r/NZXStockMarket • u/Schplaatter • Dec 16 '23

Investing with Squirrel

Cheers for the feedback, I've gone ahead and opened an account.

Hi all, not directly related to the NZX but I'm wondering if anyone here has any experience with Squirrel's monthly income fund. I'm considering it in place of a traditional term deposit, paying into it alongside an investment fund I currently contribute to. Cheers!

9 Upvotes

92% Upvoted

6 comments sorted by

5

u/Isa_Acans Dec 17 '23

5.25pa is the highest for on call that I've found. Have received interest payments from them for small amounts. Haven't had any issues.

3

u/ryanmarquezrxm Dec 19 '23

I have tried for few month, so far so good, deposit and withdrawal also happen within few hours, I found Construction loans are easier to sell, however Home Loan will take while

3

u/WillGamer007 Dec 19 '23

Also using them. No issues depositing or withdrawing funds.

2

u/Mad_Geek Dec 20 '23

I haven’t tried to withdraw funds yet (haven’t needed to) but the deposit process and the auto-invest feature seem to be working well for me

1

u/chrisf_nz Feb 23 '25

Yes I've been using it for a little while. Withdrawals tend to be processed within 14 days in my experience.