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Westpac

17 products we hold published figures for
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Everything on this page is taken from Westpac's own published pages. Nobody there has reviewed or supplied it, and we are not them.

We hold figures for 17 of their products, each with the date it was read. If one is out of date, the page it came from is linked beside it.

Products we track

Credit cards

4 products
$0 · 12.90%
Fee$0Rate12.90%OverseasNoneDaysUp to 55
Conditions
  • Joint-lowest purchase rate in this table, alongside Kiwibank, and one of only two issuers charging nothing on foreign currency.
  • Cash advances are charged at 19.95% p.a.
Checked 16 September 2026
Source
$40 · 20.95%
Fee$40Rate20.95%Overseas1.83%DaysUp to 55
Conditions
  • Westpac describe the 1.83% as charged on foreign currency purchases, foreign cash withdrawals, and any overseas bank or vendor fees on the transaction.
Checked 16 September 2026
Source
$70 · 20.95%
Fee$70Rate20.95%Overseas1.83%DaysUp to 55
Conditions
  • Westpac charge $70 a year, taken as two six-monthly instalments of $35.
Checked 16 September 2026
Source
$285 · 16.95%
Fee$285Rate16.95%Overseas1.83%DaysUp to 44
Conditions
  • Westpac charge $285 a year, taken as two six-monthly instalments of $142.50, and state it is refunded above a spend threshold.
Checked 16 September 2026
Source

Everyday accounts

1 product
Everyday
No monthly account fee · Not published
FeeNo monthly account feeTxnsElectronic free, $2.50 manualInterestNot publishedOverseas1.83% on Westpac Debit MastercardSource
Conditions
  • Manual withdrawals are capped at $5 per monthly charge cycle. A paper statement is $2.
  • Westpac state no monthly account or electronic transaction fees; the published fee schedule prices only manual withdrawals, paper statements and an unarranged overdraft.
  • Manual withdrawal waivers are available to customers 65 and over, superannuitants and under 19s.
Checked 17 September 2026
Source

Business accounts

3 products
Business Transact account
$7 a month, with no published waiver. · 100 a month
Monthly fee$7 a month, with no published waiver.Transaction fees100 free a month, then 25cIncluded100 a monthInterestNoneEligibilitySmall and medium businesses
Conditions
  • Westpac ATM withdrawals and EFTPOS debit transactions are free, and the allowance covers deposits and withdrawals.
  • The 25c covers manual and teller-assisted withdrawals and deposits, ATM deposits, bill payments, automatic payments paid or received, online and phone transfers, direct credits received and direct debits paid. It does not cover bulk payments imported through Business Online or Corporate Online.
  • No turnover ceiling is published.
  • Westpac's fee schedule shows no credit interest for the Business Transact account, where the Business Interest account in the same table is marked as paying it; that is a published nil rather than an absence.
Checked 18 September 2026
Source
Business Interest account
$4 a month, rebated at $5,000+ balance · No allowance
Monthly fee$4 a month, rebated at $5,000+ balanceTransaction fees30c electronic, 75c manual (n/a)IncludedNo allowanceInterestEarns interest, rate not publishedEligibilityBusinesses; no turnover ceiling
Conditions
  • The $4 rebate applies when the average monthly balance is $5,000 or more, and manual transactions are not available on this account.
  • The $4 rebate can cancel the maintenance fee but never exceeds the account charges paid, so it is a rebate rather than a waiver.
  • The 30c covers EFTPOS, Westpac ATM transfers and withdrawals, automatic payments, direct debits and credits, bill payments, and online and phone banking payments. The 75c would cover Westpac ATM deposits and branch deposits and withdrawals.
  • Transactions are charged from the first, and the rebate offsets account maintenance rather than transactions.
  • Westpac states the account earns credit interest but does not publish the rate on the fee page, saying rates can change and are available on enquiry.
  • The rebate is not a waiver of the fee: it is paid only when the average monthly balance reaches $5,000 and is capped at the maintenance and transaction charges paid that month.
Checked 18 September 2026
Source
Non-Profit Organisation account
No monthly account maintenance fee. · No allowance, no fees
Monthly feeNo monthly account maintenance fee.Transaction feesNo electronic or manual feesIncludedNo allowance, no feesInterestEarns interest, rate not publishedEligibilityNon-profit organisations
Conditions
  • The account charges no electronic transaction fee and no manual transaction fee, so no allowance applies.
  • Open to non-profit organisations, with some conditions; a different eligibility gate from the business accounts, which is why it is a separate row.
  • Westpac states the account earns credit interest but does not publish the rate on the fee page; the rate is available on enquiry.
  • The non-standard service fees are: direct debit payments $0.35 each, phone banking $10 per user per six-month period, a staff-assisted transfer to another bank $4, and $3 per authority to set up or amend an automatic payment or direct debit.
  • Non-profit organisations and Solicitor Nominated Trust accounts are exempt from cash-handling clearance fees.
Checked 18 September 2026
Source

KiwiSaver schemes

1 product
Westpac KiwiSaver Scheme
None · 0.25%–0.70%
Member feeNoneFund charge0.25%–0.70%Funds8
8 funds in this scheme
  • High Growth FundFund charge0.70%Performance feeNone
  • GrowthFund charge0.55%Performance feeNone
  • BalancedFund charge0.50%Performance feeNone
  • Default BalancedFund charge0.40%Performance feeNone
  • ModerateFund charge0.40%Performance feeNone
  • ConservativeFund charge0.40%Performance feeNone
  • Defensive ConservativeFund charge0.40%Performance feeNone
  • CashFund charge0.25%Performance feeNone
Checked 17 September 2026
Source

Savings accounts

3 products
Simple Saver
0.35% p.a. on all balances · Not published
Base rate0.35% p.a. on all balancesBonus rateNone.Bonus conditionsNone.TotalNot publishedNoticeOn call; no electronic access feesFeesNo monthly fees; branch withdrawal $3
Conditions
  • The same rate applies whatever the balance.
  • The rate does not change with balance, deposits or withdrawals.
  • Branch manual withdrawals cost $3 each; electronic access is free.
Checked 9 October 2026
Source
Bonus Saver
0.05% p.a. base interest · 1.75% published potential total
Base rate0.05% p.a. base interestBonus rate1.70% p.a. bonus interestBonus conditionsMonth-end balance $20 higher than lastTotal1.75% published potential totalNoticeOn call; unlimited withdrawalsFeesNo monthly fee; branch withdrawal $2.50
Conditions
  • Base interest is calculated daily on the full credit balance.
  • The balance on the last day of the month must be $20 greater than on the last day of the prior month.
  • Westpac publishes 1.75% as the potential interest rate, equal to base plus bonus.
Checked 9 October 2026
Source
Notice Saver
3.00% p.a. variable return · Not published
Base rate3.00% p.a. variable returnBonus rateNone.Bonus conditionsNone.TotalNot publishedNotice32 days before each withdrawalFeesNo fee; text and phone banking free
Conditions
  • Westpac publishes only the Term PIE Fund rate of return (3.00% p.a. variable), not a plain deposit rate. The page also shows the effective rates at 30%, 33% and 39% PIR as what those tax rates produce, not as separate published rates: 3.09%, 3.22% and 3.54%.
  • The rate of return is paid on the daily balance.
  • The rate is set by the notice period, not a deposit or withdrawal condition.
Checked 9 October 2026
Source

Term deposits

1 product
Term deposit
3.45% p.a. · 4.00% p.a.
3 mo2.85% p.a.6 mo3.45% p.a.9 mo3.70% p.a.12 mo4.00% p.a.18 mo4.30% p.a.24 mo4.30% p.a.5 yr4.85% p.a.
Conditions
  • Minimum deposit: $5,000. Rates apply up to $5,000,000 in total deposits held with Westpac.
  • Interest paid: At maturity under six months; at maturity, monthly or compounding for six months or longer.
  • Early withdrawal: Allowed only with Westpac's agreement after a 7-working-day cooling-off period; a reduced rate is likely to apply.Source
  • Westpac's featured 9-month rate on the term deposit page is 3.70% p.a., the same figure in its rates table, so it is not a standout rate.
  • The Westpac Term PIE Fund table on the rates page is a separate PIE product and is not carried in these columns.
  • Westpac publishes 30 and 60-day and 4, 5 and 8-month terms and 3 and 4-year terms as well; only the seven compared terms are carried.
Checked 9 October 2026
Source

Youth accounts

4 products
Youth account
Fee-free, in Westpac's own word. Fees begin on turning 19. · Three savings options: Simple Saver 0.35% p.a. on all balances, Bonus Saver a 1.75% p.a. potential rate of return, and Notice Saver 3.00% p.a. on all balances.
AgeFor children and teenagers up to 19. A parent or guardian manages it for a child of 0 to 12, when it is an 'Agent Transacts For' account; responsibility can pass to the young person from 12 and is theirs from 16. Fees begin at 19.Monthly feeFee-free, in Westpac's own word. Fees begin on turning 19.InterestThree savings options: Simple Saver 0.35% p.a. on all balances, Bonus Saver a 1.75% p.a. potential rate of return, and Notice Saver 3.00% p.a. on all balances.Bonus conditionsBonus Saver's 1.75% needs the balance on the last business day of the month to be at least $20 higher than on the last business day of the previous month, excluding interest and fees. Notice Saver's 3.00% needs 32 days' notice before a withdrawal.CardEFTPOS card, or a Westpac Debit Mastercard from 15, with a parent or guardian signing the application for a holder under 18.SourceAt the limitWestpac states Youth accounts begin to incur fees on turning 19. The page does not state an automatic switch to a named adult account.
Conditions
  • The Youth account is a wrapper: it opens an Everyday transaction account and the holder chooses one of the three savings accounts, so the interest column carries three published rates rather than one.
Checked 9 October 2026
Source
Career Starter account
No monthly account maintenance fee and no electronic transaction fees. The account is built on a Westpac Everyday account. · None published by the issuer for the account itself. A Westpac Bonus Saver account is offered alongside it and Westpac states it earns bonus interest.
AgeFor people 16 to 20 years old who have just started working full-time. Westpac does not publish an age the account stops at on this page.Monthly feeNo monthly account maintenance fee and no electronic transaction fees. The account is built on a Westpac Everyday account.InterestNone published by the issuer for the account itself. A Westpac Bonus Saver account is offered alongside it and Westpac states it earns bonus interest.Bonus conditionsNot published on this page. Westpac states the Bonus Saver pays bonus interest and does not state its condition or rate here.CardNo annual fee on a Westpac Debit Mastercard, and the Airpoints Debit Mastercard annual fee is waived for the life of the account. A Debit Mastercard needs the holder to be 15 or older.SourceAt the limitThe page does not state an age it stops at. Its FAQ asks what happens after a period in the job, but the answer is behind the question and is not stated on the page.
Conditions
  • This is a young-adult account rather than a children's account; it is one of the age-gated accounts the everyday table excluded.
Checked 9 October 2026
Source
Tertiary account
No monthly account maintenance fee and no electronic transaction fees. The account is built on a Westpac Easy Access account. · None published by the issuer for the account itself. A Westpac Bonus Saver account is offered alongside it and Westpac states it earns bonus interest.
AgeFor people moving into full-time or part-time tertiary study, or an apprenticeship. Westpac does not publish an age range on this page.Monthly feeNo monthly account maintenance fee and no electronic transaction fees. The account is built on a Westpac Easy Access account.InterestNone published by the issuer for the account itself. A Westpac Bonus Saver account is offered alongside it and Westpac states it earns bonus interest.Bonus conditionsNot published on this page. Westpac states the Bonus Saver pays bonus interest and does not state its condition or rate here.CardNo annual fee on a Westpac Debit Mastercard, and the Airpoints Debit Mastercard annual fee is waived for the life of the account. A Debit Mastercard needs the holder to be 15 or older.SourceAt the limitThe page does not state an age it stops at. Its FAQ says only that a holder who finishes study can discuss changing to a Graduate account.
Conditions
  • The gate is study, not age, which is why the age range column says Westpac publishes no age range rather than inventing one.
Checked 9 October 2026
Source
Graduate account
No monthly account maintenance fee and no electronic transaction fees. The account is built on a Westpac Easy Access account. · None published by the issuer for the account itself. A Westpac Bonus Saver account is offered alongside it and Westpac states it earns bonus interest.
AgeFor people who have finished tertiary study and are moving into full-time work. Westpac does not publish an age range on this page.Monthly feeNo monthly account maintenance fee and no electronic transaction fees. The account is built on a Westpac Easy Access account.InterestNone published by the issuer for the account itself. A Westpac Bonus Saver account is offered alongside it and Westpac states it earns bonus interest.Bonus conditionsNot published on this page. Westpac states the Bonus Saver pays bonus interest and does not state its condition or rate here.CardNo annual fee on a Westpac Debit Mastercard, and the Airpoints Debit Mastercard annual fee is waived for the life of the account. A Debit Mastercard needs the holder to be 15 or older.SourceAt the limitThe page does not state an age it stops at.
Conditions
  • The gate is finishing study, not age, which is why the age range column says Westpac publishes no age range rather than inventing one.
Checked 9 October 2026
Source
SourceEvery figure on this page was read from Westpac's own published pages. We are not Westpac and this page is not theirs.
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The facts
Products we hold figures for
17
Oldest figure here
16 September 2026
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16 pages they publish
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