Why are BNZ’s interest rates not competitive with other banks. I understand RaboDirect are slightly different to normal banks but how can their interest rates be so much higher than other banks, and how come BNZ’s rate is so much lower than the other banks.
With the exception of the Kiwibank Online call account, the other accounts have very similar limitations on withdrawals, so are pretty much identical products.
(For some reason the BNZ account is called total money when it should be personal on call)