SBS Bank announces the following changes:

Funding changes

The following Call and Savings interest rate changes are effective from 31 August 2020:

Incentive Saver

The Bonus Rate has changed from 0.60% p.a. to 0.45% p.a.

Call accounts

The following rates for Prospector Call, Treasury Call (Share) and Star Call accounts have changed:

Tier Old rate New rate

$1-$49,999 0.05% 0.05%

$50,000-$99,999 0.05% 0.05%

$100,000+ 0.25% 0.15%

Loan Terms and Conditions changes – Welcome Home Loan

We are making changes to our Loan Terms and Conditions (dated 27 January 2016). ‘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. SBS Bank (Southland Building Society).