Savings on Call
A savings account where your money is on call, giving you access to your savings, while still earning interest.
A savings account where your money is on call, giving you access to your savings, while still earning interest.
Similar to a term deposit but may offer a better after-tax return if you're on a higher income tax rate.
Earn a fixed interest rate for investing your money for a selected period of time with a term deposit. Simply choose the timeframe and how you want the interest to be paid.
Similar to Savings On Call but may offer a better after-tax return if you're on a higher income tax rate.
It's amazing how fast your balance can build up when you put a small pot of money aside regularly. Even $20 every week becomes more than $1,000 over a year.
Save before you spend it. Putting savings into a separate account each payday means you'll be less tempted to touch it! Setting up an automatic payment to your savings account, or a regular voluntary contribution to your KiwiSaver account are other options for you to consider.
Savings is income minus expenses. So, are there any expenses you could remove? Cutting out a few little luxuries can also help you stay focussed on your goal. You’ll be surprised how the little things quickly add up.
Save as you spend with ASB Save the Change. When you sign up, your electronic transactions are automatically rounded up to a chosen amount, whether it's $1, $2, $5, or $10. The difference is then transferred to your selected savings account. You won’t even notice it!
If you're starting to think about saving for your first home deposit, here's how KiwiSaver could help.
Not a member of the ASB KiwiSaver Scheme? Join in a few minutes.
The budget. Some may call it a fun-stopper, but as tricky as it can be, it's the best way to start making some serious savings.
By figuring out how much you're earning versus spending you can see realistically how much you can save for your house. You can use our Track My Spending tool to see where your money's going. If you're planning to use your KiwiSaver savings it pays to check how much is going into your KiwiSaver account.
A budget gives you a plan for how you'll split your income out across your expenses and savings. Our handy How to budget blog or the Sorted budgeting tool can help you put one together.
To help you stick to your plan you can set up an automatic payment to transfer your savings to a separate account or directly into your KiwiSaver account (if you're eligible for a first home withdrawal) each payday.
When your goal is set and it's been a few weeks since you started budgeting, look at how it's going. Is it realistic? Do you need to make any minor adjustments? Once you're happy with where it's at, stick to it and watch your savings grow.
You may be eligible for a First Home Grant of up to $5,000 if you purchase an existing home or up to $10,000 if you buy a new home or land to build on. To apply for a First Home Grant you need to check you are eligible.
If you are eligible, there are two ways to apply:
For more information or to apply, check out the First Home Grant page on the Kᾱinga Ora website.
To get a home loan your deposit will generally have to be 20% of the property's value - but it all depends on your individual situation. You may be able to get into your home sooner with a deposit as little as 10%.
Get in touch with us when you're beginning to save to talk through your options.
Depending on your situation, ASB may be able to lend to customers that have a deposit as little as 10% with a low equity loan.
If you're eligible for a low equity loan, there may be some extra requirements to think about, like the low equity margin, or having a family member as a guarantor.
If you can't find the right home, building one could be the way to go. If you borrow money to buy land and build a new home, then you also may not need a 20% deposit. Chat to us to figure out the best option for you.
KiwiBuild is a government programme to build affordable housing for first home buyers. Check to see if you're eligible for KiwiBuild.
The first step on the property ladder is to be armed with the best advice before you start. ASB has all the tools for your dream home buying process.
Tips and tools for the first home buyer to help you plan, budget and save money. Use our mortgage repayments calculator to compare home loans, interest rates, terms and mortgage payments.
Ways you could boost your savings to help you on your journey to first home ownership.
How to hunt for the right home and who to talk to while you're looking.
Handy information for the lead up to and process of buying your first home.
We're here weekdays 8:00am - 6:30pm or Saturday 8:30am - 5:00pm to answer your home loan questions.
Ready to take the next step?
Get started with your home loan application online. Provide a few details and one of our home loan specialists will be in touch to complete the next steps with you.
This form will take 5-10 minutes to complete.
Our home buying experts cover much of the country.
ASB's lending criteria, terms conditions and fees apply.
ASB Cash Fund and ASB Term Fund Terms and Conditions apply. Units in the ASB Cash Fund are issued by ASB Group Investments Ltd, a wholly owned subsidiary of ASB Bank Limited. Investments in the ASB Cash Fund are not deposits with ASB Bank. ASB Bank guarantees account balances and returns due but not paid (less fees and any PIE tax). The guarantee is unsecured.
Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz (search for ASB KiwiSaver Scheme).
Returns are a reflection of past performance and are not a guarantee or indication of future performance because returns fluctuate (move up and down). Returns can be negative and you may receive back less than the total amount of your contributions.