Dave from Squirrel » user profile

Hi, the comparison in this thread is the Squirrel On-call Account v banks cash PIE's. The investment risk is virtually the same on these…

Yep, thats fair, there is 0.04% in it with the PIE option at 4.50%. Squirrels after tax rate for a 39% tax payer is 3.20% v Westpac at…

Hi, there are two banks. One dark blue one and one red one.

Getting into the technicalities, customer funds are held by Squirrel P2P Trustee. This is the name on the bank accounts. Squirrel the…

Yes, that is correct!

Hi, Squirrel does not have a credit rating. You can see our financials here if you wish:…

Hi, no problem, we're really transparent with how we operate. If Squirrel's not for you, thats OK. As an FYI, interest rates on bank…

Hi, thats my mistake, the Dosh product started out as a bonus saver product and must have changed recently. Squirrel product still pays…

The Dosh Strive is a bonus saver and paying lower interest, you're still better off with Squirrel product in my humble opinion.

Lotsa rules with ASB's product ... you'll earn more with Squirrel with a similar risk profile given the funds are stored at main banks. I…

So many rules with Heartland, and the time it takes their transactions to settle is crazy. With Squirrel, 2hr round trip (in and out) 7…

Yep, thats true. In the case of the Squirrel On-call Account, the money you store in there is deposited with two of NZ's main banks. So…

Hi Jackvdbuk, When you invest in the Squirrel On-call Account, the money is held on Trust for you. This means your funds are ringfenced…

Hi Bobtherobber, for our customers when they withdraw funds from their on-call account, it usually takes about 2hours to make it back to…

Hi Bill, there is a reasonable chunk of change in that account, at the moment around $130m. We publish this on our website, so you can go…

Hi, yes we are splitting the money across two banks. It's a prudent thing to do given the balance in this account is now around $130m. We…

With Squirrel, your money is held on Trust for you. To simplify things, that means the money is yours, and Squirrel is a custodian of the…

Justaddwater is correct. Westpac's Bonus Saver product requires you to make a deposit each month and not make withdrawals to earn the…

Hi, I'm Dave Tyrer from Squirrel. I'll attempt to answer the questions posed. No referral is required, simply register, deposit, and get…

Welcome aboard!