How Wedge Savings Fund has compared to average on-call bank savings rate over time

How Wedge compares over time

Date of Change

Wedge Savings Fund Set Rate

Official Cash Rate

Set Rate margin over Official Cash Rate

Average on-call bank savings rate^*

Set Rate margin over average on-call bank

29 April 2025 (inception)

4.00%

3.50%

0.50%

1.83%

2.17%

4 June 2025

3.75%

3.25%

0.50%

1.58%

2.17%

21 August 2025

3.50%

3.00%

0.50%

1.49%

2.01%

13 October 2025

3.00%

2.50%

0.50%

1.47%

1.53%

*Source: Reserve Bank of New Zealand - Savings accounts: Unconditional
https://www.rbnz.govt.nz/statistics/series/exchange-and-interest-rates/new-interest-bearing-call-savings-account-interest-rates