| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| Feb 2023 | Feb 2024 | Oct 2024 | Nov 2024 | Dec 2024 | Jan 2025 | Feb 2025 | |
| New interest bearing call savings account interest rates | |||||||
| Savings accounts: Incl. bonus1 | 3.58 | 4.57 | 4.06 | 3.73 | 3.41 | 3.38 | 3.07 |
| Savings accounts: Excl. bonus1 | 1.31 | 1.82 | 1.47 | 1.36 | 1.14 | 1.14 | 0.95 |
| Savings accounts: Unconditional1 | 2.33 | 3.10 | 2.67 | 2.56 | 2.33 | 2.29 | 2.04 |
| Cash PIE | 2.86 | 3.85 | 3.13 | 3.05 | 2.65 | 2.65 | 2.25 |
The data: coverage, periodicity and timeliness
Coverage characteristics
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.
Periodicity
Monthly.
Timeliness
We publish data five working days after the end of the reference period.
Access by the public
Data release
We release data on our Statistics section.
Statistics release calendar
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
Integrity
Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses
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.
Provision of information about revisions and advance notice of major changes in methodology
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.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics
Download the survey template and definitions
Dissemination of statistics that support statistical cross-check and provide assurance of reasonableness
Interest.co.nz publishes mortgage interest rates for a range of terms.
New customer call savings account average interest rates
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.
Symbols and conventions for summary table
| Symbol or convention | Definition |
|---|---|
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| Light grey background | Historical |
General notes
- Individual figures may not sum to the totals due to rounding
- Percentage changes are calculated on unrounded numbers
- You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.