New interest-bearing call savings account interest rates (B25)
This data tracks the interest rates offered by New Zealand banks on call savings accounts.
|Aug 2020||Aug 2021||Apr 2022||May 2022||Jun 2022||Jul 2022||Aug 2022|
|New interest bearing call savings account interest rates|
|Savings accounts: Incl. bonus1||0.51||0.33||0.86||1.05||1.30||1.64||2.16|
|Savings accounts: Excl. bonus1||0.08||0.08||0.26||0.38||0.48||0.67||0.59|
|Savings accounts: Unconditional1||0.20||0.19||0.51||0.55||0.65||0.80||1.22|
The data: coverage, periodicity and timeliness
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.
We publish data five working days after the end of the reference period.
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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 Funds can be withdrawn at any time, but the applicable interest rate depends on the account conditions. Unconditional accounts are standard accounts where interest is paid on call and funds can be withdrawn at any time with no impact on the advertised interest rate.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|
|Light grey background||Historical|
- Individual figures may not sum to the totals due to rounding
- Percentage changes are calculated on unrounded numbers
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