Keep your cash on call whilst earning 4.50%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.
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
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Investor update - October 2024
The latest update on investor activity, changes to On-Call account and term investment interest rates, updated investment wait times and what's happening with personal loans.
Opinion: Greater competition in banking starts with a fairer rate on Kiwi savings
There's been a big push in recent years to deliver greater levels of competition across our banking sector, and greater value for customers. But Squirrel's Dave Tyrer reckons we're missing a key part of the solution, and it's not about customers paying less—it's about the banks paying more.
Don’t just take our word for it
Shayne
New Zealand
It's great
Anonymous Customer
New Zealand
Straight forward instructions to invest.
Paramveer
New Zealand
Am very happy with the service and the interest i get on money. Thanks
Gen
New Zealand
I'm still learning how to decide when and where to invest or reinvest. Feel comfortable that I don't have to make quick decisions and don't need to keep checking how things are.