|Oct 2018||Oct 2019||Jun 2020||Jul 2020||Aug 2020||Sep 2020||Oct 2020|
|New interest bearing call savings account interest rates|
|Savings accounts: Incl. bonus1||2.09||1.42||0.75||0.58||0.51||0.48||0.41|
|Savings accounts: Excl. bonus1||0.32||0.18||0.09||0.08||0.08||0.08||0.08|
|Savings accounts: Unconditional1||0.90||0.53||0.28||0.21||0.20||0.18||0.18|
Average interest rate for new customer conditional and unconditional call savings accounts, advertised at the end of month by all registered banks with available offerings.
Published five working days after the end of the reference period.
Data is released on the Reserve Bank’s Statistics section.
The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the first working day of the month.
View the Statistics Release Calendar
Data is collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).
Read the Reserve Bank of New Zealand Act 1989.
The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.
Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website as a special note.
Any major changes in methodology are posted on the website as a special note.
A copy of the survey template and definitions is available.
Interest.co.nz publishes call savings account interest rates for a range of terms.
The interest rates recorded here are simple averages of new customer conditional and unconditional call savings accounts advertised by all registered banks with available offerings. Conditional accounts have specific terms as to when a bonus interest rate applies or when the bonus interest rate is “lost” or not applicable. Funds can be withdrawn at any time but the applicable interest rate depends on the account conditions. Unconditional accounts are standard accounts where interest is paid on call and funds can be withdrawn at any time with no impact on the advertised interest rate.
|0||Zero or value rounded to zero|
|light red background||Historical|