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Savings Accounts - Compare Interest Rates & Star Ratings

There are many different types of savings accounts and these mind your money with varying degrees of flexibility, usually tied to interest rates on offer. The most common savings accounts are: savings accounts, online savings accounts, children's savings accounts, cash management accounts, and term deposits.   More ...

 
Star Ratings - Deposit Accounts
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Compare Online Savings Interest Rates
Compare online savings account interest rates using our free interest rate comparison service, and find some of the highest online savings rates available from New Zealand banks and financial institutions.
Compare Savings Accounts

Types of Savings Accounts

  • Online Savings Account
    An internet account with a high interest rate.
  • Savings Account
    Good interest rate with access via ATMs, EFTPOS etc.
  • Cash Management Account
    High interest rate with easy access via ATMs, EFTPOS etc.


About Star Ratings
CANSTAR star ratings are a benchmark to help you compare financial products based on their rates and features.

Only the top 5-10% of products are awarded the prestigious five star status.

About Star Ratings ...

Savings Award
Congratulations to Westpac, the winner of our 2011 award for New Zealand's Best Value Savings institution.

The full suite of savings accounts is represented – interest-bearing transaction account, term deposits, PIE accounts available in either cash or term deposit – meaning the majority of savers and transactors are catered for very competitively.

Deposit Star Ratings ...

Articles - Deposit Accounts

Opening a savings account as easy as PIE

Looking to beat low savings rates? Then why not open a Portfolio Investment Entity (Pie) savings account with your bank to milk your savings for more?



Inflation a necessary evil

You may long for the days of 1c lollies, houses that cost thousands not hundreds of thousands and cheap fuel. However times change and inflation is just one of those necessary evils.



Savings accounts: Give your money a boost

Bonus saver accounts are a great way to reap the best interest rates you can and stick to a savings plan at the same time.




Credit Ratings: Are your savings safe?

Generally Kiwis’ savings are safe, however, as many of the collapsed finance companies have demonstrated you still need to be wary. But what do you need to know?



Bank credit ratings: What do they mean?

Credit ratings for banks have become extremely topical in light of the government's Retail Deposit Guarantee Scheme.




Prize draw accounts: Are they worth it?

If you love a flutter, prize draw accounts could be for you. They allow you to save as well as be in to win monthly prizes from cash to cars.




Bonus saver accounts: Give your money a boost

Bonus saver accounts are a great way to reap good returns and stick to a savings plan.




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Tips - Savings Accounts

What to look for in a savings account

When shopping around for a savings account, there are a number of things you should look for. First of all, try to find an account with a good interest rate, and no account keeping fees. Ask if the account has a minimum balance. And make sure you compare the interest rate to other savings accounts, so you know you're getting a good deal.

Online savers, a good alternative to term deposits?

This is one of our most commonly asked questions, and the short answer is yes. Online savers provide a relatively safe place to deposit money and offer a high interest rate. While term deposits may offer an even higher rate, they do not allow the same instant access to your money. Online savers are a good investment option, especially if you think you will need access to the money at some point in the near future.

 
 

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