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?
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.
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?
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?
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.
The banks have come under fire recently for some of the ways they're making money from their customers. If it's been a while since you reviewed your savings account options, here's how you might inadvertently be helping to line their pockets.
The new-look Squirrel On-Call account pays returns of 4.00% per annum, making it one of the best "no strings attached" savings account on offer in the New Zealand market.