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Interest Rates

Interest rates keep changing and we try to keep the following overview current. However, we assume no liability for the information given here. Also, this list includes a selection of products only and you may find a different product from one of the banks a better choice. Also, some banks offer different rates and products for consumers and commercial customers (e.g. companies). Please contact chosen bank for more information.

Your individual tax situation may also influence your choice of products. If you don't feel sufficiently comfortable we recommend talking to a financial and/or tax advisor.

Name Product Term Remarks Interest Rate Retrieved
Westpac Simple Saver daily 2.00% 7-Aug-08
Westpac Bonus Saver daily Base interest 0.25%; 4.25% bonus when you make at least one deposit and no withdrawals in a month up to 4.50% 7-Aug-08
Westpac Online Saver daily less than NZD 100,000 7.45% 7-Aug-08
Westpac Online Saver daily up to NZD 499,999 7.60% 7-Aug-08
Westpac Online Saver daily NZD 500,000 and over 8.10% 7-Aug-08
Westpac Online Bonus Saver daily Base interest 6.00%; 2.3% bonus when you make at least one deposit and no withdrawals in a month. up to 8.30% 7-Aug-08
ASB Fast Saver daily 8.25% 7-Aug-08
ASB ASB Cash Funds dailly Unit funds, PIE for tax purposes 8.25% 7-Aug-08
National Bank Ready Saver daily up to NZD 4,999 2.00% 7-Aug-08
National Bank Ready Saver daily NZD 5,000 and over 4.00% 7-Aug-08
National Bank eSaver daily base interest 5.00%; 3.40% bonus when you make at least NZD 20 deposits and no withdrawals in a month up to 8.40% 7-Aug-08
National Bank Online Account daily up to NZD 4,999 2.00% 7-Aug-08
National Bank Online Account daily NZD 5,000 to NZD 99,999 7.50% 7-Aug-08
National Bank Online Account daily NZD 100,000 to NZD 249,999 7.75% 7-Aug-08
National Bank Online Account daily NZD 250,000 and over 8.00% 7-Aug-08
Raboplus Online Savings Account daily 8.30% 7-Aug-08
Raboplus Cash PIE Fund daily PIE for tax purposes 8.30% 7-Aug-08
Raboplus Term Depoist 3 months NZD 1,000 minimum 8.15% 7-Aug-08

Last updated on August 07, 2008.