SBS i-save – the savings account that helps you stay on track.
i-Save account
0.40%
per annum
Interest calculated every day
and paid monthly.
Interest rates are subject to change.
Verify online with:
- your New Zealand/Australian Passport or New Zealand Driver Licence; and
- certified proof of your address (see approved forms of address).
Our i-save account is the simple way to save. You can pair it with your SBS Lite transactional account and have instant access to your money anytime, anywhere. You can transfer money in or out to your other SBS accounts, but it has a built-in temptation barrier in place for you with no withdrawals or card access. This account is for saving, not spending.
Features
- No monthly account fees.
- No minimum balances.
- Earn interest on every dollar.
- Interest is calculated daily and paid into your account monthly.
- Unlimited online transfers to and from your other SBS accounts.
- Statements are available online. There is a charge for printing and posting you a paper statement.
Built-in temptation controls
- Can’t be used for direct debits or ATM withdrawals.
- No EFTPOS card or Debit Mastercard access.
See our fees and charges for more information. Interest rates are subject to change.
Product features.
| Feature | SBS i-save |
| Monthly fee | None |
| Interest calculation | Daily |
| Interest credited to your account | Monthly |
| Fee for electronic withdrawal (Direct debit payments are not permitted on savings accounts) | Free |
| Fee for an over-the-counter withdrawal or transfer at an SBS Branch | Free |
| Can use with Internet Banking and the SBS Mobile app | Yes* |
| Can use with an EFTPOS card | No |
| Can use with an SBS Debit Mastercard | No |
| Duplicate or additional statements | $2.50 |
*You can make withdrawals yourself from your i-Save account when using Internet Banking or the SBS Mobile app.
Important information for the SBS i-save accounts.
- Interest rates are subject to change.
- Account opening and eligibility criteria, fees and charges, and terms and conditions apply.