• Get started on your mortgage
  • Buying your first home, next home, investing in property or just keen to review your mortgage?
  • Apply online
  • Put your savings to work
  • Earn better returns and access your money with no penalties.
  • Start investing now
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Reach your deposit savings goal faster with Squirrel

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The silver lining of high interest rates is higher returns on your money

When you're saving for a house deposit, you could let that money sit in any old bank account and watch it grow whenever you add your spare cash to it. But what if those savings could generate their own monthly returns too?

At Squirrel, we have a high-interest savings account which earns interest on every dollar, helping to grow your savings faster so you can get into your first home sooner.

'Cos that's ultimately the goal, right?

Set up an account      Book a chat

Right now, our On-Call Account is paying 5.25% per annum. We're chuffed to offer Aotearoa's highest paying savings account with no strings attached.

Boost your savings with the Squirrel On-Call Account, and get them back out whenever you like

No minimum amount, no fees and no penalties for withdrawing
Withdraw, and it's back in your bank account within 2 hours
Your funds are held securely with one of the main banks
Opportunity to earn more by investing in residential mortgages

Find out more about investing

Setting up your account takes about as long as unloading the dishwasher

  1. Create your Squirrel account 
  2. Deposit funds
  3. Start earning heaps of interest
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Get started now
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Want to earn even mooore? Squirrel offers term investments which bring in even better returns

If you want to make your house deposit savings work even harder, you have the option to invest for a higher return, straight from your Squirrel account. 

Your investment stays within Aotearoa

When you invest with Squirrel, your money goes towards helping out other likeminded Kiwi, and is secured against property (unless otherwise stated).

And you have the option to get your money out early through our secondary market so you don't have to feel like it's locked away, when the time comes to buy the house of your dreams.1

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Choose how you earn your interest
Cash
On-Call Account
5.25
Variable returns
Your money is held on trust with major New Zealand AA- rated banks.
Money on-call 7 days a week
Unlimited

withdrawals
Conservative
Term Investment
Home Loans
7
Variable returns
Money invested in:
Loans secured by residential property
Reserve fund protection
Avg time to withdraw investment*
1 hours
Term: up to 7 years
*average time to sell on secondary market last 30 days
Moderate
Term Investment
Construction Loans
7.5
Variable returns
Money invested in:
Loans secured by residential property
Reserve fund protection
Avg time to withdraw investment*
0 hours
Term: up to 2 years
*average time to sell on secondary market last 30 days
Moderate
Term Investment
Personal Loans
7.75
Fixed returns
Money invested in:
Personal loans to homeowners
Reserve fund protection
Avg time to withdraw investment*
23 hours
Term: up to 7 years
*average time to sell on secondary market last 30 days

It all starts with a quick online account set up

Whether you choose to invest, or keep your savings on hand with the On-Call Account, all you need is an online Squirrel account. Just grab your NZ drivers licence or passport, head over here to get started.

Stacked coins with toy houses

Got questions about saving and investing with Squirrel? Let's chat.

No question is a dumb one. Book a chat and one of our experts will give you a call, so you can get all your questions answered.

Book a chat

1.  Selling your investment relies on another investor is willing to take on the same investment terms - find out more about our secondary market here.

Interest rates are subject to change. Squirrel's On-Call account is the highest paying savings account with no strings attached, accurate as at 28 August 2023.

See why our clients love us

See for yourself what our clients think with 77 five star reviews on Shopper Approved.

Gen

mangawhau, New Zealand

I'm still learning how to decide when and where to invest or reinvest. Feel comfortable that I don't have to make quick decisions and don't need to keep checking how things are.
G

Dean

Auckland , New Zealand

A very simple onboarding, the App is easy to understand and use, but the speed of transfers leaves the the big Aussie banks looking like dinosaurs.
D

John

Wellington, New Zealand

Squirrel has an easy to use interface, a safe structure for protecting my money, and great interest rates. Much appreciated.
J

Marlene

New Zealand

I'm loving the interest, that I'm earning on my funds. Questions are answered quickly. Squirrel is very efficient and I'm confident investing with a NZ owned company. I wish I had of invested a year ago. Marlene
M

Carole

Hawke’s Bay, New Zealand

Didnt end up investing but i like the whole comcept of peer to peer lending and the fact your a nz company. Will be looking to come back in the future
C

Ajay

Auckland , New Zealand

Quick and effortless onboarding. Excellent transparency & timely communication. One of the best interest rates in the market with timely payments. Well done, Squirrel!
A

Sonal

Auckland , New Zealand

Fast & hassle free onboarding. Transparency, communication, and customer support have been excellent! One of the best interest rates in the country, don't know why I didn't join sooner. Highly recommended!
S

Sonal

Auckland , New Zealand

Fast & hassle free onbaording. Transparency, communication, and customer support have been excellent! One of the best interest rates in the country, don't know why I didn't join sooner. Highly recommended!
S