Westpac PNG has announced a significant enhancement to its Bonus Saver Account with a new, market-leading interest rate of 4.25% per annum—rewarding customers for their commitment to saving and helping them grow their money faster.
The Bonus Saver Account is designed to encourage consistent saving by offering a high bonus interest rate each month customers grow their balance, making it one of the most competitive savings products available in Papua New Guinea today.
For balances above K1,000 (approximately US $238 at the current exchange), Westpac’s Bonus Saver Account will also offer zero dormancy fees.
Westpac PNG Chief Executive Andrew Cairns said the improved rate demonstrates Westpac’s ongoing commitment to supporting customers’ financial wellbeing.
“We know how important it is for our customers to make the most of their savings, especially in today’s challenging economic environment. With the new 4.25% interest rate, our Bonus Saver Account gives Papua New Guineans a simple and rewarding way to grow their savings—whether it’s for school fees, a future home or financial security—because every kina saved today grows your tomorrow.”
The Bonus Saver Account offers customers the flexibility of accessing their funds when needed, while still encouraging good savings habits through monthly bonus interest for account growth. Customers have the added security of full digital access to their accounts via Westpac’s Online Banking and Mobile Banking App.
Westpac PNG continues to invest in delivering banking solutions that help customers achieve their financial goals—from everyday banking to savings and investment opportunities.
For more information, visit https://www.westpac.com.pg/
New and existing Westpac customers can open a Bonus Saver Account today by visiting their nearest Westpac branch or calling 322 0888 for more information.
