ASB Bank offers a range of savings accounts and term deposits with competitive interest rates.
Whether you’re saving for a short-term goal, like a new car or holiday, or for the long term, like retirement, ASB Bank has a savings option to suit you.
What are ASB Bank’s interest rates on savings accounts?
ASB Bank’s interest rates on savings accounts vary depending on the type of account and your balance.
For example, the Savings Plus account offers a base interest rate of 2.55% p.a. and a full reward interest rate of 5.00% p.a. on balances up to and including $2,000,000.
To earn the full reward interest rate, you need to make at least one deposit and one withdrawal from your account each month. If you don’t meet these requirements, you’ll earn the base interest rate only.
ASB Bank also offers a Savings On Call account, which has a simple interest rate of 2.90% p.a. on all balances. This account is a good option if you need easy access to your savings.
What are ASB Bank’s interest rates on term deposits?
ASB Bank offers term deposits with a range of interest rates and terms to suit your needs. You can choose a term from 30 days to five years, and interest rates range from 2.90% p.a. to 4.60% p.a.
The longer the term of your deposit, the higher the interest rate you’ll earn. For example, a one-year term deposit has an interest rate of 3.60% p.a., while a five-year term deposit has an interest rate of 4.60% p.a.
How do I open a savings account or term deposit with ASB Bank?
You can open a savings account or term deposit with ASB Bank online, over the phone, or in branch.
To open an account online, simply visit the ASB Bank website and click on the “Open an account” button.
To open an account over the phone, call ASB Bank on 0800 327 863. To open an account in branch, visit your nearest ASB Bank branch.
Conclusion
ASB Bank offers a range of savings accounts and term deposits with competitive interest rates. Whether you’re saving for a short-term or long-term goal, ASB Bank has a savings option to suit your needs.