Westpac KiwiSaver

Westpac is a bank that offers a variety of financial services, including personal, retail, business and institutional banking.

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If you’re considering opening a KiwiSaver fund with Westpac, check out Canstar’s latest Star Ratings for its products.

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Types of Westpac KiwiSaver funds

The Westpac KiwiSaver scheme is managed by BT Funds Management, the investment arm of Westpac in New Zealand.

It offers offers seven predominantly actively managed KiwiSaver funds, each offering a different level of potential return and targeted to the needs of a different life stage. The funds contain varying mixes of assets, with cash and fixed-interest bonds (income assets) making up most of the conservative funds, and equities (growth assets) making up more of the growth options. Westpac also has a Responsible Investment Policy:

  • Cash Fund
  • Defensive Conservative Fund
  • Conservative Fund
  • Moderate Fund
  • Default Balanced Fund
  • Balanced Fund
  • Growth Fund

Westpac is one of the government-appointed default KiwiSaver scheme providers, in part for its ability to deliver low fees and promote KiwiSaver engagement.

Eligibility to open a Westpac KiwiSaver account

Most New Zealanders can join KiwiSaver. Find out if you’re eligible on the government’s KiwiSaver website.

How to open a Westpac KiwiSaver account

Apply online on the Westpac website.

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Written by: Bruce Pitchers | Last updated: September 22, 2023