Online Savings Accounts Interest Rates

With this interest rates table, you can use the arrows to sort by various options such as interest rate, provider, amount and rating.
Rates changes from the past seven days will be highlighted in green or red.

View Cash PIE and Term PIE rates here

Provider	RDGS	Product	Minimum Deposit	Maximum Deposit	Rate	Rating
ANZ	✓	Online Call	$2,000	-	3.50	AA
	✓	FastSaver	$1	-	3.65	AA
BankDirect	✓	Savings account	$1	-	3.65	AA
First Credit Union	✓	Online Savings	$1	-	3.75	BB
HSBC Premier	✓	Online Savings Account	$1	$14,999	0.90	AA
HSBC Premier	✓	Online Savings Account	$15,000	-	2.70	AA
Kiwibank	✓	Online Call bonus rate - no withdrawals	$2,000	-	3.50	AA-
Kiwibank	✓	Online Saver	$2,000	-	2.90	AA-
National Bank	✓	Online account	-	$4,999	3.50	AA
National Bank	✓	Online account	$5,000	$99,999	3.50	AA
National Bank	✓	Online account	$100,000	$249,999	3.50	AA
National Bank	✓	Online account	$250,000	-	3.50	AA
PSIS	✓	Online Account	$1	-	3.75▲	BB+
	✓	RaboPlus Savings Account	-	-	3.85	AAA
SBS Bank	✓	i-save	-	-	3.75▲
Southern Cross Bldg Socy	✓	Net Saver	$1	-	4.00	BB
	✓	Online Saver	-	$100,000	2.00	AA
	✓	Online Saver	$100,000	$499,999	3.00	AA
	✓	Online Saver	$500,000	-	3.00	AA

About Online Savings Accounts

Online savings accounts are a relatively new product for savers. You can find out more about their history here.
The banks who offer them are competitive, however there are some differences in products. The main differences are that Westapc and ANZ have tiered accounts offering different rates for varying amounts. Kiwibank has a unique approach in that it offers an additional 0.25% interest each month of there are no withdrawals.

RDGS = Approved institutions that are participating in the Crown Retail Deposit Guarantee Scheme.