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Simple Saver.
A fuss-free savings account that gives you the same interest rate, no matter your balance.
Benefits.
- Earn the same interest rate, no matter how much you have in the account or how often you take money out.
- No monthly account fee.
- No fees for transferring funds or using digital banking to pay bills or friends.
- No minimum balance necessary.
- 24/7 fraud protection with Online Guardian.
Smart money tools.
Bank on the go
Manage your account through Westpac One® digital banking, phone banking, a Westpac ATM, or at a branch.
Split your salary
Automatically split your regular income into multiple accounts with Salary Splitter.
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.
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.
Rate.
Fees.
No monthly account, electronic or deposit fees charged. Fees are subject to change.
| Fee type | Fee amount | Frequency |
| Monthly account fee | Free | |
| All deposits Including ATMs | Free | |
| Electronic withdrawals ATM transfers, automatic payments, direct debits, bill payments, digital banking and phone banking payments | Free | |
| First manual withdrawal | Free | Monthly |
| Subsequent manual withdrawals Withdrawals at a Westpac branch | $3 | Per withdrawal |
| Electronic statements | Free | |
| Paper statements | $2 | per statement |
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).
Savings & Investment Chooser tool.
Our Savings & Investment Chooser tool is free and provides you recommendations on which of our savings and term investment options best suit you.
Open an account.
New to Westpac?
Open a Simple Saver in minutes online. All you need is your New Zealand Passport or driver licence for verification.
Already a Westpac customer?
Apply via Westpac One® online banking. If you're not yet registered for Westpac One, call us on 0800 400 600 and press 6.
Things you should know.
ATM access is for balance enquiry, funds transfers and deposits only - no cash withdrawals can be made.
Interest is calculated on your daily balance, and is paid (less withholding tax) into your account on the last day of each month unless otherwise nominated.
Terms, conditions, fees and charges apply to Westpac products and services. See the Westpac General Terms and Conditions for details.