Benefits.

  • Open a Westpac Bonus Saver, Westpac Bonus Saver PIE or Notice Saver account and start saving money towards your deposit.
  • For Westpac Bonus Saver and Westpac Bonus Saver PIE, make unlimited withdrawals and still earn a bonus rate if you increase your balance by $201 each month.
  • For Notice Saver, focus on saving towards a goal with 32 days’ notice before you can make a withdrawal. It earns our highest savings return for an account that you can add money to anytime. Notice Saver is a PIE option, so if you’re a New Zealand tax resident paying 30% or more tax, you could benefit from the tax rate of 28%.
  • You could get a $1,000 first home booster per property2 when you draw down a Westpac home loan3 (unless you receive a cash contribution from us).
Couple unpacking kitchen boxes into new home

Get in touch.

Talk to us

Speak to one of our friendly staff who can help. Call us from 8am to 6pm Monday to Friday, 9am to 2pm Saturday.

Call 0800 177 277

Visit us

Make an appointment to talk to a home loan expert in branch. Bring your passport, driver licence and proof of address.

Find a branch

Things you should know.

1 Monthly bonus rates are available for the Westpac Bonus Saver or Westpac Bonus Saver PIE as long as on the last business day of the month the 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.

To be eligible for a first home booster of $1,000: You must have been a member of the HomeSaver programme for at least 6 months, have a minimum balance of $10,000 in your HomeSaver specific Westpac Bonus Saver, Westpac Bonus Saver PIE or Notice Saver account and draw down a Westpac home loan. There is a maximum of one first home booster per property and it cannot be used in conjunction with any other offers. You will not be eligible for a first home booster if you receive a cash contribution from Westpac when you draw down your home loan. The first home booster will be paid into your Westpac transaction account after drawdown. To receive a first home booster, you must not have owned property in New Zealand previously.

3 Westpac's current eligibility criteria, home loan lending criteria, terms and conditions apply. An establishment fee may apply. A Low Equity Margin may apply.

The HomeSaver programme includes the Westpac Bonus Saver, Westpac Bonus Saver PIE, or Notice Saver account. Payments can be made directly out of your Westpac Bonus Saver or Westpac Bonus Saver PIE account. Notice Saver requires 32 days’ notice for withdrawal. You must have a New Zealand bank account to make withdrawals from your Notice Saver account. No minimum balance is required for these accounts.

Westpac Bonus Saver PIE is offered under the Westpac Cash PIE Fund and Notice Saver is offered under the Westpac Notice Saver PIE Fund. Investments made in the Westpac Cash PIE Fund and/or the Westpac Notice Saver PIE Fund (each a "Fund" and together the "Funds") 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. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac group of companies nor any other person guarantees the performance or returns of, or repayment of capital by a 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 Funds and Westpac NZ transaction accounts. You can get more information and free copies of the Disclosure Statement for Westpac NZ, the term sheet for each Fund and Westpac NZ’s General Terms and Conditions from any Westpac branch. See a copy of the Trust Deed for each Fund.

Details of fees are available at westpac.co.nz. 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.

The HomeSaver programme cannot be used in conjunction with any other offers. Terms and conditions are subject to change at any time at Westpac's discretion. Westpac New Zealand Limited.

Terms, conditions, fees and charges apply to Westpac products and services. For more details, refer to westpac.co.nz. Some products, services and offers may only be available to New Zealand residents.