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BankWest wins best new product

BankWest has received an award for the best new product in financial services. BankWest’s TeleNet was awarded the top accolade for ‘Best New Product’ at the 15th Annual Australian Banking & Finance Awards, as voted by subscribers to Australian Banking & Finance magazine. Receiving the award, BankWest retail chief executive Chris Whitehead said TeleNet Saver and TeleNet Term Deposit accounts have been a key driver behind BankWest’s increased share of the Australian deposits market from 2.36 percent to 3.02 percent over the last six months, according to figures from the Australian Prudential Regulatory Authority.

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