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Westpac Bonus Saver PIE.
A savings account with serious benefits: make unlimited withdrawals, earn a bonus rate of return¹ and enjoy potential tax savings.
Benefits.
- Earn a bonus rate of return if on the last day of the month your balance is $20 greater than on the last 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.
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.
What’s a PIE?
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 $53,501 to $78,100.
***Individuals with taxable income of $78,101 to $180,000.
****Individuals with taxable income of over $180,000
1 You can earn a bonus return as long as on the last day of the month your balance is $20 greater that the last day of the month prior. The $20 excludes returns 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.
Our Savings & Investment Chooser tool is free and provides you recommendations on which of our savings and term investment options best suit you.
Opening a Westpac Bonus Saver PIE.
Visit a branch
Make an appointment at your local branch and bring your passport or drivers’ licence and proof of address.
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 day of the month your balance is $20 greater that the last 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.
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.
A copy of the Trust Deed for the Fund can be accessed here.
Here's the latest View the latest Westpac Term PIE, Cash PIE, Notice Saver PIE Annual Report for the year ended 31 March 2024.