Save and grow your money with Bonus Saver

Maximise your earnings over the month by making at least one deposit and no withdrawal.

 

Earn up to

4.25
%p.a.
with no maintenance fee

 

Conditions, eligibility, fees and charges apply.

Features and benefits

Total variable interest rate of 4.25% p.a. is a combination of 0.75% p.a. Normal interest rate (when no bonus rate is applied) and 3.75% p.a. Bonus interest

Earn Bonus Interest

Earn bonus interest over the month by making at least one deposit and no withdrawal. 1

No Maintenance Fee

Enjoy zero monthly maintenance fee so you save and earn more. 2

Anytime Access

24/7 access through ATMs, Internet Banking, the Westpac PNG App, and SMS Banking.

Smart withdrawal

One free electronic per month to help control spending and grow your savings. 3

How to open an account in 3 steps

Application form

Download and complete the application form ahead of time.

Need help? You can complete your application form at your local branch.

Download form

Identification

You'll need to provide:

  • Photo Identification: Current Passport, Current Driver's Licence, National ID
  • Proof of Residential Address: Utility Bill (e.g. electricity, water), Rental Agreement, Superannuation Statement
  • Proof of Income: Letter from current Employer, Bank Statement, Current Payslip (not older than 6 months)*

Need more options? Download acceptable IDs (PDF 200KB)

Note: In some instances, and to comply with Westpac's legal and regulatory obligations, additional customer due diligence checks may be required. Please note that in such cases, the account opening process may take longer to complete.

Contact us

Book an appointment at your local branch to open your account. Make sure to bring your completed form and ID. If additional documents are required, we’ll let you know.

Find us

Tip: come prepared, open faster

Check the 3-step guide above to see what you'll need to open an account, it'll help you get set up faster and avoid extra trips.

Need help? Contact our customer care team on 3220888. They're ready to help you every step of the way.

Come prepared

Fill out the form and gather the required ID and documents before visting us.

Download form

Give us a call

3220888

Monday to Friday from 8:00am - 6pm

Visit us

Find the nearest branch near you. 

Find us

Things you should know

Bonus Saver brochure (PDF 693KB)

Deposit Terms and Conditions (PDF 324KB)

Customer Banking Agreement (PDF 76KB)

PNG Customer Service Fees and Charges Brochure (PDF 1MB)

 

1 Earn bonus interest above your base rate in each calendar month in which you make a deposit (minimum K1.00) and no withdrawals and maintain a positive account balance.

 

2 Conditions and fees may apply. For all accounts, deposits made to your account on or after the last business day of the month, will not be included in the interest calculation for that month, but in the interest calculation for the following month. Non-Westpac branded ATMs apply an ATM operator fee by the ATM Owner, which is disclosed at the time of the transaction on the ATM screen. This fee will be debited on the day (or the next business day) of the transaction and itemised separately on your statement.

 

3 Includes transfers between Westpac accounts and Bill Pay transactions.