Westpac Bank - Savings Account

• Westpac eSaver

Westpac Bank is a leading international financial institution and Australia's fourth largest bank in terms of assets. For five years now, it has been named the world's most sustainable bank by the Dow Jones Sustainability Index. Westpac currently serves over 8 million customers and operates across New Zealand, Australia, and the Pacific Region, with offices n the world's major financial centers.

History

Westpac was established as the Bank of New South Wales on April 8, 1817, when the state was still under British rule. Its first office was in Macquarie Place, Sydney. Its first services were simple personal loans and mortgages. Before long, it began expanding its services to include basic savings account, financial planning, and eventually term deposits and investments.

Westpac Bank grew impressively through a series of acquisitions in the mid-90s. In 1995 it combined with Challenge Bank, a company in Western Australia, in 1996 with the Trust Bank in New Zealand, and in 1997 with the Bank of Melbourne in Victoria.

Today, Westpac has around 330,000 shareholders and 28,000 employees around the world, most of them in Australia and New Zealand. As of September 2007, its net profits were over $3.4 billion after taxes. It is now one of the top 10 companies by market capitalization as listed by the Australian Securities Exchange Limited.

Products and services

Westpac concentrates on consumer and business financial services, with products ranging from basic savings account to personal and business loans. It also offers low-cost credit and debit cards. Its high-interest savings solutions are one of its most popular products, offering the convenience of a basic savings account and the high rewards of term deposits and investment accounts.

Customer service

Westpac Bank is committed to giving its customers maximum convenience at all times. Members can access their accounts from any of the bank's branches, as well as via phone and internet. Its advanced security measures ensure that online banking is always safe.