Westpac makes it harder for younger customers to earn advertised interest rates

Bank joins smaller competitors in changing interest-related restrictions on some accounts - despite RBA leaving interest rates unchanged in September

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Westpac is tightening conditions on its savings account for younger customers as growing numbers of banks make it harder to earn advertised interest rates on their deposits.

The bank has joined smaller competitors in changing interest-related restrictions on some accounts - despite the Reserve Bank of Australia leaving interest rates on hold in September.