ASB bank accounts interest rates and fees
Rates, fees and charges may change
Savings On Call
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Balance
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Credit interest rate
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|---|---|
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All balances
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Savings Plus Monthly
Base interest
Calculated daily and paid monthly regardless of transactional activity or balance.
Reward interest
Effective 9am 1 December 2025
Calculated daily and paid monthly. If you make no withdrawal or 1 withdrawal during the first day of the month. No other withdrawals are permitted.
Combined base and reward interest
Effective 9am 1 December 2025
Headstart
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Account
|
Credit interest rate
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|---|---|
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Headstart
Effective 9am 2 December 2025 |
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Visa Debit card
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Fee
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Amount
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|---|---|
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Card fee every 6 months
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|
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Overseas card delivery
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ASB FastCash fees and limits
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Fee
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Amount
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|---|---|
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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.
Foreign Currency Accounts
Foreign Currency Accounts
There are no fees to transfer between your Foreign Currency Account and your NZD accounts. Service charges and foreign exchange fees apply. Please view our guide to fees.
Foreign Currency Accounts can earn interest on end-of-day credit balances that meet or exceed the below thresholds. Other currencies may be available. Please call us on 0800 806 280 for more information.
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Account Currency
|
Minimum Opening Balance
|
Credit Interest Threshold
|
Credit Interest Rate
|
|---|---|---|---|
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AUD
|
Australian Dollar AUD5,000
|
AUD10,000
|
2.25%
|
|
GBP
|
British Pound GBP5,000
|
GBP5,000
|
1.75%
|
|
CAD
|
Canadian Dollar CAD5,000
|
CAD20,000
|
0.25%
|
|
EUR
|
Euro EUR5,000
|
EUR10,000
|
0.25%
|
|
HKD
|
Hong Kong Dollar HKD50,000
|
HKD100,000
|
2.25%
|
|
JPY
|
Japanese Yen JPY500,000
|
JPY1,000,000
|
0.00%
|
|
SGD
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Singapore Dollar SGD5,000
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SGD20,000
|
0.00%
|
|
CHF
|
Swiss Franc CHF5,000
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CHF20,000
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0.00%
|
|
USD
|
U.S. Dollar USD5,000
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USD10,000
|
1.50%
|
Interest Rates effective from 18 June 2026.
ASB Cash Fund
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ASB Cash Fund account balance
|
Rate of return
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|---|---|
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Balance < $10,000
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|
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Balance $10,000 - $24,999.99
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|
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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+
|
|
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
|
Interest Rates
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|---|---|
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Unsecured* |
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|
Unarranged Overdraft interest rate (Personal accounts)* |
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Unarranged Business |
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Tertiary & Graduate |
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ASB no longer offer Unsecured Overdrafts or Tertiary and Graduate packages to new customers.
*Applies to the following Personal accounts: Streamline, Job Starter, Orbit Home Loan, Orbit Fastrack, HomePlus, Bursary Cheque, Everyday, Flexible Finance Facility, Personal Omni, Omni, Student Cheque, Transaction, Tertiary, Graduate & Unlimited.
The 0% interest on Tertiary and Graduate overdrafts apply for eligible customers and only for the period the customer qualifies for an ASB Tertiary or Graduate account. After this time, our standard unsecured overdraft interest rate will apply. See further terms below.
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Fees
|
Amount
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|---|---|
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Standard fee, including for temporary limits |
|
|
Tertiary and Graduate |
|
Interest is calculated daily and charged monthly.
ASB's Personal Banking Terms and Conditions apply.
Refer to our Guide to fees for other applicable fees. 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.