Get rewarded for sticking to your goals
Earn bonus interest with Rapid Save when you maintain or increase your savings balance each bank month^, and make no more than one withdrawal.
A good match for serious savers
Rewards for growing your savings
You’ll be rewarded with bonus interest for every bank month you maintain or increase your account balance (on top of interest earned) and make no more than one withdrawal. The more you can add to your savings, the more interest you’ll earn.
Help to resist temptation
You'll get one free withdrawal every bank month. After that you’ll be charged $3 for each withdrawal which includes automatic payments, transfers between your accounts and card transactions linked to your Rapid Save account.
BNZ customers can open a Rapid Save account straightaway
If you’re already a BNZ customer and registered for Internet Banking, it’s easy to open a new Rapid Save account in Internet or Mobile Banking. Just log in, and click [+] Add an account, which appears alongside or below your existing accounts.
Tips for getting your bonus interest
Use your Rapid Save account and these online banking tips to reach your goals and be paid bonus interest along the way.
Make deposits on time
Set up automatic payments for free within Internet Banking or Mobile Banking so you won’t need to remember when you need to make a deposit each bank month. Remember you need to maintain or grow your balance to receive bonus interest each bank month.
Get alerts for withdrawals
Set up a text message notification if you make a withdrawal from your Rapid Save account. Keep it top of mind that you can’t make another withdrawal within that same bank month without losing your bonus interest or being charged a fee.
Add a savings goal, load a personalised picture and nickname your account to match what you’re saving for. No matter what your goal is, it’s much easier to stay on track with daily visual reminders.
How to save money quickly
You might be surprised at how easy it is to save money quickly if you really try. We’ve gathered some of our best tips and tallied up how much you could save in just six months.