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0800 727 2265

 

For more information on any of these notices please phone our helpful Contact Centre team on 0800 727 2265 or email info@sbsbank.co.nz.

 

Kiwidream Account Changes - 23 February 2022


Changes to Kiwidream Quarterly Prize Draw

From 1 July 2022, SBS Bank will no longer offer the Kiwidream Saver quarterly prize draw. Any outstanding vouchers that have not expired can be redeemed upon drawdown of your first home loan with SBS Bank. We’ve updated our Kiwidream Terms and Conditions to reflect this change. Our updated terms and conditions are available in any SBS Bank Branch or on our website here.
 

Changes to Kiwidream Monthly Flat Fee

From 1 March 2022 we’ll no longer charge the monthly flat fee of $5.00 on the Kiwidream everyday account. We have updated our Account Charges to reflect this change. These are available in any SBS Bank branch and on our website here.

 

 

Changes to Call and Savings Interest Rates - 23 December 2021

Effective from 22 December 2021


The i-bank Call bonus interest rate is changing as below.

PRODUCT

CURRENT BONUS RATE P.A

NEW BONUS RATE P.A

i-bank Call

 0.05% 0.20%

The Treasury Call (Share), Treasury Call (Deposit) and Prospector Call accounts' floating rates are changing as below:

Tier

CURRENT FLOATING RATE P.A

NEW FLOATING RATE P.A

$1 - $49,999

 0.10% 0.20%

$50,000 - $99,999

 0.10% 0.20%

$100,000+

 0.20% 0.30%

Interest rates are subject to change.

 

 

Changes to Credit Fees and Charges - 18 November 2021

Effective from 1 December 2021


The following fees and charges will no longer apply:

  • Booked Fixed Rate Fee
  • Debt Management Fee
  • Default Fee
  • Urgent Discharge Fee
  • Interest Rate Fix Fee
  • LMI Premium
  • Low Equity Premium


The following fees and charges will be reduced as below.

Category

CURRENT FEE

   NEW FEE   

Administration Fee

 $50.00 $45.00

Consent Fee

 $100.00 $65.00
Discharge Fee

$100.00

 $40.00
Request Disclosure Fee

$40.00/hour

 $40.00
Early Repayment Administration Fee

$100.00

 $45.00
Loan Restructure Fee

$200.00

 $100.00

A copy of the new Credit Fees and Charges is available here.

 

 

Changes to Call and Savings Interest Rates - 5 November 2021

Effective from 6 November 2021


The following Call interest rates are changing as below.

PRODUCT

CURRENT RATE P.A

   NEW RATE P.A   

i-bank Call Deposit Investment

 0.00% 0.05%

Trustees Deposits

 0.00% 0.05%
Kiwidream Saver Flat Rate

0.00%

 0.05%

Interest rates are subject to change.

 

 

Changes to Call and Savings Interest Rates - 1 November 2021

Effective from 23 October 2021


The following Call and Savings interest rates are changing as below.

PRODUCT

CURRENT RATE P.A

NEW RATE P.A

i-save

 0.05% 0.10%

The following rates apply to the Prospector Call and Treasury Call accounts.

TIER

CURRENT VARIABLE INTEREST RATE P.A

NEW VARIABLE INTEREST RATE P.A

$0 - $99,999

 0.05% 0.10%

$100,000+

 0.15% 0.20%

Interest rates are subject to change.

 

 

Changes to Floating Home Loan Rates - 15 October 2021

Effective from 16 November 2021 for existing, 16 October 2021 for new.


Our floating home loan interest rates are increasing as below.

PRODUCT

CURRENT FLOATING INTEREST RATE P.A

NEW FLOATING INTEREST RATE P.A

Residential Term Loans

 4.54% 4.79%

Residential Investing Term Loans

 5.04% 5.29%

Residential Flexi Loans

 4.54% 4.79%

Residential Investing Flexi Loans

 5.04% 5.29%

Interest rates are subject to change.

 

 

Changes to Call and Savings Interest Rates

Effective from 31 August 2020


The following Call and Savings interest rates are changing as below.

PRODUCT

CURRENT BONUS RATE P.A 

NEW BONUS RATE P.A

Incentive Saver

 0.60% 0.45%

The following rates apply to the Prospector Call, Treasury Call (Share) and Star Call accounts.

Tier

CURRENT VARIABLE INTEREST RATE P.A

NEW VARIABLE INTEREST RATE P.A

$1 - $49,999

 0.05% 0.05%

$50,000 - $99,999

 0.05% 0.05%

$100,000+

 0.25% 0.15%

Interest rates are subject to change.

 

 

Loan Terms and Conditions Changes - Welcome Home Loan

Effective from 15 September 2020


We are making changes to our Loan Terms and Conditions (dated 27 January 2016) as follows:
 

  • ‘Welcome Home Loan’ has been replaced with ‘First Home Loan’ to reflect the name change of the product by Kāinga Ora.
  • All Welcome Home Loans will be referred to as First Home Loans from 15 September 2020.


Interest rates are subject to change.