Easy to track and manage
Stay on top of your savings in the BNZ app or Internet Banking. Track your progress, move money, and hide savings accounts you’d rather keep out of sight.^
Earn interest on every dollar you save
Earn -% interest p.a. with Rapid Save, no matter what your balance. It’s a simple savings account with no monthly account fee.^^
{"type":"half","heading":"Earn interest on every dollar you save","bodyText":"<p>Earn <savingsaccountrate id=\"SA-HIP-0\" attribute=\"totalrate\"><\/savingsaccountrate>% interest p.a. with Rapid Save, no matter what your balance. It\u2019s a simple savings account with no monthly account fee.<term reference=\"EB:Rapid Save interest\"><\/term><term reference=\"EB:Rapid Save eligibility\"><\/term><\/p>","actionLinkHref":"#open-an-account","actionLinkLabel":"Open a Rapid Save account","supportingLinkHref":"\/personal-banking\/everyday-banking\/savings-calculator","supportingLinkLabel":"Calculate your savings","theme":"boxed","heroImage":{"height":920,"position":{"x":"50%","y":"50%"},"title":"Rapid Save page header half1x","url":"\/assets\/bnz\/personal-banking\/everyday-banking\/images\/Page-header-half1x.jpg?1468cccd7ee1d3f02566eafb52cad4154b530217","width":930},"heroImage2x":{"height":920,"position":{"x":"50%","y":"50%"},"title":"Rapid Save page header half2x","url":"\/assets\/bnz\/personal-banking\/everyday-banking\/images\/Page-header-half2x.jpg?a0c98d2c428f5a65dc0bbb6f9611d6ca2715a1e0","width":930},"smallHeroImage":{"height":600,"position":{"x":"50%","y":"50%"},"title":"Rapid Save page header mobile1x","url":"\/assets\/bnz\/personal-banking\/everyday-banking\/images\/Page-header-mobile1x.jpg?8795d10a0d1d3aa6d5ba9707efbfa3e736184ade","width":1125},"smallHeroImage2x":{"height":600,"position":{"x":"50%","y":"50%"},"title":"Rapid Save page header mobile2x","url":"\/assets\/bnz\/personal-banking\/everyday-banking\/images\/Page-header-mobile2x.jpg?efc03aecdacc1226f174c3f323678e2cf6c062ad","width":1125}}
A savings account that works for you
Open multiple Rapid Save accounts for different goals. You might be saving for a holiday, a car, an emergency fund, or whatever matters most to you.
More from your money
In the past year, Rapid Save paid out more interest per dollar saved than any other major New Zealand bank.^
One free monthly withdrawal
Enjoy flexibility when you need it. You can make one free withdrawal each bank month.^ After that, each withdrawal costs $3.^ You’ll still earn the full interest rate on the money left in your account.
Interest rates and fees
How to open an account
If you’re already a BNZ customer, you can open a Rapid Save account in minutes through the BNZ app or Internet Banking.
- Log in
- Tap + Account (this option appears alongside or below your existing accounts)
- Choose Rapid Save as the account type
Personalise your account with a name, photo, and savings goal.
Try our savings goal calculator
See how much interest you could earn with a Rapid Save account. Enter your savings goal and how much you’d like to save regularly to see how your savings could grow over time.
Ways to help your savings grow
Automate your savings
Set up automatic payments into your Rapid Save account. Even small, regular amounts can add up over time and make saving feel easier.
Hide your account
Keep your savings out of sight by hiding your Rapid Save account in the BNZ app. You can bring it back whenever you need to.
Automate your savings
Set up automatic payments into your Rapid Save account. Even small, regular amounts can add up over time and make saving feel easier.
Rapid Save for small business
Put money aside in a Rapid Save account to help with tax payments, equipment purchases, or other future business expenses. Businesses with less than $5 million of total deposits are eligible for a Rapid Save account.
Depositor Compensation Scheme
Rapid Save is covered under the Government’s Depositor Compensation Scheme. The scheme covers up to $100,000 of your money in the unlikely event of a failure.
Guides to saving
Supercharge your savings
It’s good to put money aside for when you might need it later down the track. But to really supercharge your savings, it pays to have your money working as hard as it can for you.
Get started with short and long-term savings
Putting money towards long and short-term goals is a great habit to get into. Understanding the ‘savings stepladder’ will optimise your savings and help you to meet your goals sooner.
Building an emergency fund
There’s nothing like the feeling of knowing you have enough savings set aside to cover your expenses, no matter what life throws at you. Find out how to build a financial safety net.