Westpac slashes savings rates on deposit accounts – NEWS.com.au

Westpac savers have been dealt a financial blow with the major bank slashing the savings rates on several of its deposit accounts. The country’s second largest bank has taken a knife to its deposit accounts, cutting savings rates by 15 basis points, or 0.15 per cent, on its standard eSaver account and its conditional Life account.
Both the conditional and standard savings products now attract a maximum rate of 0.85 per cent.
One year ago, Westpac’s standard savings account was accruing 2.01 pe…

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