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We're not at the bottom yet, folks. On top of the expected 0.25% OCR cut on 20 August, the RBNZ has also responded to ongoing weakness in the economy by signaling further rate cuts in the pipeline early next year—marking good news for borrowers.
These days, the banks aren't your only option when it comes to managing your savings. A number of fintech players have come onto the scene in recent years, offering their own savings account alternatives—offering better rates, lower fees, and other investment options to help grow your money faster.
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.
Watch our latest update on interest rates and the property market - covering house prices, the economy, the OCR and where mortgage rates might be heading.
