Kiwibank is looking to take on its Australian rivals - and they're looking to reveal how many of their savers are missing out on interest on their 'bonus saver' accounts.

Bonus saver accounts are those where the highest rate of interest is only available if a saver complies with certain requirements like making a deposit each month and not making any withdrawals.

Kiwibank CEO Steve Jurkovich says many savers don't understand how these arrangements work, and the 'complexity' of banking has made it tough for people to understand.

"The real story here is, of course, that life happens. And so, you think you're going to be able to put that money away, you think you're not going to have to touch it - and then, surprise, surprise, something happens and you do need to touch it." 

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Kiwibank is looking to take on its Australian rivals - and they're looking to reveal how many of their savers are missing out on interest on their 'bonus saver' accounts.
Bonus saver accounts are those where the highest rate of interest is only available if a saver complies with certain requirements like making a deposit each month and not making any withdrawals.
Kiwibank CEO Steve Jurkovich says many savers don't understand how these arrangements work, and the 'complexity' of banking has made it tough for people to understand.
"The real story here is, of course, that life happens. And so, you think you're going to be able to put that money away, you think you're not going to have to touch it - and then, surprise, surprise, something happens and you do need to touch it."&nbsp;
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Steve Jurkovich: Kiwibank CEO on the bank urging politicians to investigate Australian rivals over 'bonus saver' accounts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/163445a9-54c6-4ada-a925-b4ba00751f61/transcript

Tonight on The Huddle, lawyer Liam Hehir and Jack Tame from ZB's Saturday Mornings and Q&A joined in on a discussion about the following issues of the day - and more! 

Luxon is copping some backlash after it came out that he took a second plane overseas after criticising Hipkins for the same thing. Do we think this is acceptable, or is this a bad look? 

National is on the attack, directing ads at Labour and the left accusing them of wanting to increase taxes. Are we getting sick of this? 

Why are EVs getting so popular? 

LISTEN ABOVE

Tonight on The Huddle, lawyer Liam Hehir and Jack Tame from ZB's Saturday Mornings and Q&amp;A joined in on a discussion about the following issues of the day - and more!&nbsp;
Luxon is copping some backlash after it came out that he took a second plane overseas after criticising Hipkins for the same thing. Do we think this is acceptable, or is this a bad look?&nbsp;
National is on the attack, directing ads at Labour and the left accusing them of wanting to increase taxes. Are we getting sick of this?&nbsp;
Why are EVs getting so popular?&nbsp;
LISTEN ABOVE

The Huddle: What do we make of Luxon taking a second plane to Palau?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9d51d397-47f7-454f-8a7b-b4ba00801291/transcript

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Thursday  3 September.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Thursday 3 September. 
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 03 September 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b6534d2e-0e03-48b4-90e1-b4ba0076ae80/transcript

Question for you: is National's tax strategy working?

What I'm talking about is the blatant strategy they have of swamping social media and traditional media with warnings about Labour, the Greens, and the Opportunity Party's taxes in a bid to freak you out so badly it drives you back to National.

The reason I'm asking is that I'm not entirely convinced this is working. It just seems desperate and embarrassing from National.

For example, National has been accused of dishonesty because it's running social media videos featuring a number of National MPs warning about Labour's nine taxes.

Now, Labour doesn't have nine taxes. At best, it has two: the capital gains tax and the bed tax. The others are taxes it's ruled out.

You and I might have legitimate doubts about Labour's ability to rule out those taxes because we all know coalition negotiations can change everything. But that's what National should say. They should make that argument.

Pretending Labour has nine taxes that it doesn't have is embarrassing and, honestly, it's no better than what Tamatha Paul of the Greens has been doing when she's accused National MPs of buying houses for rent, when that is blatantly not true.

National's social media feed at the moment is a line-up of really lame, try-hard memes about tax. I don't know who finds these funny. I don't know who the target audience is because I look at them and think they're cringeworthy.

There's one that looks like a trailer for a Pixar movie about a little boy named Chris who gets told off by a teacher for stealing other kids' money. Then there's one with a Star Wars reference to tax, with Chris Hipkins' face imposed over the top. Again, it lands really poorly and just looks cringe.

I think the problem is that I'm not convinced tax is what people are worried about right now. People are more concerned about what's actually going on in their lives: the rates bill, the power bill, the grocery bill and the possibility that each of those might go up again.

They're more worried about that than paying capital gains tax on a house that hasn't had any capital gains in years.

Now, maybe the strategy will eventually pay off. It's entirely possible that, at some point, voters will engage their brains about how they're going to vote, the tax issue will click and it will be worth a few points to National. Maybe talking about it ad nauseam, as they are at the moment, will help make that happen.

But it's coming at a cost right now.

It looks desperate. It looks a bit dishonest. And it's led to comparisons with Tamatha Paul, who is as loose as you like with the facts. Frankly, when you start getting compared to the Greens and Tamatha Paul, it's probably time to ask whether the strategy has gone a bit too far.

LISTEN ABOVE

Question for you: is National's tax strategy working?
What I'm talking about is the blatant strategy they have of swamping social media and traditional media with warnings about Labour, the Greens, and the Opportunity Party's taxes in a bid to freak you out so badly it drives you back to National.
The reason I'm asking is that I'm not entirely convinced this is working. It just seems desperate and embarrassing from National.
For example, National has been accused of dishonesty because it's running social media videos featuring a number of National MPs warning about Labour's nine taxes.
Now, Labour doesn't have nine taxes. At best, it has two: the capital gains tax and the bed tax. The others are taxes it's ruled out.
You and I might have legitimate doubts about Labour's ability to rule out those taxes because we all know coalition negotiations can change everything. But that's what National should say. They should make that argument.
Pretending Labour has nine taxes that it doesn't have is embarrassing and, honestly, it's no better than what Tamatha Paul of the Greens has been doing when she's accused National MPs of buying houses for rent, when that is blatantly not true.
National's social media feed at the moment is a line-up of really lame, try-hard memes about tax. I don't know who finds these funny. I don't know who the target audience is because I look at them and think they're cringeworthy.
There's one that looks like a trailer for a Pixar movie about a little boy named Chris who gets told off by a teacher for stealing other kids' money. Then there's one with a Star Wars reference to tax, with Chris Hipkins' face imposed over the top. Again, it lands really poorly and just looks cringe.
I think the problem is that I'm not convinced tax is what people are worried about right now. People are more concerned about what's actually going on in their lives: the rates bill, the power bill, the grocery bill and the possibility that each of those might go up again.
They're more worried about that than paying capital gains tax on a house that hasn't had any capital gains in years.
Now, maybe the strategy will eventually pay off. It's entirely possible that, at some point, voters will engage their brains about how they're going to vote, the tax issue will click and it will be worth a few points to National. Maybe talking about it ad nauseam, as they are at the moment, will help make that happen.
But it's coming at a cost right now.
It looks desperate. It looks a bit dishonest. And it's led to comparisons with Tamatha Paul, who is as loose as you like with the facts. Frankly, when you start getting compared to the Greens and Tamatha Paul, it's probably time to ask whether the strategy has gone a bit too far.
LISTEN ABOVE

Perspective with Heather du Plessis-Allan: Is National's tax strategy really working?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fa171b6f-6a49-4c90-9322-b4ba007b373a/transcript

Steve Jurkovich: Kiwibank CEO on the bank urging politicians to investigate Australian rivals over 'bonus saver' accounts

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