Benefits.

  • Earn a bonus rate of return if your balance is $20 greater than on the last business day of the month before¹
  • Returns paid monthly and compounded
  • Unlimited withdrawals and immediate access to your money
  • No monthly account maintenance fees²
  • Enjoy potential tax savings

Smart money tools.

Bank on the go

Manage your account through Westpac One® online banking, phone banking, a Westpac ATM³, or at a branch.

Learn more

Split your salary

Automatically split your regular income into multiple accounts with Salary Splitter.

Find out more

Track your spending

CashNav® is our free money management app that automatically tracks how much money you spend and then categorises what you spend it on.

Discover CashNav

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

What’s a PIE?

PIE stands for Portfolio Investment Entity. A PIE account can help you save more of your money because you could pay less tax if you are on the right Prescribed Investor Rate (PIR).

Rates.

Rates of return are subject to change.

*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 Westpac Bonus Saver PIE, 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 of over $180,000.

1 You can earn a 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.

Fees.

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.

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

Savings & Investment Chooser tool.

Is this right for you?

Our Savings & Investment Chooser tool is free and provides you recommendations on which of our savings and term investment options best suit you, based on your answers to some questions.

Opening a Westpac Bonus Saver PIE.

Talk to us

Speak to one of our friendly specialists who can help. 

Call 0800 400 600

Visit a branch

Make an appointment at your local branch and bring your passport or drivers’ licence and proof of address.

Find a branch

Things you should know.

For important information about Westpac Bonus Saver PIE, please download the Westpac Cash PIE Fund Term Sheet. We recommend you read this before making an investment.

Set up your regular deposit as an automatic payment near the middle of the month.

1  You can earn a 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 returns earned on the account and/or Westpac fees charged to the account. 

2 Transaction and service fees still apply, for example clearance fees. Refer to the Transaction and Service Fees brochure for details (also available free of charge from any Westpac branch). 

3 ATM access is for balance enquiry, funds transfers and deposits only - no cash withdrawals can be made.

A month starts on the day after the last business day of the calendar month and finishes on the last business day of the following month.

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

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 2020, please click here.