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Saving & Investing
Latest
Ranking New Zealand's best and worst savings accounts
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.
Fair game? How Kiwi are about to get a fairer deal on their banking
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.
Tax rules for trusts are changing: What do I need to know?
Starting 1st April 2024, the income tax rates for Trusts in New Zealand is changing from 33% to 39%. Here's what you need to know about the change.
How banks decide what your savings are worth: Part 1
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.
How banks decide what your savings are worth: Part 2
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.
Why do banks keep doing this to savers?
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?
Why continued high interest rates aren’t all bad news
The Reserve Bank is holding the OCR steady at 5.50%, and after rumblings from parts of the market that suggest we could be in for another hike, most economists are now predicting the OCR will remain at 5.50% through much of 2024. It’s not the news that Kiwi mortgage-holders were hoping for, but how can Kiwi benefit from higher interest rates?
Squirrel’s Personal Loan Reserve Fund hits a very important milestone!
Squirrel’s Personal Loan Reserve Fund is about to mark its 8th birthday. And this year, it’s not just a birthday we’re celebrating, but one other very important milestone.
How Squirrel works to protect your money and personal data against cybercrime
Here at Squirrel, we eat, sleep and breathe cyber-security. That means making sure we’re doing everything we can at our end to keep your money and data safe – and also supporting you to do the same. So what does that look like? Let's dive in.
The game of risk vs. reward when it comes to investing into debt
When you hold money with a bank – be it in a transaction or savings account, or a term investment – it doesn’t just sit there. So, why won’t banks let you choose where your money goes, and are there other options to investing?
FAQ time: Investing with Squirrel
We sat down with Squirrel Chief Operating Officer, Dave Tyrer, to get his answers to the top 20 questions we get most often from investors on our platform.
What will it take to create greater competition in banking? It’s not another bank
The Kiwi banking sector has come under some pretty heavy scrutiny in recent months, as uniformity and a lack of competition between key players has allowed bank profits to soar (and keep on soaring) at the expense of their customers. So, what's the answer? Well, Squirrel's Dave Tyrer reckons it's not another bank.
