This data tracks the interest rates offered by New Zealand banks on call savings accounts.
Previous years: | Monthly: | ||||||
---|---|---|---|---|---|---|---|
Dec 2020 | Dec 2021 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | |
New interest bearing call savings account interest rates | |||||||
Savings accounts: Incl. bonus1 | 0.36 | 0.53 | 2.16 | 2.38 | 2.59 | 2.80 | 3.45 |
Savings accounts: Excl. bonus1 | 0.08 | 0.13 | 0.59 | 0.74 | 0.81 | 0.94 | 1.28 |
Savings accounts: Unconditional1 | 0.17 | 0.32 | 1.22 | 1.34 | 1.54 | 1.74 | 2.15 |
Cash PIE | 0.23 | 0.35 | 1.66 | 1.75 | 2.05 | 2.13 | 2.84 |
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.
Monthly.
We publish data five working days after the end of the reference period.
We release data on our Statistics section.
The statistics release calendar provides a long-term plan of scheduled releases. We update and release the calendar on the first working day of the month.
View the statistics release calendar
We collect data under Section 36 of the Reserve Bank of New Zealand Act 1989 (the Act).
Read the Reserve Bank of New Zealand Act 1989
We publish only aggregated data. Individual institutional data is confidential.
We generally publish revisions when we update and release the next table. Should we need to make revisions more promptly, we will post a special note on the website.
We post any major changes in methodology on the website as a special note.
Download the survey template and definitions
Interest.co.nz publishes mortgage 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 Funds can be withdrawn at any time, but the applicable interest rate depends on the account conditions. Unconditional accounts are standard accounts where interest is paid on call and funds can be withdrawn at any time with no impact on the advertised interest rate.
Symbol or convention | Definition |
---|---|
0 | Zero or value rounded to zero |
- | Not applicable |
.. | Not available |
bold | Revised/new |
italics | Provisional |
Light grey background | Historical |
View our other Exchange and interest rate statistics series.