Unleash your savings potential!
If you're a regular saver or keen to start a savings habit, PremiumSaver may be perfect for you. Your money is on call and you don't need to switch banks. Cut your savings loose from your main bank to get started today!
Existing customers please login to invest | Not available for businesses or trusts
Key features
The account offers a premium rate of interest if you are an active, committed saver. The key features are listed below:
Earn 4.25% p.a. on balances up to $100,000*
To earn premium interest, you need to increase your balance by $50 before the second to last business day of each month
No account fees
*If the required $50 balance increase is achieved the standard on call rate of 3.15% p.a. applies to the portion of the PremiumSaver balance over $100,000. If not, a rate of 1.00% p.a. will apply to the total PremiumSaver balance.
How it works
To earn maximum PremiumSaver interest for a month, your PremiumSaver balance must be at least $50 higher at the end of the month than at the beginning (excluding interest paid during that month).
Meet Jane
Jane has a PremiumSaver balance of $10,000 on the 1st of the month. On the 5th Jane deposits $25 into PremiumSaver then withdraws $100 on the 11th. Her balance is now $9,925. Jane then deposits $100 on the 10th and a further $50 before the end of the month. This leaves Jane with an end of month PremiumSaver balance of $10,075.
By the end of the month Jane managed to increase her total balance by $75. This qualified her for premium interest because her total balance increase was greater than the $50 minimum.
How to transfer funds
There are two ways to transfer funds into and out of your PremiumSaver account. Click the links below to see how this works:
See how we stack up!
Compare PremiumSaver to similar products from other banks:
 | PremiumSaver | 4.25%* | 1.00% | Unlimited withdrawals
Increase balance by $50 per month |
 | Serious Saver | 4.00% | 0.10% | No withdrawals
Increase balance by $20 per month |
 | Rapid Save | 4.00% | 0.10% | One free withdrawal
Increase balance |
 | Fast Forward Saver | 2.00%† | 0.25% | No withdrawals
Bonus interest for increasing balance by $20 per month |
 | Online Bonus Saver | 4.00% | 0.10% | No withdrawals
Deposit (any amount) |
Figures sourced from 
as at 16 May 2013.
*If the required $50 balance increase is achieved the standard on call rate of 3.15% p.a. applies to the portion of the PremiumSaver balance over $100,000. If not, a rate of 1.00% p.a. will apply to the total PremiumSaver balance.
†Rates include bonus interest of 1.00% p.a. if at least $20 is deposited, and no withdrawals are made, each calendar month.
Tell me more
 | A premium rate for active saversWith our PremiumSaver account you can gain a market leading interest rate when you actively save each month. Premium interest is earned when you increase your balance by $50 by the second to last business day of the month. Balance amounts over $100,000 will not attract the premium rate, but will still attract our on call rate of 3.15% - just be sure you keep actively increasing your balance by $50 each month. Please note: If you do not meet the minimum $50 monthly PremiumSaver increase, you will still receive 1.00% p.a. on the total PremiumSaver balance. Hot tip: We recommend you check your balance, and make any necessary payment by the 26th of the month (it's a good idea to put a reminder in your phone). |
 | Funds at your fingertipsPremiumSaver may be the perfect product to help you cut your savings loose from your current bank. One of the perks of having a PremiumSaver account is you can make unlimited withdrawals and transfers into your account whenever you like. Your money isn't locked away and is there if you need it for a rainy day. However, to gain the benefit of the excellent PremiumSaver interest rate you must increase your total PremiumSaver balance by $50, before the second to last business day of the month. |
 | Interest calculated daily & paid monthlyFrom the day you make your first transfer into your PremiumSaver account your money will be earning interest. Interest will be earned on the daily balance of the account from the start of the month, including on any additional deposits, and is paid monthly at the end of the month. |
Apply in 3 easy steps
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Complete our online formYou'll need your IRD, bank account and driver licence number. | Print and sign the formYou'll also need to include your supporting documents. | Freepost your documentsRemember, no stamp required! |
| Apply for an account |