Savings accounts

There are lots of reasons why you might need to put some money aside. Good news is we've got lots of different ways to save too, so you can do it the way you want. Take a look at our savings account options below to find your fit.

Online Saver	Online Bonus Saver	Online Saver PIE	Online Bonus Saver PIE	Simple Saver	Save & Win
You’ll get a competitive rate of interest by saving online, regardless of how many transfers you make from the account.	Want to earn bonus interest? All you have to do is make one deposit and no transfers each month.	You’ll get competitive returns by saving online, regardless of how many transfers you make from the account, but with the potential to pay less tax on your returns.	Perfect for your longer terms savings with bonus returns when you make one deposit and no withdrawals each month, plus potential tax savings.	Our no-fuss savings account offers the same competitive interest rate, no matter what your balance. Dip in and out of it as you like.	Fancy a savings account with some fun on the side? This account offers the chance to grab a share of $100,000 cash each month.
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Benefits
Earn a competitive interest rate calculated daily No monthly account maintenance or transaction fees (service fees apply) No penalty for making transfers No minimum balance needed	A competitive bonus interest rate No minimum balance needed to earn bonus interest No monthly account maintenance or transaction fees (service fees apply)	All the features of an online savings account with your money on-call Tax savings for a range of investors Invest for as little as $500	Competitive bonus rate of return Tax savings for a range of investors Invest for as little as $500	Earn the same interest rate on every dollar you save No monthly account maintenance fee to pay (service fees apply) No minimum balance required	A chance to win 5 prizes of $10,000 and 500 prizes of $100 each month An entry in the draw for every $1 of your average monthly balance No monthly account maintenance fee and free deposits (service fees apply)
Monthly account maintenance fee
Free	Free	Free	Free	Free	Free
Electronic transactions Expand/Collapse
Deposits: Free Withdrawals: require a Westpac transaction account	Deposits: Free Withdrawals: require a Westpac transaction account	Deposits: Free Withdrawals: require a Westpac transaction account	Deposits: Free Withdrawals: require a Westpac transaction account	Deposits: Free Withdrawals: First manual or electronic withdrawal each month is free. Additional transactions are $1 per transaction.	Deposits: Free Withdrawals: $1 per transaction
(To operate the Online Saver account, you must hold a Westpac transaction account. Any transfers from your Online Saver Account can only be made directly to your transaction account. ATM access is for balance enquiry, funds transfers and deposits only – no cash withdrawals can be made.)	(To operate the Online Bonus Saver account, you must hold a Westpac transaction account. Any transfers from your Online Bonus Saver account can only be made directly to your transaction account. ATM access is for balance enquiry, funds transfers and deposits only – no cash withdrawals can be made.)	(To make withdrawals from your Online Saver PIE account, you must hold a Westpac transaction account. ATM access is for balance enquires, fund transfers and for deposits (if deposit facilities exist). No cash withdrawals from ATMs can be made.)	(To make withdrawals from your Online Bonus Saver PIE account, you must hold a Westpac transaction account. ATM access is for balance enquires, fund transfers and for deposits (if deposit facilities exist). No cash withdrawals from ATMs can be made.)	(Withdrawls include Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments)	(Withdrawls include Eftpos, Westpac ATM transfers/withdrawals, automatic payments once set up (service fee applies to set up or amend), direct debits/credits, bill payments, online and phone banking payments)
Manual transactions Expand/Collapse
Manual transactions over the counter are not available. However, deposits can be made through branch deposit boxes.	Manual transactions over the counter are not available. However, deposits can be made through branch deposit boxes.	Manual transactions over the counter are not available. However, deposits can be made through branch deposit boxes.	Manual transactions over the counter are not available. However, deposits can be made through branch deposit boxes.	Deposits: Free Withdrawals: First manual or electronic withdrawal each month is free. Additional transactions are $3 per transaction.	Deposits: Free Withdrawals: $3 per transaction
				Manual transactions include: Cheques and withdrawals at a branch	Manual transactions include: Cheques and withdrawals at a branch
Interest rates Expand/Collapse
2.75% p.a.	0.10% - 4.00% p.a. depending on how many withdrawals & deposits are made each month.	3.00% p.a. for balances $500 and over	0.10% - 4.00% p.a. for balances $500 and over, depending on how many withdrawals & deposits are made each month.	2.00% p.a.	0.25% p.a.
	Base interest: 0.10% p.a. Bonus interest: 3.90% p.a. (When you make at least one deposit and no withdrawals in a month) Potential interest: 4.00% p.a.		Base rate of return: 0.10% p.a. Bonus rate of return: 3.90% p.a. (When you make at least one deposit and no withdrawals in a month) Potential rate of return: 4.00% p.a.
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You can get a copy of the current disclosure statement for Westpac New Zealand Limited from any Westpac branch in New Zealand free of charge. Interest rates and fees are subject to change.

Investments made in the Westpac Cash PIE Fund (“the Fund”) do not represent bank deposits or liabilities of Westpac New Zealand Limited (“Westpac NZ”) or any other member of the Westpac group of companies, and are subject to investment and other risks. No Westpac company or any person guarantees the Fund's performance, returns or repayment of capital. A full statement of tax advantages is set out in the registered prospectus for the Fund. Any rates of return are subject to change. Westpac NZ’s General Terms and Conditions (including online banking terms) apply to investments in the Fund and Westpac NZ transaction accounts. You can get more information and free copies of the Disclosure Statement for Westpac NZ, the investment statement for any securities for which an investment statement is required (including the Fund) and Westpac NZ’s General Terms and Conditions, fees and charges from any Westpac branch.

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Savings accounts

Benefits

Monthly account maintenance fee

Electronic transactions

Manual transactions

Interest rates