tiered base interest rates—each month you earn a base rate of interest depending on your account balance. The higher your balance, the more interest you can earn. You can also save on account fees for balances over $1000
we’ll pay bonus interest for each month that you add to your savings and don’t make any withdrawals Note: any interest earned from your Bonus Saver Account does not count as a deposit.
Managing your savings with Bonus Saver
Automatic payments
You can set up automatic payments into your Bonus Saver from another account. This means you can always make at least one deposit each month to help you get your bonus interest.
To help you get started, we can arrange one automatic payment from another Westpac account free of charge.
Open a new Bonus Saver account in Online Banking
Westpac customers can open a new Bonus Saver account in Online Banking, just select ‘New account’ from the ‘I want a…’ menu.
As soon as the account has been opened, you will be able to use it in Online Banking and via ATMs and EFTPOS terminals (if you choose to access your new account using your existing bank and credit cards).
Money you deposit or withdraw on the last business day of the month counts towards your bonus calculation the next month. Any interest paid by Westpac does not count as a deposit.
You can get a copy of the current disclosure statement for Westpac New Zealand Limited and a copy of the investment statement for any securities for which an investment statement is required from any Westpac branch in New Zealand free of charge. Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand.
The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.
