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Online Saver account

Online Saver account image   An on-call savings account with tiered interest rates and no monthly account maintenance or transaction fees.*  
Westpac customers open a new account online
Westpac customers open a new account online

Account fees

Account fees icon Account fees
  > Online Saver
  > Bonus Saver
  > Simple Saver
  > Save & Win
  > Online Bonus Saver

Account interest rates

Account interest rates icon Account interest rates
  > Online Saver
  > Online Bonus Saver
  > Bonus Saver
  > Simple Saver
  > Save & Win

Contact us

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  > email
  > Westpac branches
  > Investment adviser
  > phone 0800 400 600
(7am to 11pm,
7 days a week)

Features of the Online Saver account
access through Online Banking, Phone Banking and ATMs, 24 hours a day, 7 days a week  
tiered interest rate—based on your account balance**  
no set investment term so you can access your money when you need it  
free on-call access—transfer funds with Online Banking, Phone Banking or at an ATM  
no minimum balance is required  
no monthly account maintenance fee or 'online' transaction fees.  
* To operate the Online Saver account, you must hold a Westpac transaction account. Any transfers from your Online Saver can only be made directly to your transaction account. ATM access is for balance enquiry and funds transfers only—no cash withdrawals can be made.
**Interest is calculated daily on the full credit balance and paid (less resident withholding tax) into your Online Saver account on the last business day each month.
Online account management
Managing your Online Saver account online is free and helps you keep track of your savings.
To make deposits into your Online Saver account you can
transfer funds using Online Banking, Phone Banking, or at an ATM  
set up an automatic payment, Payline split or SweepOver to regularly deposit funds from another account.  
Withdrawing money from your Online Saver account
you can make an electronic transfer to your Westpac transaction account, free of charge  
funds transferred from Online Saver into your Westpac transaction account are cleared funds and can be withdrawn immediately.  
Account statements
will be sent to you every six months  
can be stopped if you prefer to get your account information online.  
> login to Online Banking to stop your paper statements  
Open a new Online Saver account in Online Banking
Westpac customers can open a new Online Saver account in Online Banking, just select ‘New account’ from the ‘I want a…’ menu.
As soon as the account has been opened, you will be able to use it in Online Banking and via ATMs (if you choose to access your new account using your existing bank and credit cards).
> login to Online Banking to open a new Online Saver account now
Online Saver interest rates and fees
> Online Saver account fees
> Online Saver account interest rates
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 are subject to change.
The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.
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