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And another 0.25% it is! Just as expected, the RBNZ dropped the OCR from 3.50% to 3.25% on 28 May. But while every step closer to neutral is a step in the right direction, how much of a difference will it really make to mortgage rates?
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.
Now that we're well on the path to lower interest rates—and with a little more relief still on the horizon—here are the key OCR dates you need to watch out for over the remainder of 2025.
