there is no account maintenance fee and the first manual or electronic withdrawal each month is free
there are no restrictions around how often you deposit or withdraw money each month—access your money when you need it
set rate of interest—earn the same interest rate every month, regardless of your account balance*
flexibility—deposit or withdraw your money at any time
access your money quickly and easily with phone or Online Banking, or at any branch.
Open a new Simple Saver account in Online Banking
Westpac customers can open a new Simple 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 and EFTPOS terminals (if you choose to access your new account using your existing bank and credit cards).
*Interest is calculated on your daily balance, and is paid (less withholding tax) into your Simple Saver account on the last business day of each month.
You can get a copy of the current disclosure statement for Westpac New Zealand Limited and a copy of the investment statement for any securities for which an investment statement is required from any Westpac branch in New Zealand free of charge. Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand.
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.
