Westpac – Bump Savings
2017 is an exciting year for Westpac as we celebrate our 200th year and as part of our celebration we have a couple of great offers to support the next generation!
Our Bump Savings account is designed to help children kick start their savings. Available for children under 15 it’s designed to help learn the importance of saving at a young age. The Bump Savings accounts have a competitive base interest rate plus bonus interest each month you grow your balance. Kids and parents can easily view a Bump Savings account via Westpac Online Banking and money can be transferred to a Westpac everyday account.
As part of our 200th anniversary, every Australian child born in 2017 is eligible for $200, which they can withdraw when they’re 16. Any additional deposits can be withdrawn at any time of course, allowing easy access to your savings if required.
To be eligible for the $200 they just need to:
- Be born in 2017
- Have a permanent Australian residential address
- Have the Bump Savings account opened in their name by a parent or legal guardian, with their ID verified by 31 May 2018.
To find out more or discuss your banking needs drop in into Westpac Elanora or call 07 5525 5344 to make an appointment.