Account opening and lending criteria, terms and fees apply. BNZ standard terms and conditions apply to all BNZ transaction and savings accounts. Details of our fees can be found in our Fees Guide. Rates and fees are subject to change.
Interest and fees are calculated each day in a bank month. These amounts are then processed the day after the bank month ends.
The Rapid Save rate is only available for:
– personal customers with less than $5,000,000 of total deposits held with BNZ
– businesses and trusts with less than $2,000,000 of total deposits held with BNZ.
For amounts over the maximum value, visit us in branch or call 0800 275 269 to see how we can help.
A “bank month” is different to a calendar month. Each one ends on the second to last business day of a calendar month, and the next bank month starts the following calendar day.
Within each bank month the first withdrawal is free, and a $3 withdrawal fee applies to each withdrawal after that. A withdrawal includes transferring your money from your Rapid Save account to one of your other BNZ accounts. It does not include transferring money to a BNZ term deposit. If you ask us to change your account to a Rapid Save, this fee also applies to withdrawals on the day of switching, and any non-business days prior.
The unarranged overdraft fee only applies when you don’t have an arranged overdraft in place and is payable monthly in arrears for overdrawn balances greater than $20.
The unarranged overdraft fee will not be applied if your account is no longer overdrawn by 11.45pm the following day. If you miss this window, the fee will be debited to your account on the day after the bank month ends. A "bank month" ends on the second to last business day of a calendar month, with the next one starting the following calendar day.
If your account has an unarranged overdraft, interest at the Bank’s personal overdraft base rate plus 10% p.a. also applies to the debit balance, calculated daily and debited monthly. Unarranged overdraft fee may apply.
Early withdrawals are subject to approval and deductions may apply to the interest payable.
Term Deposits rates are available only for the first $5,000,000 of total deposits you hold with BNZ. Term PIE rates are available only for the first $10,000,000 of total deposits you hold with BNZ.