1 live product
Heritage Bank
Best available rate
4.10%p.a.
Online Saver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
2.70%
Bonus
0.00%
Conditions
No monthly hoops
Finding the best rates…
Savings Accounts Comparison
Bank One
Heritage Bank
Best available
Up to 4.10% p.a.
Line-up
1 live product
VS
Heritage Bank vs Westpac
Compare Heritage Bank and Westpac savings accounts side by side. In March 2026, Heritage Bank offers 1 account with rates up to 4.10% p.a., while Westpac has 4 accounts reaching 5.25% p.a. Westpac currently leads by 1.15%.
VS
4 live products
Westpac
Best available rate
5.25%p.a.
Westpac Life (Under 35)
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
5.15%
Conditions
Bonus rules apply
Live edge
Westpac leads on headline savings rate by 1.15% p.a. right now. Use the feature table below to see whether that edge comes with extra conditions.
1.15% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Heritage Bank | Westpac |
|---|---|---|
| Max rate | 4.10% | 5.25% |
| Base rate | 2.70% | 0.10% |
| Bonus rate | 0.00% | 5.15% |
| Has conditions | No | Yes |
All Heritage Bank Products
Every tracked savings accounts option from Heritage Bank.
All Westpac Products
Every tracked savings accounts option from Westpac.
In March 2026, Heritage Bank's Online Saver offers up to 4.10% p.a., while Westpac's Westpac Life (Under 35) reaches 5.25% p.a. (0.10% base + 5.15% bonus). Westpac currently leads by 1.15% p.a.
Westpac's top rate requires meeting bonus conditions each month, while Heritage Bank offers its rate with no ongoing requirements. Heritage Bank's rate includes an introductory component for 4 months. Westpac's rate applies on balances up to $30,000.
Heritage Bank has 1 savings product and Westpac has 4, giving you a range of options to compare.
Quick Comparison
| Feature | Heritage Bank | Westpac |
|---|---|---|
| Max Rate | 4.10% | 5.25% |
| Base Rate | 2.70% | 0.10% |
| Bonus Rate | 0.00% | 5.15% |
Common Questions
Heritage Bank vs Westpac FAQs
Which bank has the better savings rate, Heritage Bank or Westpac?
Westpac currently offers the higher rate at 5.25% p.a., compared to 4.10% p.a. Rates are sourced from live data and change frequently.
What is Heritage Bank's best savings account rate in 2026?
Heritage Bank's best savings rate is 4.10% p.a. on the Online Saver.
What is Westpac's best savings account rate in 2026?
Westpac's best savings rate is 5.25% p.a. on the Westpac Life (Under 35), consisting of a 0.10% base rate and 5.15% bonus rate. This rate requires meeting monthly bonus conditions.
Do Heritage Bank and Westpac savings accounts have conditions?
Heritage Bank's top rate has no ongoing conditions, while Westpac requires meeting bonus conditions each month to earn the full advertised rate.