investment per customer. For the Gold Term Deposit: The account requires a minimum deposit of $5,000. There is a $2,000,000 maximum investment limit per customer. For the TeleNet saver: A $5,000,000 maximum investment limit applies while the Special Introductory Interest Rate is applicable. The Special Introductory Interest Rate reverts to the Standard Interest Rate after the introductory period. BWA-8390 010214
√ visit any store
π 13 17 19
