• Ways to bank
• Rates and fees
• Tools and calculators

Useful links

• Life events

  • Studying
  • Starting work
  • Buying a home
  • Enjoying your retirement
  • Going on holiday

• Manage your finances

  • Manage your finances using heaps!
  • Want to invest some money?
  • Need to borrow some money?
  • Managing your money
  • Tips to help you avoid penalty fees

Starting work

Managing your money

You’re earning more but new expenses like work clothes and travel can add up. Try to stick to a budget and pay off any debt, including student loans, as fast as you can.

• The IRD are currently offering Voluntary Repayment Bonuses on student loans. Check out their website for information on how to make the most out of this incentive.
• With compounding interest, debt will cost you more than the initial amount you borrow. Before you commit to any debt – whether it’s a hire purchase, an overdraft or a personal loan, work out how much your debt will cost you by checking out the Sorted debt calculators.

With Kiwibank, you can choose accounts and services that meet the new needs that can come with starting work:

• With Free Up, our award winning online account, you pay no account management fees and no electronic transaction fees, saving you money to spend on more important things!
• Our Bill Blaster account allows you to put money aside, away from temptation, to cover your expenses like rent, electricity and cell phone bills or loan repayments.
• The Kiwibank Visa Debit Card works just like an ATM/EFTPOS card, with the added benefit of being able to buy things online, over the phone or by mail order, and pay with your own money. We’ll even waive the first year’s card fee!
• If you’re thinking of getting a credit card, we’ve got a number to choose from. Whether you’re after low interest rates or rewards, we can recommend the best option for you.
• Starting your first full–time job often coincides with moving into a new flat. Kiwibank makes it easy with our flat accounts, which can be set up with two people’s names and two EFTPOS cards! If you set up your flat account as a Free Up, it will also be free of electronic transaction fees, monthly account fees and branch transaction fees.
• Don’t let anyone tell you that you’re too young to start saving! Whether you’ve got long term saving aspirations, like a deposit for a house, or shorter term goals, like saving for a car or travel, Kiwibank has a number of different savings accounts and investment options. We can help you choose the right option, allowing you to maximise the interest you earn.
• Budgeting can be a tricky business, especially when you first start work and money just seems to disappear. Our online budgeting tool, heaps!, is free and easy to access through internet banking. It helps you see what you’re spending your money on, and then lets you set targets and track how you’re going against your goals.

Graduate Pack

If you’re a recent graduate, you might be eligible for Kiwibank’s Graduate Pack. This can help save you money with:

• An interest free overdraft – up to $2,000 – you only pay a $2 monthly facility fee
• No monthly account management or transaction fees on your everyday accounts (though service fees may apply)
• A low interest rate credit card and a personal loan.

KiwiSaver retirement saving

If you’re over 18 when you start a new job, you’ll automatically be enrolled in a KiwiSaver scheme. Understanding all of the different parts of KiwiSaver can be confusing to begin with, with different investment options and fee structures. Check out our Kiwibank KiwiSaver Scheme. It offers choice of investment, easy access to your investment information and clear, upfront and easy to understand pricing.