ASB bank accounts interest rates and fees
Rates, fees and charges may change
Streamline
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All Balances
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Interest Rate
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All balances
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Fee
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Amount
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Monthly base fee
(pay no monthly base fee if you stop paper statements through FastNet Classic) |
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Transfer between your ASB accounts (via online banking, FastPhone and ASB ATM).
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Bill payment, one-off payment, IRD payment, ATM withdrawal
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EFTPOS withdrawal
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Automatic payment, direct debit
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Branch deposit
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Withdrawal, transfer, IRD payment, one-off payment,
(via branch, contact centre and business banking centres) |
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Fees are charged on a per transaction basis.
Omni
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Balance
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Interest Rate
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All balances
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Fee
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Amount
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Monthly base fee
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Transfer between your ASB accounts (via online banking,
FastPhone and ASB ATM) |
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Bill payment, one-off payment, IRD payment, ATM withdrawal
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EFTPOS withdrawal
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Automatic payment, direct debit
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Branch deposit
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Withdrawal, transfer, IRD payment, one-off payment,
(via branch, contact centre and business banking centres) |
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Fees are charged on a per transaction basis.
Unlimited
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Balance
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Interest rate
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$0 - $99,999
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$100,000+
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Fee
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Amount
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Monthly base fee
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Transfer between your ASB accounts (via online banking,
FastPhone and ASB ATM) |
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Bill payment, one-off payment, IRD payment, ATM withdrawal
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EFTPOS withdrawal
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Automatic payment, direct debit
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Branch deposit
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Withdrawal, transfer, IRD payment, one-off payment,
(via branch, contact centre and business banking centres) |
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Fees are charged on a per transaction basis.
Savings On Call
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Balance
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Interest rate
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<$10,000
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$10,000 - $24,999.99
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$25,000 - $49,999.99
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$50,000 - $99,999.99
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$100,000+
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Monthly base fee
Self-Service Withdrawals and deposits
Self-service payments and other transactions (via internet banking, FastPhone, mobile banking & ATM ).
Staff-assisted withdrawals
Staff-assisted transactions (via branch, contact centre and business banking centres).
Fees are charged on a per transaction basis.
*Withdrawals from a savings account are available from ASB ATMs if you link it to a transaction account.
Savings Plus
Base interest
Calculated daily and paid monthly regardless of transactional activity or balance.
Full reward interest
Calculated daily and paid quarterly (on balances up to and including $2,000,000). You can make 1 withdrawal during the first 5 days of the calendar quarter. No other withdrawals are permitted.
Combined base plus full reward interest
Partial reward interest
Calculated daily and paid quarterly (on balances up to and including $2,000,000). You can make 1 withdrawal but if that withdrawal is during the first 5 days of the calendar quarter then you can make a second withdrawal at any time during that calendar quarter.
Combined base plus partial reward interest
Balances above $2 million earn base interest only.
Monthly base fee
Self-Service Withdrawals and deposits
Self-service payments and other transactions (via internet banking, FastPhone, mobile banking & ATM).
Staff-assisted withdrawals
Staff-assisted transactions (via branch, contact centre and business banking centres).
Fees are charged on a per transaction basis.
*Withdrawals from a savings account are available from ASB ATMs if you link it to a transaction account.
FastSaver
All balances
Monthly base fee
Self-Service withdrawals and deposits
Self-service payments and other transactions (via internet banking, FastPhone, mobile banking, PayHere, EFTPOS & ATM).
Staff-assisted withdrawals
Staff-assisted transactions (via branch, contact centre and business banking centres).
Fees are charged on a per transaction basis.
The first chargeable electronic and staff-assisted transaction per month is free for FastSaver
*Withdrawals from a savings account are available from ASB ATMs if you link it to a transaction account.
Headstart, Job starter's, Tertiary and Graduate accounts
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Account
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Interest rate
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Headstart
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Job Starter's
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Tertiary
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Graduate
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Fee
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Amount
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Monthly base rate
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Transfer between your ASB accounts (via online banking, FastPhone and ASB ATM)
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Bill payment, one-off payment, IRD payment, ATM withdrawal
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EFTPOS withdrawal
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Automatic payment, direct debit
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Branch deposit
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Withdrawal, transfer, IRD payment, one-off payment, (via branch, contact centre and business banking centres)
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Fees are charged on a per transaction basis.
Visa Debit card
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Fee
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Amount
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Card fee every 6 months (free for Tertiary and Job starter's)
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Overseas card delivery
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Visa Debit fee free cards are available for the life of the Tertiary account and the first two years of the Job starter’s account from the date it is issued. At the end of this period standard interest rates and fees will apply.
ASB FastCash fees and limits
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Fee
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Amount
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Card fee
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Overseas card delivery
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Daily purchase limit
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Daily ATM withdrawal limit
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Service charges and overseas transaction charges apply. For details of fees applicable to your account(s) accessible by your ASB Fastcash card please see our Guide to Fees, which is also available at any ASB branch.
Overseas transactions
Overseas transactions will either first be converted into US dollars and then into New Zealand dollars or converted directly at an exchange rate selected by Visa, from available wholesale rates (or, if applicable, the Government mandated rate).
The Offshore Service Margin is a margin charged by us when you use your card to make an overseas transaction. An overseas transaction is a transaction made in currency other than in New Zealand.
For overseas transactions made using your Visa Debit card offshore service margins of 2.10% are charged on the converted New Zealand dollar amount of the transaction.
For overseas transactions using your ASB FastCash or Cashflow card offshore service margins of 1.1% are charged on the converted New Zealand dollar amount of each cash transaction.
The converted amount and the offshore service margins will be debited from your nominated bank account and detailed on your statement.
You will be charged ASB FastCash card fees and margins if you select cheque or savings when using your ASB credit card overseas.
ASB Cash Fund
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ASB Cash Fund account balance
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Rate of return
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Balance < $10,000
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Balance $10,000 - $24,999.99
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Balance $25,000 - $49,999.99
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Balance $50,000 - $99,999.99
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Balance $100,000 - $19,999,999.99
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Balance $20,000,000+
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Fee
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Amount
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Base and transaction fees
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Service fees will apply.
The rates of return are before tax and any fees. A $500 minimum balance is required. Rates of return can change at any time.
Overdrafts
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Types
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Interest Rates
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Unsecured |
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Unarranged |
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Tertiary & Graduate |
0.00% per annum while this Account is an ASB Tertiary or Graduate account. After this time interest will be charged at our unsecured overdraft rate. |
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Fees
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Amount
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Standard fee, including for temporary limits |
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Tertiary and Graduate |
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Monthly overdraft facility fee (arranged)
The greater of 0.12% of the overdraft limit and 0.12% of the highest daily overdrawn balance (minimum charge $2).
Monthly unarranged overdraft fee
If the account is overdrawn (exceeding $20.00) in excess of an agreed overdraft limit or there is no arranged overdraft in place.
0.12% of the highest daily overdrawn balance (minimum charge $10).
Interest is calculated daily and charged monthly.
Refer to our Guide to fees for other applicable fees. Accelerator, MoneyMaker, Flexisave and PrizeSaver accounts are no longer sold. Please see here or enquire at your nearest ASB branch for details on these accounts. Transactions completed via FastNet Business on personal bank accounts will be charged applicable FastNet Business fees. Please refer to the Guide to Business Banking Fees.
For more information on ASB Cash Fund refer to the ASB Cash Fund and ASB Term Fund Terms and Conditions. Units in the ASB Cash Fund are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). Investments made in the ASB Cash Fund are not deposits with ASB. ASB guarantees account balances and returns due but not paid (less fees and any PIE tax). The guarantee is unsecured.
