Westpac Savings and Term Investment Accounts

Westpac Savings and Term Investment Accounts

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 suit you best. Contents Which is the best account for you? 4 Online Bonus Saver 5 Online Bonus Saver PIE 6 Notice Saver PIE 7 Simple Saver 8 Term Investments 10 3

Which savings account is best for you? Money accessible anytime For your savings account, do you need to do your banking at a branch, or can you do it online or at an ATM? Branch Tax benefit Do you earn over $48k or have a 30% or 33% tax rate? No Online Yes Money locked away Are you likely to require all or a portion of your funds before the fixed term ends? Yes No Online Bonus Saver If you re looking to be rewarded for saving regularly, the Online Bonus Saver account could be right for you. An Online Bonus Saver account could be right for you if: Want to be rewarded for saving regularly Are a committed saver, making no withdrawals and at least one deposit each month Like to manage your savings online Have or want to open a Westpac transaction account 2 A base rate of interest, with a bonus interest rate each month for making at least one deposit and no withdrawals in that month 1 No monthly account maintenance or transaction fees 3 The ability to transfer funds to your Westpac transaction account 2 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 from a different account so you always have a certain amount in it A choice of branch deposit boxes and smart ATMs to make cash or cheque deposits Simple Saver (P7-8) Online Bonus Saver (P5) Online Bonus Saver PIE (P6) Notice Saver PIE (P9) Term Investments (P10-11) If you would like to discuss longer term investment options please contact Wealth Direct on 0800 942 822. 1. The Online Bonus Saver account works by topping up the base interest rate if you make at least one deposit (of any amount) every month, and no withdrawals or transfers that month. Interest is calculated daily on the full credit balance and paid (less withholding tax as applicable) into your Online Bonus Saver account on the last business day of the month. 2. To operate the Online Bonus Saver account, you must hold a Westpac transaction account. Any transfers from your Online Bonus Saver account can only be made directly to your transaction account. ATM access is for balance enquiry, funds transfers and deposits only no cash withdrawals can be made. 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. 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. 4 5

Online Bonus Saver PIE Notice Saver PIE Online Bonus Saver PIE Want higher returns and less tax? The Online 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 an Online Bonus Saver PIE account. That s more savings for you. Online Bonus Saver and Online Bonus Saver PIE fees Fee type Account maintenance fee All electronic deposits; deposits through branch deposit boxes and ATMs with deposit facilities Online banking transfers Westpac ATM balance enquiry/ transfer of funds Phone Banking transfers Text you receive Text you send Fee First ten calls each month are free (then 50c per call) Free May incur charges from provider. Please contact provider for details of their fees and charges. * There are additional charges if you choose to use other banks ATMs or 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 already referred to in first sentence. 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 Online Bonus Saver and Online Bonus Saver PIE accounts only. If fees apply to the account to and from which money is being transferred, standard fees will apply. Online 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 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 branch in New Zealand. 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 have a minimum of $500 to open your Notice Saver PIE account You re seeking higher returns than a traditional savings account can wait at least 32 days to access some or all of your money 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 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 Impulse Saver, Salary Splitter, a Sweep Over facility, automatic payments, direct credits or bill payments No account maintenance or transaction fees Investments made in the Westpac Notice Saver PIE Fund ( 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 (including online banking terms) apply to investments in the Fund and Westpac NZ transaction accounts. 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 branch. 6 7

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. Fees Fee Type Account maintenance fee All electronic, ATM and branch deposits Westpac ATM balance enquiry Fee A Simple Saver account could be right for you if: Want the option to make deposits and withdrawals over the counter in branch 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 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 First manual or electronic withdrawal each month Additional electronic withdrawals $1.00 Additional manual withdrawals (cheque and cash withdrawals over the counter in branch) Phone Banking transfers Text you receive Text you send $3.00 First ten calls each month are free (then 50c per call) Free May incur charges from provider. Please contact provider for details of their fees and charges. * There are additional charges if you choose to use other banks ATMs or 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 already referred to in first sentence. 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. Once you turn 19, fees will apply. * Service fees may still apply, for example overdrawn or line of credit charges, clearance fees, online bill payments and/or use of other banks ATMs. 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. 8 9

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* 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 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 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. 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. * 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/terminvestments, 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. 10 11

Terms and Conditions Information in this brochure and the terms, conditions, fees and charges for each product are current as at 27 November 2017 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. Online Bonus Saver PIE is offered under the Westpac Cash 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. 72132WT-9 05-17 12