As at 1 May 2023

Everyday accounts

Account balance Current rate
Account balance $0+ Current rate 0.00% p.a.
Account balance Current rate
Account balance $0-$499 Current rate 0.00% p.a.
Account balance $500-$9,999 Current rate 0.00% p.a.
Account balance $10,000 and over Current rate 0.05% p.a.

Interest is calculated on minimum monthly balance and paid annually (31 March).

Account balance Current rate
Account balance $0+ Current rate 4.20% p.a.

Interest is calculated on the minimum balance of the account during each calendar month and paid quarterly on the last business day of March, June, September and December. 

Account balance Current rate
Account balance $0+ Current rate 0.00% p.a.

Savings accounts

Account balance Current rate
Account balance $0+ Current rate 4.20% p.a.

Interest is calculated daily and paid monthly on the last business day of each month.

Account balance Current rate
Account balance $0+ Current rate 4.20% p.a.
Account balance Current rate

Interest is calculated each day and paid monthly on the last business day of each month.

Investment accounts

Current rate Account balance
Current rate 3.00% p.a. Account balance on the portion of the balance up to $19,999
Current rate 4.25% p.a. Account balance on the portion of the balance from $20,000 to $34,999
Current rate 4.35% p.a. Account balance on the portion of the balance from $35,000 to $49,999
Current rate 4.50% p.a. Account balance on the portion of the balance from $50,000 to $99,999
Current rate 4.60% p.a. Account balance on the portion of the balance over $100,000

Interest is calculated on minimum monthly balance and paid annually (31 March).

Business accounts

Account balance Current rate
Account balance $0+ Current rate 0.00% p.a.
Account balance Current rate
Account balance $0+ Current rate 0.00% p.a.
Account balance Current rate
Account balance Under $5,000 Current rate 3.10% p.a.
Account balance $5,000 - $99,999 Current rate 3.10% p.a.
Account balance $100,000 - $999,999 Current rate 3.15% p.a.
Account balance $1,000,000 and over Current rate 3.15% p.a.

Interest is calculated daily and paid monthly on the last business day of each month.

Business Club / Society Cheque Current rate
Business Club / Society Cheque $0+ Current rate 0.00 p.a.

This transactional account is for non-profit organisations, schools, clubs, and social committees. 

Unauthorised Overdraft

Unauthorised overdraft Current rate
Unauthorised overdraft If your account is overdrawn, we will charge interest daily on the unauthorised overdraft amount. Current rate 22.00% p.a.

Home loan rates

Term Investment rates

Don't forget to read this bit

 All interest rates are subject to change. When you bank with TSB you agree to our General Terms.