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Updated at 7:22 pm on 14 May 2012
More New Zealanders appear to be saving, but they could be missing out on higher interest rates by not shopping around for the best deal.
A survey by the online savings bank RaboDirect found 73% of New Zealanders now have cash savings, compared to 47% in 2010.
RaboDirect's general manager Melanie Templeton says there has been a profound shift in people's savings habits.
However she says savers could earn more by shopping around for the best rates.
She says at least 30% of people do not shop around at all.
Copyright © 2012, Radio New Zealand
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