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. So as long as you don’t make a withdrawal during a calendar quarter (e.g. from 1 January to 31 March), you earn full reward interest. Make one withdrawal and you’ll earn a partial reward interest, or make more than one withdrawal and you’ll earn base interest. A withdrawal at anytime during the calendar quarter (including the first day and last day) will impact your reward interest, so if you know you'll be dipping into your savings think about choosing another ASB savings account.
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.
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) if you make no withdrawals during a calendar quarter.
If you make no withdrawals during a calendar quarter.
Calculated daily and paid quarterly (on balances up to and including $2,000,000) if you make one withdrawal during a calendar quarter.
If you make one withdrawal during a calendar quarter.
Via online banking, Fastphone and ATM (to your own accounts), FastDeposit boxes or branch deposits.
Bill payments, one-off payments, IRD payments and withdrawals. Also includes manual transfers via branch, contact centre, business banking and ASB Virtual Branch.
EFTPOS, PayHere, direct debit and automatic payments are not available on Savings Plus.
Cash deposits may incur a cash handling fee.
Service charges apply.
See all our rates and fees.
Whether you’re a night owl or an early bird, you can do your everyday banking at any time with FastNet Classic online banking. Sign in and you can pay your bills, set up automatic payments, order foreign exchange and more. You can even apply for a home loan after hours.
We’re there wherever you need us with the ASB Mobile app. Check your balance while waiting for a bus, move money between your accounts while you’re shopping, or pay a friend for lunch using just their mobile number.
Achieve your savings goal sooner with Save the Change. You can round up electronic purchases you make to the nearest dollar and the change goes into another account. You'll be surprised how quickly it can add up.
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.
We’re here to help.
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A savings account where your money’s on call. It earns a higher interest rate for higher amounts saved.
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.
