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KiwiSaver Balances: Canterbury Leads, Auckland Falls Behind

2/24/2026

34 4 Full Breakdown

Summary

Story summary

38% of New Zealanders have a Westpac KiwiSaver balance exceeding $40,000.
Canterbury and Otago residents are the best savers, with median balances of $4,200.
Aucklanders struggle, with 43% having less than $500.
Although 81% of Westpac home loan customers have savings accounts, 36% set up automatic monthly payments.
Tom Hartmann from Sorted emphasizes emergency savings.

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Story summary

38% of New Zealanders have a Westpac KiwiSaver balance exceeding $40,000.
Canterbury and Otago residents are the best savers, with median balances of $4,200.
Aucklanders struggle, with 43% having less than $500.
Although 81% of Westpac home loan customers have savings accounts, 36% set up automatic monthly payments.
Tom Hartmann from Sorted emphasizes emergency savings.