No minimum balance requirements
Reward interest rates encourage you to limit your withdrawals and stay on track with your savings
No matter how many withdrawals you make, you still earn the base interest rate
No monthly base fee, or fees to deposit or make self-service withdrawals
Savings Plus could be a great option if you have a longer-term savings goal.
With Savings Plus, the fewer withdrawals you make, the better off you are. Your savings earn a base rate of interest and then you have the opportunity to earn reward interest on top, depending on the number of withdrawals you make during a calendar quarter*.
We understand that sometimes you'll need access to your funds, so if you know you'll need to dip into your savings, try to plan ahead as 1 withdrawal during the first 5 days of the calendar quarter may not impact the interest you earn.
You can earn full or partial reward interest rates on amounts up to $2 million.
Base interest and any reward interest (after tax) can be automatically transferred to another ASB bank account immediately after it's paid to your Savings Plus account. The transfer of interest will not be counted as a withdrawal for reward interest purposes.
*A "calendar quarter" means any of the following periods: 1 January to 31 March, 1 April to 30 June, 1 July to 30 September or 1 October to 31 December (as applicable).
Calculated daily and paid monthly regardless of transactional activity or balance.
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.
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.
Self-service payments and other transactions (via internet banking, FastPhone, mobile banking & ATM).
Staff-assisted transactions (via branch, contact centre and business banking centres).
Getting off to a good start can make all the difference when saving. Discover a world of money tips from saving for a goal to teaching kids the difference between needs and wants.
A savings account where your money's on call, giving you access to your savings, while still earning interest.
A savings account where every dollar earns the same interest rate - great for those with smaller balances.
We automatically round up your electronic transactions and put the difference into a savings account you choose.
ASB’s Personal Banking Terms and Conditions (for personal banking customers) or ASB's Business, Rural and Corporate Banking Terms and Conditions (for business banking customers) and Savings Plus Terms and Conditions apply.