History of BankWest

BankWest started in 1895, as the Agricultural Bank of Western Australia.

It was founded by the Government of Western Australia to help develop the State's farming industry.

It became a trading bank and changed its name to the Rural and Industries Bank of Western Australia in 1945. Over a period of 50 years it grew to become a market leader in its home state.

The bank changed its name to Bank of Western Australia Ltd, in 1994 and adopted the trading nameBankWest to identify it with the State as a whole.

The Bank of Scotland acquired BankWest in December 1995.

As part of the sale agreement the Bank of Scotland subsequently offered 49% of the shares in BankWest to the public.

Products and Services of BankWest

  • Credit Cards
  • Home Loans
  • Personal Loans
  • Saving & Investments
  • Transaction Accounts
  • Insurance
  • Financial Advice
  • Online Banking
  • Business Accounts
  • Business Deposits
  • Business loans
  • Commercial loans
  • Business Cards.

BankWest is based in Perth, Western Australia and provides full banking services in WA and has offices all over Australia. While the bulk of BankWest loans are written in WA, other states account for almost 50% of BankWest's lending. BankWest has over 600,000 customers who are served by a large number of branches and telephone and Internet banking through BankWest Online Banking system.

BankWest is fully owned by HBOS Plc, who are one of the world's biggest finance groups.

BankWest Interest Rates

See the tables below for the full range of BankWest home loan, personal loan, credit card and savings account products.

Add up to 5 home loans to your enquiry and get a free detailed comparison report.

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Important Information

Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

Please note that due to recent changes by numerous lenders, some rates may be slightly incorrect. We shall have this resolved shortly.

Comparison Rate is based on all fees, charges and interest over the term of a standard loan of $150,000 for 25 year.

Bank West Home Loans Loan Type Initial Rate Comparison Rate  
Bank West
Bank West
5 Years Fixed -0.10% 5.44%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $124,739
  • Total Interest: $124,194
  • Total Fees: $545
  • Upfront Fee: $545
  • Investment: Yes
Bank West
Bank West
3 Years Fixed 3.72% 4.19%  
  • Revert Rate: 4.32%
  • Maximum LVR: 80.00%
  • Monthly Payment: $818
  • Total Cost: $95,799
  • Total Interest: $95,549
  • Total Fees: $250
  • Upfront Fee: $250
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Owner Occupier: Yes
Bank West
Bank West
Variable 3.92% 4.35%  
  • Revert Rate: 3.92%
  • Maximum LVR: 90.00%
  • Monthly Payment: $785
  • Total Cost: $95,668
  • Total Interest: $85,543
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Offset Account: Yes
  • Owner Occupier: Yes
Bank West
Bank West
3 Years Fixed 3.98% 4.41%  
  • Revert Rate: 3.99%
  • Maximum LVR: 90.00%
  • Monthly Payment: $791
  • Total Cost: $97,403
  • Total Interest: $87,278
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
Variable 4.09% 4.11%  
  • Revert Rate: 4.09%
  • Maximum LVR: 80.00%
  • Monthly Payment: $799
  • Total Cost: $93,018
  • Total Interest: $89,768
  • Total Fees: $3,250
  • Upfront Fee: $250
  • Monthly Fee: $10
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Offset Account: Yes
  • Owner Occupier: Yes
Bank West
Bank West
Variable 4.09% 4.11%  
  • Revert Rate: 4.09%
  • Maximum LVR: 80.00%
  • Monthly Payment: $799
  • Total Cost: $90,018
  • Total Interest: $89,768
  • Total Fees: $250
  • Upfront Fee: $250
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Owner Occupier: Yes
Bank West
Bank West
2 Years Fixed 4.14% 4.44%  
  • Revert Rate: 3.99%
  • Maximum LVR: 90.00%
  • Monthly Payment: $791
  • Total Cost: $97,403
  • Total Interest: $87,278
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
1 Year Fixed 4.21% 4.44%  
  • Revert Rate: 3.99%
  • Maximum LVR: 90.00%
  • Monthly Payment: $791
  • Total Cost: $97,403
  • Total Interest: $87,278
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
3 Years Fixed 4.28% 5.13%  
  • Revert Rate: 5.04%
  • Maximum LVR: 90.00%
  • Monthly Payment: $880
  • Total Cost: $124,240
  • Total Interest: $114,115
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Investment: Yes
Bank West
Bank West
1 Year Fixed 4.31% 5.24%  
  • Revert Rate: 5.04%
  • Maximum LVR: 90.00%
  • Monthly Payment: $880
  • Total Cost: $124,240
  • Total Interest: $114,115
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Investment: Yes
Bank West
Bank West
3 Years Fixed 4.38% 5.21%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $128,339
  • Total Interest: $124,194
  • Total Fees: $4,145
  • Upfront Fee: $545
  • Monthly Fee: $12
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
2 Years Fixed 4.39% 5.29%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $128,339
  • Total Interest: $124,194
  • Total Fees: $4,145
  • Upfront Fee: $545
  • Monthly Fee: $12
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
2 Years Fixed 4.40% 5.21%  
  • Revert Rate: 5.04%
  • Maximum LVR: 90.00%
  • Monthly Payment: $880
  • Total Cost: $124,240
  • Total Interest: $114,115
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Investment: Yes
Bank West
Bank West
4 Years Fixed 4.44% 4.57%  
  • Revert Rate: 3.99%
  • Maximum LVR: 90.00%
  • Monthly Payment: $791
  • Total Cost: $97,403
  • Total Interest: $87,278
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
3 Years Fixed 4.48% 5.44%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $124,739
  • Total Interest: $124,194
  • Total Fees: $545
  • Upfront Fee: $545
  • Investment: Yes
Bank West
Bank West
1 Year Fixed 4.51% 5.38%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $128,339
  • Total Interest: $124,194
  • Total Fees: $4,145
  • Upfront Fee: $545
  • Monthly Fee: $12
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
1 Year Fixed 4.51% 5.44%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $124,739
  • Total Interest: $124,194
  • Total Fees: $545
  • Upfront Fee: $545
  • Investment: Yes
Bank West
Bank West
5 Years Fixed 4.54% 4.64%  
  • Revert Rate: 3.99%
  • Maximum LVR: 90.00%
  • Monthly Payment: $791
  • Total Cost: $97,403
  • Total Interest: $87,278
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
4 Years Fixed 4.60% 5.20%  
  • Revert Rate: 5.04%
  • Maximum LVR: 90.00%
  • Monthly Payment: $880
  • Total Cost: $124,240
  • Total Interest: $114,115
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Investment: Yes
Bank West
Bank West
2 Years Fixed 4.60% 5.44%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $124,739
  • Total Interest: $124,194
  • Total Fees: $545
  • Upfront Fee: $545
  • Investment: Yes
Bank West
Bank West
4 Years Fixed 4.65% 5.23%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $128,339
  • Total Interest: $124,194
  • Total Fees: $4,145
  • Upfront Fee: $545
  • Monthly Fee: $12
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
5 Years Fixed 4.69% 5.20%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $128,339
  • Total Interest: $124,194
  • Total Fees: $4,145
  • Upfront Fee: $545
  • Monthly Fee: $12
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
5 Years Fixed 4.74% 5.23%  
  • Revert Rate: 5.04%
  • Maximum LVR: 90.00%
  • Monthly Payment: $880
  • Total Cost: $124,240
  • Total Interest: $114,115
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Investment: Yes
Bank West
Bank West
4 Years Fixed 4.80% 5.44%  
  • Revert Rate: 5.42%
  • Maximum LVR: 80.00%
  • Monthly Payment: $914
  • Total Cost: $124,739
  • Total Interest: $124,194
  • Total Fees: $545
  • Upfront Fee: $545
  • Investment: Yes
Bank West
Bank West
Variable 4.84% 5.23%  
  • Revert Rate: 4.84%
  • Maximum LVR: 80.00%
  • Monthly Payment: $863
  • Total Cost: $119,013
  • Total Interest: $108,888
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Investment: Yes
Bank West
Bank West
Variable 4.84% 5.23%  
  • Revert Rate: 4.84%
  • Maximum LVR: 80.00%
  • Monthly Payment: $863
  • Total Cost: $119,013
  • Total Interest: $108,888
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Owner Occupier: Yes
Bank West
Bank West
3 Years Fixed 4.88% 5.04%  
  • Revert Rate: 5.07%
  • Maximum LVR: 80.00%
  • Monthly Payment: $883
  • Total Cost: $115,154
  • Total Interest: $114,904
  • Total Fees: $250
  • Upfront Fee: $250
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Investment: Yes
Bank West
Bank West
Variable 4.89% 5.30%  
  • Revert Rate: 4.89%
  • Maximum LVR: 90.00%
  • Monthly Payment: $867
  • Total Cost: $120,315
  • Total Interest: $110,190
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Offset Account: Yes
  • Investment: Yes
Bank West
Bank West
Variable 4.92% 4.94%  
  • Revert Rate: 4.92%
  • Maximum LVR: 80.00%
  • Monthly Payment: $870
  • Total Cost: $114,222
  • Total Interest: $110,972
  • Total Fees: $3,250
  • Upfront Fee: $250
  • Monthly Fee: $10
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Owner Occupier: Yes
Bank West
Bank West
Variable 4.92% 4.94%  
  • Revert Rate: 4.92%
  • Maximum LVR: 80.00%
  • Monthly Payment: $870
  • Total Cost: $111,222
  • Total Interest: $110,972
  • Total Fees: $250
  • Upfront Fee: $250
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
Variable 4.99% 5.01%  
  • Revert Rate: 4.99%
  • Maximum LVR: 80.00%
  • Monthly Payment: $876
  • Total Cost: $116,053
  • Total Interest: $112,803
  • Total Fees: $3,250
  • Upfront Fee: $250
  • Monthly Fee: $10
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Offset Account: Yes
  • Investment: Yes
Bank West
Bank West
Variable 4.99% 5.01%  
  • Revert Rate: 4.99%
  • Maximum LVR: 80.00%
  • Monthly Payment: $876
  • Total Cost: $113,053
  • Total Interest: $112,803
  • Total Fees: $250
  • Upfront Fee: $250
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Investment: Yes
Bank West
Bank West
Variable 5.14% 5.51%  
  • Revert Rate: 5.14%
  • Maximum LVR: 80.00%
  • Monthly Payment: $889
  • Total Cost: $126,874
  • Total Interest: $116,749
  • Total Fees: $10,125
  • Upfront Fee: $250
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Investment: Yes
Bank West
Bank West
Variable 5.40% 5.71%  
  • Revert Rate: 5.40%
  • Maximum LVR: 90.00%
  • Monthly Payment: $912
  • Total Cost: $132,033
  • Total Interest: $123,658
  • Total Fees: $8,375
  • Upfront Fee: $250
  • Annual Fee: $325
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Bank West
Bank West
Variable 5.40% 5.71%  
  • Revert Rate: 5.40%
  • Maximum LVR: 90.00%
  • Monthly Payment: $912
  • Total Cost: $132,033
  • Total Interest: $123,658
  • Total Fees: $8,375
  • Upfront Fee: $250
  • Annual Fee: $325
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Owner Occupier: Yes
Bank West
Bank West
Variable 5.42% 5.44%  
  • Revert Rate: 5.42%
  • Maximum LVR: 95.00%
  • Monthly Payment: $914
  • Total Cost: $128,139
  • Total Interest: $124,194
  • Total Fees: $3,945
  • Upfront Fee: $945
  • Monthly Fee: $10
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Owner Occupier: Yes
Bank West
Bank West
Variable 5.42% 5.44%  
  • Revert Rate: 5.42%
  • Maximum LVR: 95.00%
  • Monthly Payment: $914
  • Total Cost: $125,139
  • Total Interest: $124,194
  • Total Fees: $945
  • Upfront Fee: $945
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Bank West
Bank West
Variable 5.57% 5.59%  
  • Revert Rate: 5.57%
  • Maximum LVR: 80.00%
  • Monthly Payment: $927
  • Total Cost: $131,474
  • Total Interest: $128,224
  • Total Fees: $3,250
  • Upfront Fee: $250
  • Monthly Fee: $10
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Investment: Yes
Bank West
Bank West
Variable 5.57% 5.59%  
  • Revert Rate: 5.57%
  • Maximum LVR: 80.00%
  • Monthly Payment: $927
  • Total Cost: $128,474
  • Total Interest: $128,224
  • Total Fees: $250
  • Upfront Fee: $250
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Bank West
Bank West
Variable 6.07% 6.09%  
  • Revert Rate: 6.07%
  • Maximum LVR: 90.00%
  • Monthly Payment: $973
  • Total Cost: $145,809
  • Total Interest: $141,864
  • Total Fees: $3,945
  • Upfront Fee: $945
  • Monthly Fee: $10
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Investment: Yes
Bank West
Bank West
Variable 6.07% 6.09%  
  • Revert Rate: 6.07%
  • Maximum LVR: 90.00%
  • Monthly Payment: $973
  • Total Cost: $142,809
  • Total Interest: $141,864
  • Total Fees: $945
  • Upfront Fee: $945
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Investment: Yes