Keep your money handy and growing with 3.00%p.a. returns
Earn higher interest on your savings in our On-Call savings account, with your funds held securely with NZ registered banks. No minimum deposits or account fees and unlimited withdrawals without penalties.
It's a no brainer!
100% Kiwi-owned, with your best interest at heart
No penalties or minimums
Deposit and withdraw with no restrictions and no fees
Speedy withdrawals
Need funds fast? Withdrawals typically reach your bank account within 2 hours, any day of the week between 9am - 11pm
Secure and protected
All your On-Call Account funds are held securely on Trust with AA-rated NZ banks.
Ready to give your savings a boost?
Join thousands of other Kiwi
$
Current balance across all Squirrel On-Call Accounts
What do others thinkRead more Google reviews
Read more Google reviews
"Top interest rates"
"Easy onboarding"
"User-friendly app"
"Simple investing"
What's a Squirrel On-Call Account?
It's a flexible account, but earns interest like a savings account. Your On-Call account is ready as soon as you sign up with Squirrel, linked up to your verified bank account for easy deposits and withdrawals. You can start earning interest from day one without any penalties.
- Deposit money and start earning daily interest right away
- Take money out and in as often as you like with no penalties
- If you want to earn even more, you can invest in our term investments or Monthly Income Fund (PIE) using the money in your On-Call Account
- Manage your On-Call Account from our easy app.
*Rates sourced from www.interest.co.nz and correct as at 05.06.25
Tired of your savings doing... well, not much?
If your "high-interest savings account" is performing more like a low-effort houseplant, we get it. It’s a jungle out there, and sometimes the biggest banks offer rates that make you wonder if they're even trying.
See how the Squirrel On-Call Account stacks up against the "no strings" savings accounts on offer across our big five banks.
Ready to start earning more?
Squirrel's been helping Kiwis make smart money choices since way backDespite our youthful looks we're no spring chickens. Our team has earned their stripes and Squirrel's been around since 2008.
Despite our youthful looks we're no spring chickens. Our team has earned their stripes and Squirrel's been around since 2008.
Mortgage broker
We've been helping Kiwis into their homes since 2008, hunting down the best deals from all the main banks.
Lender
Not everyone fits inside the bank box. That's where our own unique lending products come in.
How much could I be earning from a Squirrel on-call account?
Calculate how much interest you could be getting paid every month. It all adds up!
*This calculator is intended as a guide for illustrative purposes only and is not intended to provide financial advice. It assumes that the amounts entered are invested for the entire period selected and the returns are based on the interest rate selected. The calculation results do not take into account taxes that may be applicable to you (including withholding tax). Please note that interest rates offered on our platform are subject to change. To talk to one of our team at Squirrel, please call 0800 21 22 30 or you can find more information about P2P investing here. We recommend seeking financial advice about your situation and goals before investing into any financial product.
If you've got questions, we've got answers
Have a read below and if you can't find what you're looking for, feel free to give us a call on 0800 21 22 30.
Smarter than a traditional bank account
Don't leave your money sitting idle in a bank transaction account just because you want access to it whenever you like.
With the Squirrel On-Call Account, you can have the best of both worlds. Earn interest and make as many deposits and withdrawals as you like with zero penalties.
When you make a withdrawal, it's back in your bank account typically within 2 hours.
Want to earn even more?
Once you have a Squirrel On-Call Account, you'll have the option of investing in Term Investments or our Monthly Income Fund, earning up to 7.75%p.a. while supporting Kiwi homeowners.
Manage everything easily in the Squirrel app, including the opportunity to sell your investment on the secondary market if you need funds before the term ends.
And guess what? No Squirrel investor has ever lost a cent (past performance cannot guarantee future performance).
Read all about the latest saving and investing happenings here
Check out our blog
Investor update - July 2025
Read the latest investor update from Dave Tyrer, covering interest rates, an economic update, investor queues and a check-in on our loan portfolio.
The 6 fintechs offering NZ’s best savings account alternatives
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.
Ranking New Zealand's best and worst savings accounts
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.
Don’t just take our word for it
Egle
New Zealand
It is a perfect savings account
Nathan
New Zealand
I only took out because of an emergency, will be coming back.
Anonymous Customer
New Zealand
Squirrel offered a great product and at some point I hope to sign up again to invest specifically. However the crux was I had too many accounts and it was becoming too challenging to manage all of them. My savings also weren't great enough to warrant a significant return so the decision was made to close it for the time being. Every person I had the pleasure of contacting at Squirrel was excellent, approachable and had genuine warmth and passion for the company. It was refreshing to experience.
Gene
New Zealand
Easy account set up with fast response's making the process relatively painless. Good discussuion had with a team member in respect to how the practically best manage the investment process with practical and real world feedback.