Fast Forward Saver
A savings account that rewards good behaviour – earn bonus interest if you deposit at least $20 each month and don’t make any withdrawals (except permitted withdrawals).
Key features & benefits
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Earn in interest if you don't make any withdrawals (except permitted withdrawals) and deposit at least $20 in a month.
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No account management or monthly fees.
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Get one free withdrawal of any type per month, then $5 per withdrawal, and free deposits at a Kiwibank branch.
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Set up and track your savings goals inside this account with Goal Tracker.
Rates & fees
Interest rate |
Rate consists of base rate of plus bonus rate of , applied when no withdrawals (except permitted withdrawals) and minimum deposit requirements are met |
Account management fee |
Free |
Withdrawals - automatic payment, direct debit, bill payment |
One free withdrawal of any type per month, then $5 per withdrawal |
Withdrawals at a Kiwibank branch |
One free withdrawal of any type per month, then $5 per withdrawal |
Deposits at a Kiwibank branch |
Free |
Interest rates are subject to change.
How it works
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Bonus interest
You'll earn bonus interest each calendar month if you deposit at least $20, on or before the last business day of the month, and don't make any withdrawals or transfers (except permitted withdrawals).
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No card access
You don't get an EFTPOS or ATM card, which makes it harder to dip into your savings.
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Managing your account
Access your money anytime with internet, mobile, text and phone banking.
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Permitted withdrawals
You can use this account to fund Kiwibank Term Deposits, PIE Term Deposits or Notice Saver accounts without impacting your bonus interest. This is providing the funds are transferred directly in an immediate transfer.
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Verifying your identity
If you’re opening a new account with Kiwibank, we'll need to verify your identity and address.
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Savings
Set up and track your savings goals in internet banking with Goal Tracker.
Bonus interest
Fast Forward Saver rewards you with bonus interest each calendar month when you:
- make no withdrawals or transfers (except permitted withdrawals);
- and deposit at least $20, on or before the last business day of the month.
Just be aware, any interest earnt doesn't count as a deposit.
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Balance |
Base rate |
Bonus rate |
Total rate |
|---|---|---|---|
|
$0+ |
|
|
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Open an account
If you're keen to start building your nest egg with a savings account, you can apply online.
If you’re opening a new account with us, you'll need to verify who you are. You can do this using your smartphone or RealMe account. Otherwise, you’ll need to bring some ID and proof of address to your nearest Kiwibank.
New to Kiwibank?
Welcome! Complete our online application form to join Kiwibank and open your first account.
Join nowAlready a Kiwibank customer?
Log in to internet banking and go to Apply & Open to make it happen.
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Download Kiwibank’s Disclosure Statement (PDF 1.0 MB) or pick up a copy at your nearest Kiwibank.
Retail products aren't available to financial institutions or wholesale customers.