Superannuation

Essentials

• A DIY Super solution designed specifically for self-managed super funds (SMSF)

3 accounts working together to meet the everyday financial needs of your SMSF:

• Transact when you need to through the DIY Super Working account, and earn tiered interest
• Save any additional funds into the DIY Super Savings account and earn a competitive flat interest rate on the full balance
• Trade from $19.95  on shares and securities with Westpac Online Investing when linked to your DIY Super Working account
  

You can open the DIY Super solution online or in a branch, saving you time plus:

• Receive competitive interest rates, calculated daily and paid monthly 
• No monthly account service fees or account balance restrictions 
• 24/7 access to all accounts via Online Banking and Personal or Business Telephone Banking
• Ability to add on extra products such as a Term Deposit, SMSF Investment Property Loan or Insurance

  Use this calculator to find out how much super you'll have in retirement and how long it will last.

Features

The DIY Super solution is made up of a suite of 3 accounts, which makes it easy to take control of your super future and investments.

DIY Super Working account

Acting as a transaction 'hub' account, the Westpac DIY Super Working account lets you access your funds on a day to day basis. Not only can you transfer funds to your Westpac DIY Super Savings account and Westpac Online Investing, you can also manage your other super investments. You'll also earn tiered interest on your everyday funds while they are in the Westpac DIY Super Working account. Access your funds via:

• Online Banking
• Personal or Business Telephone Banking
• Any of our branches.

You can transact on your Westpac DIY Super Working account in almost all the same ways you would any bank account:

• BPAY
• Periodical payments
• Cheques
• Transfers to and from your Westpac DIY Super Savings account
• Transfers to Westpac Online Investing to purchase shares and other securities
• In person at any of our branches.

There is no card facility available on your DIY Super Working account.

DIY Super Savings account

If you're between investments, make the most of your surplus SMSF funds by parking them in the Westpac DIY Super Savings account.

When you choose to invest in something else, you simply transfer the amount you need back to your Westpac DIY Super Working account and transact from there. 

There's no minimum or maximum balance and you earn a flat interest rate on the full balance of your DIY Super Savings account, making every super dollar count.

Westpac Online Investing

Whether you're new to investing or looking for more sophisticated trading strategies, we've got the tools to keep you in control.

• Trade from $19.95 when linked to your DIY Super Working account
• Access Australian and international shares, options and managed funds
• Trade online, over the phone, or via the mobile app
• Get the latest research and analysis from Morningstar, Westpac, BT and others
• Advanced charting tools
• No ongoing monthly service fees. Buy and sell any ASX-listed security.

Optional Extras

There may be other super options you would like to consider. We have a range of products that can help, allowing you to structure your super investments to perform at their very best.

• Term Deposits - the certainty of a fixed investment rate for a fixed term.
• Super Fund Investment Property Loans - you may be able to use your SMSF to help you purchase a residential investment property
• Insurances - from death benefits to income protection, we're sure to have an option that's right for you.

Support

You don’t need to know it all yourself 

There are rules and regulations around super and planning for your retirement. You can find out more on the ATO website.

It can be intimidating to think you need to know it all yourself. We have Westpac Financial Planners that can assist you to find the right strategy for your SMSF.

You can contact a Westpac Financial Planner by calling 1300 130 272 or make an appointment

Online Investing

If you have questions about your Online Investing account, you can get the answers you need by:

• Visiting the website https://onlineinvesting.westpac.com.au/
• Calling our Online Investing specialists on 13 13 31

Fees

 

Fees	Westpac DIY Super Working	Westpac DIY Super Savings1
Monthly Service Fee	Nil	Nil
Minimum Monthly Balance to avoid Monthly Service Fee 2	N/A	N/A
Free Monthly Withdrawal Allowance 3	Unlimited self-service Westpac Online and Telephone Banking electronic transactions only	Unlimited self-service Westpac Online and Telephone Banking electronic transactions only
Transaction Fees (charge per transaction when free withdrawal allowance is exceeded)
Telephone Banking (automated)	Free	Free
Telephone Banking (staff assisted)	$2.50	N/A
Westpac Online Banking	Free	Free
EFTPOS	N/A	N/A
Cheque Withdrawals4	$1.00	N/A
Direct Debits	$0.25	N/A
Branch Staff-Assisted Withdrawals	$2.50	$5.00
Periodical Payment (additional fees apply for Periodical Payments made by Bank Cheque and International Periodical Payments)	$0.25	N/A

Rates

Standard variable interest rates p.a. for DIY Super Working and Savings accounts 

	DIY Super Working account	DIY Super Savings account
$0 - $9,999	0.25%	4.00%
$10,000 - $49,999	2.50%	4.00%
$50,000 - $99,999	2.50%	4.00%
$100,000 - $499,999	3.50%	4.00%
$500,000+	3.75%	4.00%
Calculated Daily	Yes	Yes
Payment Frequency	Monthly	Monthly