Get rewarded for sticking to your goals
Earn bonus interest with Rapid Save when you increase your savings balance each month^, and make no more than one withdrawal.
(-% base + -% bonus)
- Earn bonus interest each month
- No monthly base fees
- One free withdrawal a month
A good match for serious savers
Rewards for growing your savings
You’ll be rewarded with bonus interest for every month^ you make a deposit to increase your account balance 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 month. After that you'll be charged $5 for each withdrawal^ which includes automatic payments, transfers between your accounts and card transactions linked to your Rapid Save account.
Open a Rapid Save account now in Internet or Mobile Banking
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.
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.
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 or Mobile Banking so you won’t need to remember each month to make a deposit into your Rapid Save account to increase your balance.
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 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.
Rapid Save at a glance
- -% p.a. combined interest rate (-% p.a. base rate + -% p.a. bonus rate)
- 1 free withdrawal per month, and all subsequent withdrawals charged at $5 per transaction
- No minimum deposit amount required per month
- Award-winning Internet and Mobile Banking
- Free alerts
Works best with
Good for putting money aside and managing your short term or smaller savings goals. Earn the same rate of interest on every dollar no matter what your balance is. Manage everything online, from making deposits, to transfers between your other accounts and you'll pay no fees^.
Good for supercharging your existing savings at a fixed rate of interest for the length of term you choose. If you move money from your Rapid Save account to a term deposit, we won’t count it as a withdrawal, so you can start taking advantage of the term deposit benefits whenever suits you^.