Current Westpac Interest Rate 2025 Australia. Westpac, st.george, bank of melbourne and bank sa customers will see their savings account rate drop by 25 basis points on 28 february this year. According to the latest westpac weekly economic report, australia's oldest bank expects an interest rate cut in may but sees potential for one to happen sooner.
An introductory fixed interest rate of 3.55% p.a. Westpac cuts interest rates by 0.25% p.a.