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11 April 2024

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.

15 March 2024

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.

19 February 2024

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.

19 February 2024

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.

19 October 2023

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?

06 October 2023

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?

30 August 2023

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?

07 June 2023

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.

20 March 2023

Covert tactics: How banks profit off "lazy" savings customers

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.

24 January 2023

Introducing Squirrel's high-interest On-Call account: What you need to know

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.