• Potential tax savings for a range of investors.
  • Receive a competitive return, no matter how many transfers you make from your account.
  • Returns calculated daily, and paid monthly.
  • No account maintenance or transaction fees.


Rates of return are subject to change.

1The 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 Prescribed Investor Rate of 28% and an income tax rate of either 30%, 33% or 39%.
2 Individuals with taxable income of $48,001 to $70,000.
Individuals with taxable income of $70,001 to $180,000.
4Individuals with taxable income of over $180,000.


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.

Things you should know.

To operate the Online Saver PIE account, you must have a Westpac transaction account. Transfers from your Online Saver PIE account can only be made directly to your transaction account.

Your Online Saver PIE requires an on-going minimum balance of $500.

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 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, 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 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 Disclosure Statement for Westpac NZ here or the term sheet for any of the Funds from any Westpac branch.

A copy of the Trust Deed for the Fund can be accessed here. To view the latest Westpac Term PIE, Cash PIE, Notice Saver PIE Annual Report for the year ended 31 March 2021, please click here.

For important information about Online Saver PIE, please download the Westpac Cash PIE Fund Term Sheet (PDF).