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Essentials

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

DIY Super Solution has three accounts working together.

Westpac DIY Super Working account

Westpac DIY Super Working account acts as the cash 'hub' to help you manage your investments and access your funds on a day-to-day basis

  • Earn tiered interest on your everyday working account balance
  • No monthly service fee (other fees apply)
  • Access funds including via Westpac Online and Telephone Banking, in branch and by cheque.
  • Option to set up direct debits to help manage your SMSF.
     

Westpac DIY Super Savings account

If you hold a Westpac DIY Super Working account, open and link a DIY Super Savings account for your surplus funds.

  • No monthly service fee (other fees apply)
  • Competitive interest rate, calculated daily and paid monthly
  • No minimum or maximum balance
  • Operate and access your savings via your linked Westpac DIY Super Working account

Westpac Online Investing account

  • Trade online from $19.95 or for 0.11% of the trade value (whichever is greater) when you settle to your Westpac DIY Super Working account
  • Buy and sell any ASX-listed security
  • Access to Australian and international shares, warrants, options, managed funds and more
  • Trade online, over the phone or via the mobile app
  • Receive research and analysis from Morningstar, Westpac, BT and more
  • Advanced charts and free live market data
  • No monthly service fee (other fees apply).

You also have the option to add extra products such as a Westpac Term Deposit or SMSF Investment Property Loan.

Did you know?

You can earn interest on your surplus SMSF funds when you park them in a Westpac DIY Super Savings account.

Every dollar works harder in our Working and Savings accounts thanks to competitive interest rates that are calculated daily and paid monthly. There are no monthly account service fees or balance restrictions.

Current standard fees per transaction

Fees DIY Super Working account DIY Super Savings account
Free Monthly Withdrawal Allowance 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 (staff assisted) $2.50 N/A
Cheque Withdrawals $1.00 N/A
Direct Debits Free $5.00
Branch Staff-Assisted Withdrawals $2.50 $5.00
Telephone Banking (automated) Free Free
Westpac Online Banking Free Free

View the full list of Westpac Online Investing fees and charges.

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

Current standard variable interest rate p.a.

 

  DIY Super Working account DIY Super Savings account
$0 - $9,999 0.25% 1.50%
$10,000 - $49,999 1.30% 1.50%
$50,000 - $99,999 1.30% 1.50%
$100,000 - $499,999 1.30% 1.50%
$500,000+ 1.30% 1.50%
Things you should know

DIY Super Solution brochure (PDF 242KB)

Deposit Accounts for Personal & SMSF customers - Terms & Conditions (PDF 360KB)

 

How interest is calculated on Westpac DIY Working and Super Savings accounts
Interest is calculated daily on the closing balance of your account and credited to your account on the last business day of each month. Rates may change at any time.

More about Westpac DIY Super
This information does not take into account your personal objectives, financial situation or needs so you should consider its appropriateness having regard to these factors before acting on it.

The Westpac DIY Super Working and Westpac DIY Super Savings accounts are issued by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

If you close your Westpac DIY Super Working account, you will need to close your linked Westpac DIY Super Savings account and, if applicable, arrange an alternative trading account for your Westpac Online Investing account.