Simply rewarding savings
Keep your money safe, producing a great return, and available when you need it.
Great rate today, and tomorrow
Our customers want their savings to be returning a competitive interest rate today and tomorrow.
Our ongoing commitment to offering our customers amongst the highest unconditional savings rates in NZ is achieved by aligning our rate closely with the Reserve Bank of New Zealand's Official Cash Rate. You can expect our interest rates to change when the OCR changes.
Unconditional savings differ to term deposits in that your money is available when you need it, not just at the end of a fixed term. Many NZ savers have learned that it is now very difficult to 'break' a fixed term deposit early.
Our current rate
5.0%
Some key features
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Safety first. Your savings are held in trust at a registered NZ bank that is credit rated AA- (the 'account bank').
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Easy access. Withdraw savings anytime with no penalties. Savings repaid within 1 business day of request.
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This interest rate is an annual rate that we calculate daily and pay into your GroU account monthly.
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Rate subject to change. The rate will change when the rate GroU receives from the account bank changes. The account bank rate changes are primarily driven by changes in the NZ Reserve Bank's Official Cash Rate.
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Zero fees. GroU does not charge fees.
Safe
Rest assured that every cent of our customers' funds are securely held in registered New Zealand banks with AA- (or better) credit ratings from Standard & Poor's Global Ratings, our commitment to your financial safety is unwavering.
Flexible
No matter the reason, you can withdraw your savings anytime. GroU customers don't need to wait for a term deposit to mature and there is no penalty or cost associated with withdrawal. Repayments are processed and delivered to our customers within a single business day (excludes public holidays).
Rewarding
Our interest rates fluctuate with the ever-changing economy. Nevertheless, we are proud that our current interest rate is 1.6% higher than the average comparable rates from NZ banks. This means our customers get 50%+ more reward on their unconditional savings.
"GroU was designed for New Zealand savers like me who want it all: safety, competitive returns, and flexibility."