BNZ is the winner of Canstar's latest Bank of the Year Business Bank Accounts Award for its great products across both transactional and savings accounts.
Bank of the Year Business Bank Accounts Award
For our 2025 Bank of the Year Business Bank Accounts Award, we assessed seven banks. Each was rated across their performance in our two Outstanding Value Business Accounts categories:
- Outstanding Value Business Transaction Accounts
- Outstanding Value Business Savings Accounts
Plus they were scored on our research findings into the levels of Customer Satisfaction they deliver to their business clients.
Coming out on top of this year's rankings, winning Canstar's Bank of the Year Business Bank Accounts Award is BNZ.
In awarding BNZ its top accolade, Canstar’s research team noted three key factors in the bank's success:
- The BNZ's Rapid Save account, a deposit account that offers competitive interest rates
- The bank's improvement in price performance under the Business Transaction rating profile
- Strong levels of satisfaction from its business customers across categories including: communication and problem resolution
What does BNZ offer business customers?
BNZ offers its business customers one transaction account and two savings accounts:
Business First Transact
Features include:
- No monthly account fees or charges for electronic and manual transactions
- Mobile Business Banking app
- Cash-flow support
Business First OnCall
Features include:
- Earn interest with instant access to funds
- No monthly account fees or charges for electronic and manual transactions
Rapid Save
Features include:
- Earn higher rates of interest
- One fee-free withdrawal per month
- No monthly account fees
Outstanding Value Business Transaction & Savings Accounts
To assess NZ's Outstanding Value business bank accounts, across both transaction and savings profiles, this year our team researched 15 banking products from the following providers:
- ANZ
- ASB
- BNZ
- Heartland Bank
- Kiwibank
- TSB
- Westpac
Each bank's accounts were scored across categories including: account features, fees, interest rates and customer service and support. You can read our full methodology here.
Based on the results of our analysis, all banking products were awarded our Star Ratings, the best earning our prestigious 5-Star Outstanding Value Awards across three categories:
- Business High Transactor– business customers who make an average of 100 transactions per month
- Business Low Transactor – customers making around 40 transactions per month
- Business Saver
Outstanding Value Business Transaction Accounts
Two banks earn our our top Outstanding Value 5-Star ratings:
- ASB
- BNZ
Outstanding Value Business Savings Accounts
Two banks earn our our top Outstanding Value 5-Star ratings:
- Heartland Bank
- Kiwibank
