Term investment terms, rates & fees.

Notice Saver Fees.

Note: Service fees may still apply.

Westpac Bonus Saver Fees.

Payments can be made directly from your Westpac Bonus Saver account. ATM access is for balance enquiry, funds transfers and deposits only. Cash withdrawals can be made in branch. These fees relate to Westpac Bonus Saver only. Standard fees will apply to the account which money is being transferred to or from.

Westpac Bonus Saver PIE Fees.

Fee exemptions available for customers 65 and over, superannuitants and under 19 year olds. Service fees may still apply. See the Transaction and Service Fees brochure for details.

* Manual withdrawal fees and paper statement fees are charged by BT Funds Management (NZ) Limited as manager and issuer of the Westpac Cash PIE Fund.

Simple Saver Fees.

Service fees may still apply.

1 First manual or electronic withdrawal each month is free.

Online Saver Fees.

The Online Saver Account is no longer available for new accounts.

Note: Service fees may still apply.

These fees relate to Online Saver only. Standard fees will apply to the account which money is being transferred to or from.

Online Saver PIE Fees.

The Online Saver PIE Account is no longer available for new accounts.

Fees are subject to change.

Fee exemptions available for customers 65 and over, superannuitants and under 19 year olds. Service fees still apply. See the Transaction and Service Fees brochure for details.

Save & Win Fees.

The Save & Win Account is no longer available for new accounts.

Note: Fee exemptions available to under 19 year olds. Service fees may still apply.

Cash Management Account Fees.

The Cash Management Account is no longer available for new accounts.

Note: Service fees may still apply.

Simple Saver - interest rate.

Interest is calculated daily, and the same rate applies whatever your balance.

Notice Saver - rate of return.

More about Notice Saver

* The Effective Return is the rate you would need to receive from a regular savings account in order to achieve the same after tax return from your Notice Saver, based on a PIR of 28% and an income tax rate of either 30%, 33% or 39%.

** Individuals with taxable income of $48,001 to $70,000.

*** Individuals with taxable income of $70,001 to $180,000.

**** Individuals with taxable income over $180,000.

You must have a New Zealand bank account to make withdrawals from your Notice Saver account. Notice Saver is offered under the Westpac Notice Saver PIE Fund (the "Fund"). Investments made in the Fund do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited ("Westpac NZ") or other members of the Westpac group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac group of companies, Trustees Executors Limited (as trustee), or any director or nominee of any of those entities guarantees the Fund’s performance, returns or repayment of capital. Any rates of return are subject to change without notice.

You can get more information and free copies of the term sheet for the Fund from any Westpac branch or online here.

A copy of the Trust Deed for the Fund can be accessed here.

Westpac Bonus Saver - interest rates.

You could earn bonus interest as long as on the last business day of the month your balance is $20 greater than the last business day of the month prior. The $20 excludes interest earned on the account and/or Westpac fees charged to the account. If you need to access your money, payments can be made directly out of your Westpac Bonus Saver account.

Interest is calculated daily on the full credit balance and paid (less resident withholding tax) into your Westpac Bonus Saver account on the last business day of each month.

1 On the last business day of the month your account balance is $20 greater than on the last business day of the month prior. The $20 excludes interest earned on the account and/or Westpac fees charged to the account. 

Westpac Bonus Saver PIE - rates of return.

You can earn bonus return as long as on the last business day of the month your balance is $20 greater that the last business day of the month prior. The $20 excludes interest earned on the account and/or Westpac fees charged to the account. Payments can be made directly from your Westpac Bonus Saver PIE account. ATM access is for balance enquiry, funds transfers and deposits only. Cash withdrawals can be made in branch (a $2.50 fee applies).

1 You could earn bonus return as long as on the last business day of the month your balance is $20 greater that the last business day of the month prior. The $20 excludes interest earned on the account and/or Westpac fees charged to the account. 


* The Effective Return is the rate you would need to receive from a regular savings account in order to achieve the same after tax return from your Cash PIE account, based on a PIR of 28% and an income tax rate of either 30%, 33% or 39%.

** Individuals with taxable income of $48,001 to $70,000.

*** Individuals with taxable income of $70,001 and $180,000.

**** Individuals with taxable income over $180,000.

The Westpac Bonus Saver PIE is offered under the Westpac Cash PIE Fund ("the Fund"). Investments made in the Fund do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited ("Westpac NZ"), or any other member of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), Trustees Executors Limited (as trustee), any member of the Westpac Group of companies nor any other person guarantees the Fund's performance, returns, or repayment of capital. Any rates of return are subject to change without notice. 

You can get more information and free copies of the term sheet for the Fund from any Westpac branch or online here.

A copy of the Trust Deed for the Fund can be accessed here.


ATM access is for balance enquiries, fund transfers and for deposits (if deposit facilities exist). No cash withdrawals from ATMs can be made.

Save & Win - interest rate.

The Save & Win Account is no longer available for new accounts.
Interest is calculated daily, and the same rate applies to all balances.

Online Saver - interest rate.

The Online Saver Account is no longer available for new accounts.

Online Saver PIE - rate of return.

The Online Saver PIE Account is no longer available for new accounts.

* The Effective Return is the rate you would need to receive from a regular savings account in order to achieve the same after tax return from your Online Saver PIE account, based on a PIR of 28% and an income tax rate of either 30%, 33% or 39%.

** Individuals with taxable income of $48,001 to $70,000.

*** Individuals with taxable income of $70,001 to $180,000.

**** Individuals with taxable income over $180,000.

The Westpac Online Saver PIE is offered under the Westpac Cash PIE Fund ("the Fund"). Investments made in the Fund do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited ("Westpac NZ"), or any other member of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), Trustees Executors Limited (as trustee), any member of the Westpac Group of companies nor any other person guarantees the Fund's performance, returns, or repayment of capital. Any rates of return are subject to change without notice. 

You can get more information and free copies of the term sheet for the Fund from any Westpac branch or online here.

A copy of the Trust Deed for the Fund can be accessed here.

More about Online Saver PIE

Cash Management Account - interest rate.

The Cash Management Account is no longer available for new accounts.

Things you should know.

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 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. Interest is calculated on your daily balance, and is paid (less withholding tax) into your account on the last business day of each month.