Savings Plus account
Get rewarded for not dipping into your savings. Our Savings Plus account earns reward interest if you don’t make withdrawals.
Benefits at a glance
- No minimum balance requirements
- Reward interest rates encourage you to not make 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 electronic transfer fees to transfer between your own ASB accounts
Is it right for me?
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 $1 million.
Interest rates & fees
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 $1,000,000) if you make no withdrawals during a calendar quarter.
Combined base and full reward interest
If you make no withdrawals during a calendar quarter.
Partial reward interest
Calculated daily and paid quarterly (on balances up to and including $1,000,000) if you make one withdrawal during a calendar quarter.
Combined base and partial reward interest
If you make one withdrawal during a calendar quarter.
Monthly base fee
Transfers and deposits
Via online banking, Fastphone, ATM, TXT banking (to your own ASB accounts), FastDeposit boxes or branch deposits.
Payments and withdrawals
Bill payments, one-off payments, IRD payments and withdrawals. Also includes manual transfers via branch, contact centre, business banking and ASB Virtual Branch.
Get more with ASB
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.
Open an ASB Savings Plus account
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ASB’s Personal Banking Terms and Conditions and ASB’s Business, Rural and Corporate Banking Terms and Conditions apply. See the Savings Plus Investment Statement for more information.