I used to have an Online savings account with ANZ but recently moved the savings to Kiwibank's Notice Saver Scheme, it has around 4.3% Interest a year and at the time seemed like a good option, the down side is where I need to give them 90 day notice before I can take out my money. I recently thought of it and I dont think I like it much, Its Just under 20K and I rather have an account where I can access the funds if needed urgently..
I have spoken with the Kiwi bank rep over the phone about opening an Online savings account which has interest rates of around 3~% however there is a catch that when ever I widraw any funds even online, my interest rates will drop a bit. Which is quite different from what I think I had with ANZ. Do all you like online, Interest rates remain the same throughout and calculated everyday/how much you have by the end of the month. Basically doesn't drop when I transfer funds between my accounts.
Which brings me to the question, Should I move back to ANZ next year or should I find a new Bank? Anybody got any suggestions to another Bank who has better interest rates and accounts that may suit me? If it helps, I recently applied to re join some education in uni next year and have been put on a tertiary package.