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.
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.
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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.
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.