Westpac Deeming Account - Savings Accounts

Westpac Deeming Account

Have you been thinking about getting a deeming account? A deeming account is an at call bank account wherein the interest rate your account will get is dependent upon social security deeming rates. The interest rates of deeming accounts will vary according to changes of deeming rates. If you would like to have a deeming account, you can apply for a Westpac Bank Deeming Account.

With a Westpac Bank Deeming account, you don't have to worry about monthly account service fees because Westpac won't charge you that. You are also granted eight free Westpac withdrawals every month through ATM, branch, telephone banking, EFTPOS, and Internet banking. To be eligible for a deeming account, you must be 55 years old or older and you must be retired. Aside from that, you must also possess an eligible pensioner concession card.

If you would like to apply for a Westpac Bank Deeming Account, you can do so by visiting one of Westpac's branches. You can also apply online or apply thru phone banking. Westpac's consultants will surely be able to help you if you need more information about their deeming account. You can also be sure that your money is in good hands.