Westpac Savings & Term Investment Accounts.

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Everyone’s a bit different in the way they save. That’s why we’ve got lots of different account options so you can save the way you want with an account that suits your needs. What kind of saver are you?

– What are your savings goals – how much and by when? – Are you able to save regularly or just from time to time? – How often do you think you might need to dip into your

savings? – Can you pay less tax on your savings and reach your goals

faster?

With this in mind, follow the flow chart on page 4 to help see which savings option is likely to best suit you.

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Contents.

Which is the best account for you? 4

Westpac Bonus Saver 5

Westpac Bonus Saver PIE 6

Notice Saver 7

Simple Saver 8

Term Investments 8

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Which savings account is best for you?

Money accessible anytime

Money locked away

Can you grow your savings each month?

Do you wish to add more funds to your investment

at any time?

Yes No

Notice Saver (P7)

Term Investments

(P10-11)

Tax benefit Do you earn over $48k or

have a 30% or 33% tax rate?

No

Yes

YesNo

Westpac Bonus

Saver PIE (P6)

Simple Saver (P8-9)

Westpac Bonus Saver (P5)

If you would like to discuss longer term investment options, please contact Wealth Direct on 0800 942 822.

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Westpac Bonus Saver.If you’re looking to be rewarded for saving regularly, the Westpac Bonus Saver account could be right for you.

A Westpac Bonus Saver account could be right for you if:

– Want to be rewarded for saving regularly – Can deposit $20 into your account each month1

What you’ll receive.

– A base rate of interest, with a bonus interest rate each month2, as long as on the last business day of the month your balance is $201 greater than on the last business day of the prior month

– No monthly account maintenance fees, electronic transaction fees or deposit transaction fees3

– Free electronic statements; paper statements are $1.50 each – The ability to transfer funds to your Westpac transaction

account via Westpac One online banking, Mobile Banking and ATMs & to make payments directly out of your Westpac Bonus Saver account via Westpac One

– The option to set up Salary Splitter which allows you to split your income into as many as six Westpac accounts

– The option to set up Sweep Over which automatically transfers money from a different account so you always have a certain amount in it

– A choice of cross counter, branch deposit boxes and smart ATMs to make cash or cheque deposits

– Branch deposits and withdrawals available4

1. The $20 excludes interest earned on the account and/or Westpac fees charged to the account.

2. Interest is calculated daily on the full credit balance and paid (less withholding tax as applicable) into your Westpac Bonus Saver account on the last business day of the month.

3. Service fees may still apply, for example overdrawn or line of credit charges, clearance fees and for use of other banks’ ATMs. Fees may apply to the transaction account to and from which you’re transferring money.

4. Branch staff assisted withdrawals are $2.50 each.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.

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Westpac Bonus Saver PIE.

Westpac Bonus Saver PIE.Want higher returns and less tax? The Westpac Bonus Saver PIE account could give you just that. If you earn over $48,000 or have a 30% or 33% tax rate, you won’t need to pay more than 28% tax with a Westpac Bonus Saver PIE account. That’s more savings for you.

Westpac Bonus Saver and Westpac Bonus Saver PIE fees.

Fee type Fee

Account maintenance fee Free*

All electronic deposits; deposits through branch deposit boxes and ATMs with deposit facilities

Free*

Online banking transfers Free*

Westpac ATM balance enquiry/transfer of funds

Free*

Branch/counter withdrawal $2.50 each

Paper statement- Scheduled posted statement

$1.50 per statement

Electronic statement Free

Phone Banking transfers First ten calls each month are free (then 50c per call)

Fee exemptions.There are no transaction fees for Westpac Bonus Saver and Westpac Bonus Saver PIE accounts if you’re under 19 years, or 65 years or over.

*There are additional charges if you use your account for foreign currency transactions. Service fees may still apply for example overdrawn or line of credit charges and clearance fees for using other banks’ ATMs. For details refer to the Westpac Transaction and Service Fees brochure online, or ask in branch or call us on 0800 400 600 for a copy. The above fees relate to the Westpac Bonus Saver and Westpac Bonus Saver PIE accounts only. If fees apply to the account to and from which money is being transferred, standard fees will apply. Westpac 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 other members 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), any member of the Westpac group of companies, Trustees Executors Limited (as trustee), or any director or nominee of any of those entities guarantees the Fund’s performance, returns or repayment of capital. Westpac NZ’s General Terms and Conditions apply to investments in the Fund. Free copies of the Disclosure Statement for Westpac NZ, the term sheet for the Fund, and Westpac NZ’s General Terms and Conditions are available from any Westpac NZ branch.

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Notice Saver. Focus on saving towards a particular goal, with 32  days’ notice before you can make a withdrawal. As a reward, earn a term deposit sized return with potential tax savings too.

It could be right for you if:

– You’re saving for a medium or longer-term goal like a car or holiday or you want a dedicated Christmas savings account

– You want to plan ahead for upcoming expenses, such as home renovations, GST or supplier payments

– You don’t want the hassle of reinvesting multiple term deposits – You want the potential to pay less tax on your savings

What you’ll receive:

– Higher returns than a traditional savings account – The ability to add money at any time – Potential tax advantages that aren’t available through regular

savings accounts or term deposits – The option to make deposits through online banking, phone

banking, using our deposit boxes in branch or by using Salary  Splitter, a Sweep Over facility, automatic payments, direct credits or bill payments

– No account maintenance or transaction fees – Returns can be paid into your Notice Saver account or another

Westpac account

Notice Saver is offered under the Westpac Notice Saver PIE Fund (“the Fund”). Investments in the Fund do not represent bank deposits or liabilities of Westpac New Zealand Limited (“Westpac NZ”) or any other member of the Westpac group of companies, and are subject to investment and other risks. None of BT Funds Management (NZ) Limited (as manager), Trustees Executors Limited (as trustee), any Westpac group company or any person guarantees the Fund’s performance, returns or repayment of capital. Any rates of return are subject to change. Westpac NZ’s General Terms and Conditions apply to investments in the Fund. You can get more information and free copies of the Disclosure Statement for Westpac NZ, the term sheet for the Fund and Westpac NZ’s General Terms and Conditions from any Westpac NZ branch.

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Simple Saver.The name says it all. If you want a no-fuss savings account with a range of access options, including in branch, then Simple Saver could be right for you.

A Simple Saver account could be right for you if:

– Need encouragement not to dip into your funds – any more than one withdrawal per month will incur transaction fees

– Generally make no more than one withdrawal per month. If you need to make more withdrawals, it’s cheaper to use Westpac ATMs, online banking or Mobile Banking than make manual transactions

– If you make any additional electronic withdrawals, you’ll pay $1 per withdrawal

What you’ll receive:

– Monthly interest on your savings, calculated daily and paid monthly

– The ability to transact in branch, via online banking, Mobile Banking and ATMs

– The option to set up Salary Splitter which allows you to split your income into as many as six Westpac accounts

– The option to set up Sweep Over which automatically transfers money to or from a different account so you always have a certain amount in it

– No monthly account maintenance fees* – One free manual or electronic withdrawal per month

* Service fees may still apply. For example overdrawn or line of credit charges, clearance fees, online bill payments. Interest is calculated on your daily balance and is paid (less withholding tax as applicable) into your Simple Saver account on the last business day of the month.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.

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Fees.

Fee Type Fee

Account maintenance fee Free*

All electronic, ATM and branch deposits Free*

Westpac ATM balance enquiry Free*

First manual or electronic withdrawal each month

Free*

Additional electronic withdrawals $1

Additional manual withdrawals (cheque and cash withdrawals over the counter in branch)

$3

Phone Banking transfers First ten calls each month are free (then 50c per call).

Text you receiveText you send

Free.May incur charges from your mobile service provider. Please contact your mobile service provider for details of their fees and charges.

*There are additional charges if you use your account for foreign currency transaction. Service fees may still apply for example overdrawn or line of credit charges. For details refer to the Westpac Transaction and Service Fees brochure online, or ask in branch or call us on 0800 400 600 for a copy.The above fees relate to Simple Saver accounts only.

Fee exemptions.

There are no transaction fees for Simple Saver accounts if you’re under 19 years. Once you turn 19, fees will apply.

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Term Investments.If you’re looking to invest, but want something simple and hassle free, a Westpac Term Investment could be the answer. All you have to do is put away a lump sum for a fixed term and you’ll earn a competitive fixed interest rate or rate of return.

A Term Deposit could be right for you if you:

– Have $5,000 or more to invest – Want a choice of how long you want to invest – Want the certainty of a fixed return – Want the option of getting a regular income from your deposit or

have it compounded for faster growth, depending on your term – Can be sure you don’t need the money before the end of the

fixed term*

What you’ll receive:

– A competitive fixed interest rate to maximise your savings – The ability to easily set up, reinvest or view your investment

with online banking – Depending on your term, the option to earn regular income or

have returns compounded for faster growth – An opportunity to split your investment over a range of different

maturity periods to improve your return. Find out how you can benefit by trying our online Split Term Calculator at westpac.co.nz/splitinvestment

* Term deposits are investments for a fixed term. Outside of the 7 business day cooling off period, you can only withdraw all of part of your term deposit early if we agree and if you have given us 32 days’ prior notice or you are suffering from hardship. In deciding whether to agree, we apply our Early Withdrawal Policy, which may change from time to time. A reduced rate of interest will apply unless determined otherwise under our Early Withdrawal Policy. For full details, refer to our Early Withdrawal Policy available at westpac.co.nz/term-investments, ask in branch or call us on 0800 400 600 for a copy. You can get a copy of the current disclosure statement for Westpac New Zealand Limited and a copy of the term sheet for Westpac Term Deposits from any Westpac branch in New Zealand free of charge.

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Investments made in the Westpac Term PIE Fund (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 other members 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), any member of the Westpac group of companies, Trustees Executors Limited (as trustee), or any director or nominee of any of those entities guarantees the Fund’s performance, returns or repayment of capital. Westpac NZ’s General Terms and Conditions apply to investments in the Fund.

Free copies of the Disclosure Statement for Westpac NZ, Westpac NZ’s General Terms and Conditions and the term sheet for the Fund are available from any Westpac branch in New Zealand.

Westpac Term PIE Fund.

Do you have $5,000 or more to invest?

Are you looking to earn a little more bang for your buck? The Westpac Term PIE Fund has special tax rules that could result in less tax on your returns, which means more money in your back pocket.

To find out more about Westpac’s Term Investments.

For more information, including interest rates and investment options, visit westpac.co.nz/term-investments

Would you like to apply?

If you’d like to know more, call 0800 400 600 between 7am and 11pm, 7 days a week – or visit your nearest Westpac branch. You can also visit us at westpac.co.nz to find out about other ways we can help.

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Terms and Conditions. Information in this brochure and the rates, terms, conditions, fees and charges for each product are current as at 2 July 2019 and may vary from time to time. The information in this brochure is provided for general purposes only and does not take into account your particular financial situation or goals. You can get a copy of the current disclosure statement for Westpac New Zealand Limited and the applicable term sheet for your investment, from any Westpac branch free of charge. Westpac Bonus Saver PIE is offered under the Westpac Cash PIE Fund, Notice Saver is offered under the Westpac Notice Saver PIE Fund, and Term PIE is offered under the Westpac Term PIE Fund. Investments made in the Westpac Cash PIE Fund, Westpac Term PIE Fund and the Westpac Notice Saver PIE Fund (together “the Funds”) do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141 (Westpac), Westpac New Zealand Limited (Westpac NZ) or other members of the Westpac group of companies. The Funds 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 of the Funds, Westpac NZ, Westpac, any member of the Westpac group of companies (or any of their nominees), Trustees Executors Limited, any director of any of those entities, guarantees the Funds’ performance, returns or repayment of capital. Rates of return are subject to change. Westpac New Zealand Limited. 72312WT-14 07-19