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Earlier offer
Westpac Life Spend&Save: 5.95% p.a. Interest (Monthly Requirments: Deposit, Grow Balance by $1, 20 Card Purchases & Aged 18-40)
Posted 9/30/2026

Westpac Life Spend&Save: 5.95% p.a. Interest (Monthly Requirments: Deposit, Grow Balance by $1, 20 Card Purchases & Aged 18-40)

If you're aged 18-40 and looking to actually earn something on your savings, Westpac Life is currently offering a total variable rate of 5.95% p.a. — that's a solid return in today's market. To snag the bonus interest each month, you'll need to:

  • Make at least one deposit (interest payments don't count) and grow your balance by even $1
  • Make 20 eligible Debit Mastercard purchases linked to your Westpac Choice account
  • Keep your balance above $0 and be 18-40 with both accounts in your name

It's a bit of monthly admin, but if you're already using your card for everyday spending, you're basically getting paid to save — just note the boosted rate only applies on balances up to $150,000.