Keep your cash on call whilst earning 3.25%p.a. returns
Earn higher interest on your savings in our On-Call Account, with your funds held securely with NZ registered banks. You’ll earn the full rate of interest on every cent in your account and you can withdraw your money 7 days per week.
That's the Squirrel effect.
100% owned and operated in Aotearoa, we've got your best interest at heart
No penalties
No minimum amount, no transaction or account fees, and no penalties for withdrawing
Speedy withdrawals
Withdraw, and it’s typically back in your bank account within 2 hours, 7 days per week between 9am - 11pm
Secured & protected
Your funds are held securely on Trust with AA- rated NZ banks
Earn more
Opportunity to earn more by investing in residential mortgages using our managed fund or term investments
Ready to give your savings a boost?
Sign up on line and start saving with Squirrel.
Current balance across all Squirrel On-Call Accounts
$
What is the On-Call Account?
Your On-Call Account is your Squirrel transaction account that's automatically created when you register as a Squirrel investor. It's directly linked to your verified bank account, and you can deposit and withdraw money whenever you like without any penalties.
- Deposit money into it when you want to make an investment
- Or keep your money handy at all times and use it as a flexible savings account
- Earn interest from the moment you deposit
How much could I be earning from a Squirrel on-call account?
Calculate how much interest you could be getting paid every month. It all adds up!
*This calculator is intended as a guide for illustrative purposes only and is not intended to provide financial advice. It assumes that the amounts entered are invested for the entire period selected and the returns are based on the interest rate selected. The calculation results do not take into account taxes that may be applicable to you (including withholding tax). Please note that interest rates offered on our platform are subject to change. To talk to one of our team at Squirrel, please call 0800 21 22 30 or you can find more information about P2P investing here. We recommend seeking financial advice about your situation and goals before investing into any financial product.
If you've got questions, we've got answers
Have a read below and if you can't find what you're looking for, feel free to give us a call on 0800 21 22 30.
Get smarter with your money
Don't leave your money sitting idle in a bank transaction account just because you want access to it whenever you like. With the On-Call Account, you can have the best of both worlds. Earn interest and make as many deposits and withdrawals as you like.
When you make a withdrawal, it's back in your bank account typically within 2 hours.
Earn even more interest by investing
Once you've got a Squirrel On-Call Account you'll also have the option of investing in Term Investments or our Monthly Income Fund, and earning up to 7.75%p.a. whilst helping out New Zealand homeowners.
Set up and manage your investments inside your Squirrel app, with the opportunity to sell your investment on the secondary market when you want your money back.
Whilst past performance cannot guarantee future performance, no Squirrel investor has ever lost a cent.
Read all about the latest saving and investing happenings here
Check out our blog
Investor update - May 2025
Read the latest investor update from Dave Tyrer who touches on interest rates, the property market, open banking legislation and a platform update.
Investor update - March 2025
Read the latest investor update including tax certificates, credit risk insights and how our reserve funds are tracking.
The 6 fintechs offering NZ’s best savings account alternatives
These days, the banks aren't your only option when it comes to managing your savings. A number of fintech players have come onto the scene in recent years, offering their own savings account alternatives—offering better rates, lower fees, and other investment options to help grow your money faster.
Don’t just take our word for it
Brent
New Zealand
Very easy and up front way to invest your money without all eggs being in the one basket.
J Winchester
New Zealand
I find the app very easy to use, and I appreciate receiving emails about advice on investing money. Love the no fees, so much better than ANZ, switching to Squirrel was a no brainer.
Mal
New Zealand
Real good and easy
John
New Zealand
Great communication, great rates, great app