I am about to receive a small windfall. After paying off my debts, I want to squirrel some of it away as a wee nest egg. Any tips on the best way to do this? I want something that I can earn interest on, but not be locked into in case I need to access it.
BNZ rapid save accounts have really good rates that are better than most short-term term deposits. The current rate is 4.10% paid monthly if your balance is greater at the end of the month and you have made no more than one withdrawal that month. You also get one free transaction a month so your money is accessible but then $5 per withdrawal after that which helps discourage you from dipping into your savings all the time.