Not all savings accounts are created equal, and it's worth knowing what all your options are so you can get set up with the one that best suits your savings goals. Here, we've pulled together a wrap-up of the different savings accounts available across New Zealand's main retail banks.
Later this year, a new set of lending restrictions - DTIs - will come into effect in New Zealand, setting rules for how much people can borrow to buy a home based on a multiple of their income. Here's what you need to know.
The Reserve Bank recently asked for feedback on a new set of lending restrictions - DTIs - it's looking to introduce later this year. Here's what the team at Squirrel had to say as part of our submission.
How do you define "fair" in the world of banking? Well, some new legislation - launching in 2025 - is about to lay down the ground rules. Here, Squirrel COO, Dave Tyrer, talks through the changes and what they could mean for banks and bank customers.
Over the life of your mortgage, you'll fork out at tens - probably hundreds - of thousands in interest payments. But there are tricks to help you get your home loan paid off faster, and save a packet.
Read our response to Payments NZ's recent application to the Commerce Commission, seeking an extension of its remit to oversee the development of a further framework to guide the delivery of open banking services in New Zealand.
Competition means it can really pay to shop around — and it’s the same deal when it comes to getting the best interest rate on your savings.
Do banks price their term investments strategically, to try and tempt you to go for one term over another? Check out what our COO Dave Tyrer has to say about it.
While floating rates are the norm in Australia, less than 10% of all Kiwi mortgages are on floating rates. The reality for Kiwi is that floating rates are consistently so much more expensive than fixed rates. So what's causing this, and should they be so high?
Despite the Reserve Bank holding off on increasing the Official Cash Rate, ANZ has just announced it’s lifting its home loan interest rates across the board by between 0.10% and 0.26%. So why have they increased their rates, and is the move justified?
Heartland Bank has launched a brand-spanking new savings product — the Digital Saver account. And with a 5.00%p.a. interest rate, it sounds pretty good. But there’s something kind of weird about Heartland launching this new account — so what's the deal, and is there a catch?
Two New Zealand banks are sticking their necks out on the home loan rates front right now - one high, one low. Why? It all comes down to profit strategy. But in his latest article Chief Squirrel, David Cunningham, explains why the bank leading the pack is likely to need to rethink its "go high" strategy soon.