Accounts

Accounts

Rates are subject to change at any time without notice.

Business Saver

BalanceInterest rate
All credit balances3.15% p.a.

FeeAmount
Monthly base feeNone
Free transactionsOnline/electronic deposits
Online bill payments
Transfers within the same unique account number
Other electronic transactions*Free deposits
Free Fastphone transfers between your unique account number
ASB FastDeposit$3.00
Manual transactions$3.00
Bill paymentsOne free per month

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Business Moneymaker

BalanceInterest rate
$0 - $9990.50% p.a.
$1,000+0.50% p.a.

FeeAmount
Monthly base fee$2.00 if your average monthly balance
is less than $1,000
ATM$0.50
EFTPOS$0.50
Other electronic transactions$0.50
ASB FastDeposit$0.50
FastCheque/IRD payments$0.50
Manual transactions$1.00
Automatic payments/bill payments$0.75
Other bank ATM usage fee^^$0.75

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Business Accelerater

BalanceInterest rate
$0 - $9990.25% p.a.
$1,000 - $4,9990.25% p.a.
$5,000+0.25% p.a.
Bonus rate*0.25% p.a.

* If you don't make any withdrawals or transfers from your Business Accelerater account during the month you will also earn additional bonus interest for that month.

FeeAmount
Monthly base feeNone
Free transactionsAll deposits (excluding cash handling fees)
First withdrawal per month
ATM$5.00
EFTPOS$5.00
Other electronic transactions*$5.00
FastCheque/IRD payments$5.00
Cheques$5.00
Manual transactions**$5.00
Automatic payments/bill payments$5.00
Other bank ATM usage fee$0.75

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ASB Cash Fund

$ Balance/UnitsRate of return
All credit balances3.15% p.a.

FeeAmount
Base and transaction fees
Service fees may apply		None

The rate of return is before tax and fees and subject to change. For more information see the ASB Cash Fund Investment Statement. The ASB Cash Fund is a unit trust issued by ASB Group Investments Limited. Investments in the ASB Cash Fund are not deposits with ASB Bank Limited. A minimum $500 deposit is required. ASB Bank Limited guarantees account balances and returns at the prevailing rate (before tax and any fees). The guarantee is unsecured.

Business call rates

BalanceInterest rate
0 - $4,9990.00% p.a.
$5,000 - $19,9990.00% p.a.
$20,000 - $99,9990.25% p.a.
$100,000 - $249,9990.75% p.a.
$250,000 - $499,9991.00% p.a.
$500,000 +1.25% p.a.

Ask at any ASB branch about current rates and fees, as they are subject to change.

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Professional trust sundry account

Interest rates are subject to change at any time without notice.

BalanceInterest rate 
$0 - $999,999.992.00% p.a.
$1 million + 3.10% p.a.

For further information about rates for professional trust accounts, please contact the professional services team on 0800 272 422.

Foreign currency deposit account rates

New Zealand resident rates for on-call deposits.

Currency Interest rate
Australian dollars, AUD
10,000 to 75,000 1.50% p.a.
75,000 to 250,000 1.85% p.a.
250,000+ 2.00% p.a.
Canadian dollars, CAD
20,000 to 65,000 0.00% p.a.
65,000+ 0.00% p.a.
Swiss francs, CHF
20,000 to 75,00 0.00% p.a.
75,000+ 0.00% p.a.
Euro, EUR
10,000 to 40,000 0.00% p.a.
40,000 to 200,000 0.00% p.a.
200,000+ 0.00% p.a.
British pounds, GBP
5,000 to 30,000 0.00% p.a.
30,000 to 150,000 0.00% p.a.
150,000+ 0.00% p.a.
Hong Kong dollars, HKD
100,000 to 400,000 0.00% p.a.
400,000+ 0.00% p.a.
Japanese yen, JPY
1.0 to 7.0 million 0.00% p.a.
7.0 million+ 0.00% p.a.
Singapore dollars, SGD
20,000 to 85,000 0.00% p.a.
85,000+ 0.00% p.a.
United States dollars, USD
10,000 to 55,000 0.00% p.a.
55,000 to 200,000 0.00% p.a.
200,000+ 0.00% p.a.

Interest rates are subject to change. Deposits which fall below the minimum balance accrue no interest. On call interest is calculated daily and compounded monthly. Term deposit interest is calculated daily and compounded on maturity. A copy of ASB's Disclosure Statement and ASB Treasury and Financial Markets Investment Statement for Term Deposits is available free of charge from any ASB branch on request. Fees apply.

For term deposit rates on balances in the second balance tier or higher, please contact ASB Global Markets on +64 9 302 3055 or 0800 806 280 between 8am to 5pm, Monday to Friday.

Fee Amount
Repayments direct credited to an account in NZD No charge
Withdrawal by issue of NZD bank cheque $5.00
Withdrawal by international money transfer1 $25.00
Withdrawal by issue of foreign draft $22.00
Withdrawal by issue of travellers cheques:
Minimum charge $10.00
Maximum charge 1% of value
Deposit or Withdrawal by foreign cash / notes (handling fee):
Minimum charge $10.00
Up to NZD 25,000.00 equivalent2 1% of value
Over NZD 25,000.00 equivalent2 1% of value
Cheque sent on collection3 $50.00 plus courier costs
International money transfer trace / amendment / cancellation $30.00
Draft stop payment3 $25.00
Re-issue of historical statements $5.00
Search fee (per hour) $60.00
Minimum charge $15.00

ASB Bank Limited ('ASB') reserves the right to amend these charges at any time.

Footnotes:
1. For international money transfers in foreign currency to or from other overseas accounts, our agent banks may deduct transfer charges.
2. Foreign cash deposits may be subject to a hold period.
3. May also be subject to charges imposed by overseas banks.

Cheques/drafts drawn on overseas banks

  • Cheques/drafts drawn on overseas banks, which we receive for deposit into foreign currency deposit accounts, are subject to a hold period of 21 business days.
  • This period may vary from time to time without notice. At its discretion, ASB may pay interest on the cheque/draft prior to this hold being removed.
  • However an exchange rate cannot be quoted on the proceeds of the cheques/drafts during this hold period.
  • ASB customers are liable for all costs and charges incurred for a dishonoured foreign cheque/draft, including without limitation, reimbursing immediately to ASB the principal amount, interest, any exchange differences, ASB charges, overseas charges and any other reasonable costs and charges incurred by ASB.
  • Available funds are not necessarily cleared funds.
  • Accordingly, ASB retains the right to claim back, for an unlimited period of time, all funds paid out on foreign cheques and drafts deposited into foreign currency deposit accounts.

Foreign cheques/drafts sent on collection
  • At its discretion, ASB may require foreign cheques/drafts to be sent on collection.
  • Collections have a processing period of approximately six weeks.
  • The processing bank may make a variable charge, which is beyond our control.
  • These drafts do not accrue interest until the proceeds have been confirmed as credited to the nominated ASB account.

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