If you are saving over a long period for a deposit on a home, a dream holiday or a rainy day, Savings Plus provides a good solution.
- No base fees.
- No minimum balance.
- No transaction fees for electronic self-service transfers into another of your own ASB accounts (but this will impact your reward interest).
- Reward interest is calculated on the daily closing balance of your account on balances up to and including $1,000,000, and is applied quarterly.
- If you are registered for FastNet Classic online banking when you open your account, you will only receive electronic statements. Paper statements are available on request.
- EFTPOS is not available on this account.
Tips: If you need to dip into your savings, you can also make some everyday transactions like bill payments and ATM withdrawals from your Savings Plus account. But, you will pay a fee and it will impact your reward interest. To keep bank fees and charges down, consider using a transaction account for your everyday banking.
If you have more than $1 million to invest, talk to us about other savings and investment options.