Benefits.

  • A chance to win one of five prizes of $10,000, plus 500 prizes of $100 each month.
  • Every $1 of your average monthly balance gives you one entry in the draw.
  • No monthly account maintenance fee, and free deposits¹.
  • Interest earned on your savings each month.

How it works.

With your Save & Win account, you could have the chance to win a share of $100,000 in cash each month. There are 5 major prizes of $10,000 and 500 prizes of $100.

To qualify for the monthly draw, you just need to make a single deposit of $10 or more during that month.

The more you save, the greater your chances of winning. Every $1 of your average monthly balance gives you an entry into the prize draw (e.g. if your average balance for March is $300, you get 300 chances to win that month; as long as you make a minimum deposit of $10 during March).

Features.

Link to a card

Link this account to a card for your existing transaction account or get an EFTPOS card to check balances or transfer money.

Learn more

Westpac One® online banking

Transfer funds and set-up automatic payments in Westpac One.

Learn more

Save with Sweep Over

Sweep Over automatically moves money from your transaction account to your Savings account, so you can save faster and have enough in reserve to cover unexpected bills. Set up in branch or call 0800 400 600.

Find your nearest branch

Rates.

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

Interest is calculated daily, and the same rate applies to all balances.

Fees.

You’ll pay no monthly account fees (however you will pay transaction fees for withdrawals), and deposits are free.

Fee exemptions available to under 19 year olds¹. If you need to make a withdrawal from your Save & Win account, it’s cheaper to do it online instead of at the branch ($1 per transaction compared to $3).

Winners.

Prize draw terms and conditions.

Things you should know.

Each Save & Win prize draw is subject to the prize draw eligibility criteria and terms and conditions.

1 Service fees still apply, for example: clearance fees and use of other banks’ ATMs. Refer to the Transaction and Service Fees brochure for details (also available free of charge from any Westpac branch). 

Interest rates and fees are subject to change without notice. 

The interest rates mentioned above are not available to financial institutions. Full details of Westpac’s General Terms and Conditions are available here, or 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.