With interest rates falling and a large number of homeowners coming off fixed-rate mortgages, banks are ramping up their efforts to attract borrowers. Competition is heating up in the home loan space, with sharper rates, cashback deals, and all-in-one apps that promise convenience. And as part of those conversations, your KiwiSaver account can also come up.
But here's the truth: you don't need to move your KiwiSaver account to get a home loan. And you shouldn't feel pressured to.
Your KiwiSaver account doesn't need to move with your mortgage
Some clients tell us that, during mortgage conversations, their KiwiSaver account sometimes comes up, often with the suggestion that moving it to the same bank could make things simpler by having everything in one place. While that might sound appealing, it's not necessarily in your best interest. Your KiwiSaver account should reflect your future goals, not just what's easiest right now.
Your KiwiSaver account is a long-term investment, and it doesn't need to change just because your mortgage does. You've already made a thoughtful choice based on your goals, so there's no pressure to move it for the sake of convenience.
Why stay with the Hive KiwiSaver Scheme?
At Hive, KiwiSaver is done differently. Here's what sets Hive apart:
- Your KiwiSaver account and your goals, together – See your KiwiSaver account alongside your goal in one place, so you always understand the bigger picture.
- The multi-manager advantage – Hive gives you access to a range of leading fund managers, each with their own investment style and strengths, so you can build a Plan that matches your goal and risk appetite.
- Advice at the centre – Every Hive KiwiSaver member has access to expert advice. Advisers take the time to understand your situation and help you make confident decisions.
- Support that stays with you – As your goals and circumstances change, your Adviser helps you adjust and keep making progress with confidence.
With the right support, you can make strong decisions for both your home loan and your long-term goal for your KiwiSaver account.
Did you know Hive can help with both?
If you're exploring mortgage options, whether it's your first home or a refinance, you don't have to navigate it alone.
You can contact Hive or speak with your Adviser to:
- Review your KiwiSaver account and check it's aligned with your goals
- Understand your contribution settings and maximise government top-ups
- Get referred to an expert Mortgage Adviser who can help you compare rates across multiple lenders, secure competitive cashback offers, structure your loan in a way that works best for you — and even negotiate a better deal with your existing lender
- Ensure your investment and lending decisions are working together for your financial future
Hive is here to support you — with expert advice that connects the dots between smart investing and smart borrowing.
Let's talk
If you're planning to buy, refinance, or just curious about your options — Hive is here to help. Get in touch and Hive will connect you with a trusted Mortgage Adviser, plus do a quick review of your KiwiSaver account at the same time.
Talk to your Adviser today or get in touch with the Hive Client Care Team on 0800 242 023 or hello@hive.co.nz.
