Savings

We compare different types of savings accounts from across the market, see which one is best for you.

Last Updated Monday, August 5, 2019 - 5:25pm
Institute Product name Credit rating Type Min deposit Max deposit Rate More Info

Rabobank New Zealand

NoticeSaver - 60 Days
  • AA-
Other $1 $5 000 000 2.75% Go to site

Heretaunga Building Society

On call
On Call $100 000 2.25% Go to site

TSB Bank

Premier
  • BBB+
Standard $100 000 2.05% Go to site

Rabobank New Zealand

PremiumSaver Personal
  • AA-
Standard $0 2.00%

If the required $50 monthly balance increase excluding interest paid during that month is achieved. The standard RaboSaver rate applies to the portion of the PremiumSaver balance over $100,000 and up to $5,000,000. If the required $50 monthly balance increase is not achieved, a rate of 0.55% p.a. will apply to the total PremiumSaver balance for that month.

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ASB Bank

Savings Plus - Combined base and full reward interest
  • AA-
  • AA-
  • Aa3
Bonus $0 $2 000 000 2.00%

Calculated daily and paid quarterly (on balances up to and including $2,000,000). You can make 1 withdrawal during the first 5 days of the calendar quarter. No other withdrawals are permitted.

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Credit Union Central

MoneyMaker
Standard $10 000 $350 000 2.00% Go to site

Rabobank New Zealand

PremiumSaver Children's
  • AA-
Childrens $0 2.00%

If the required $50 monthly balance increase excluding interest paid during that month is achieved. The standard RaboSaver rate applies to the portion of the PremiumSaver balance over $100,000 and up to $5,000,000. If the required $50 monthly balance increase is not achieved, a rate of 0.55% p.a. will apply to the total PremiumSaver balance for that month.

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NZCU Baywide

Online saver
  • BB-
Online $20 000 2.00%

Customers must register for internet banking and opt for email statements

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The Co-operative Bank

Step Saver
  • BBB-
Bonus $0 1.90%

Standard interest rate is 0.25%, extra 1.65% p.a. bonus interest is paid in every month if the account balance, exclusive of interest, is higher at the month end (or on the date the account is closed) than the balance at the start of the month (or on the date the account is opened if the account has been open for less than one month) and no more than one withdrawal is made in the month. If you make one withdrawal within a month, you still need to ensure your balance at the end of the month has grown (excluding interest paid) to be eligible for bonus interest. If you make more than one withdrawal in a month you'll earn the standard interest rate.

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Heartland Bank

Heartland Direct Call Account
  • BBB-
  • BBB-
Standard $0 1.90% Go to site

Heretaunga Building Society

On call
On Call $50 000 $99 999 1.90% Go to site

HSBC

HSBC Smart-Saver Account
  • AA-
  • AA-
  • Aa2
Standard $0 $5 000 000 1.90% Go to site

Bank of New Zealand

Rapid Save
  • AA-
  • Aa3
Bonus $0 1.90%

One free withdrawal each month, after that each withdrawal costs $3

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TSB Bank

Premier
  • BBB+
Standard $50 000 $99 999 1.85% Go to site

ANZ Bank

ANZ Serious Saver
  • AA-
  • AA-
  • Aa3
Bonus $0 1.75% Go to site

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