Bankwest is a well-established Australian financial institution and a fully-owned subsidiary of the Commonwealth Bank of Australia (CBA). Originally founded in 1895 as the Agricultural Bank of Western Australia, it has grown to become one of the key retail banks in Australia, particularly strong in Western Australia but also serving customers nationwide.
Overview
Bankwest is known for its customer-centric approach, focusing on simplicity and convenience, with a strong digital presence and a commitment to offering competitive financial products. Although it operates independently, Bankwest benefits from the resources and stability of its parent company, CBA.
Main Products and Services
- Home Loans
- Variable Rate Home Loans: These loans offer flexibility with features such as unlimited additional repayments and redraw facilities. Customers can choose between standard variable loans or lower-rate options with fewer features.
- Fixed Rate Home Loans: These loans provide the security of fixed repayments over a period of 1 to 5 years. Bankwest offers the option to split the loan between fixed and variable rates.
- Savings and Transaction Accounts
- Ordinary Bank Accounts:
- Easy Transaction Account
- Bankwest Qantas Transaction Account
- Retirement Advantage Account
- Savings Accounts:
- Easy Saver
- Hero Saver
- Bankwest Smart eSaver
- Term Deposits:
- Bankwest Term Deposit
- Gold Term Deposit
- Ordinary Bank Accounts:
- Credit Cards
- Low rate
- No Annual Fee
- Earn Qantas Points
- Earn Rewards Points
- Personal Loans
- Unsecured Personal Loans: Available for various purposes like consolidating debt, purchasing a car, or funding a holiday, with fixed or variable interest rates.
- Secured Personal Loans: These loans are backed by an asset, typically a vehicle, and offer lower interest rates than unsecured options.