Savings Account Finder

NZ's best savings rates. Updated daily.

No sponsored placements · Every major NZ provider

BEST ON-CALL BANK DEPOSIT

Kernel Wealth

Smart Saver

2.25%

Bank depositDCS protectedInstant accessNo minimum

BIG 4 AVG

0.56%

ANZ · ASB · BNZ · Westpac

PROVIDERS

Banks, credit unions & fintechs

BEST NOTICE

3.00%

Westpac

Last updated: 2026-03-31

DCS Protected

Sorted: Best rate ↓

Account

Rate

On $10,000/yr

Extra/yr ↑

Westpac Notice Saver 32 Days

Bank deposit · $1 min · 32-day notice

3.00%

$300

+$244

Key FactsBig 4 bank offering 3.00% but with a 32-day notice requirement. Your money is not instantly accessible — you must give 32 days notice before withdrawing.

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Wedge Money Savings Fund

PIE fund · $1 min · PIE

3.00%

$300

+$244

Key FactsThis is a cash/bond PIE fund marketed as an on-call savings account — not a bank deposit. Not covered by the Deposit Compensation Scheme. Rate has dropped from 3.75% to 3.00% since launch in May 2025. Fund can suspend withdrawals in extreme circumstances. Disclose Register SCH13930.

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Kernel Wealth Cash Plus Fund

PIE fund · $1 min · PIE

2.97%

$297

+$241

Key FactsPIE cash fund investing in AA-rated deposits and NZ fixed income. 2.97% gross yield with PIE tax capped at 28% — after-tax return is higher than most bank deposits for earners above $48K. 0.25% management fee. Not DCS protected — this is a managed fund, not a bank deposit. Risk indicator 1/7 (lowest). $166M fund size.

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Heartland Bank Notice Saver 90 Days

Bank deposit · No minimum · 90-day notice

2.95%

$295

+$239

Key FactsRegistered bank, 2.95% with 90-day notice. Higher barrier to access but stronger rate. Suits money you know you won't need for 3+ months.

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Heartland Bank Notice Saver 32 Days

Bank deposit · $1 min · 32-day notice

2.70%

$270

+$214

Key FactsRegistered bank, 2.70% with shorter 32-day notice. More accessible than the 90-day variant but lower rate.

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Rabobank NoticeSaver 60 Days

Bank deposit · $1 min · 60-day notice

2.55%

$255

+$199

Key FactsDutch-owned bank with strong global credit rating. 60-day notice for 2.55%. Good option if you value institutional stability.

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Kiwibank Notice Saver 90 Days

Bank deposit · $1 min · 90-day notice

2.35%

$235

+$179

Key FactsNZ-owned bank, 90-day notice for 2.35%. Lower rate than competitors but appeals to those who prefer banking with a New Zealand-owned institution.

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Kernel Wealth Smart Saver

Bank deposit · $1 min

2.25%

$225

+$169

Best on-call

Key FactsActual bank deposit held by custodian with a NZ-registered, AA-rated bank. Covered by the Deposit Compensation Scheme (up to $100K). Taxed at RWT (not PIE) — standard tax rates apply. Kernel also offers a separate Cash Plus Fund at 2.97% with PIE tax benefits.

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