Achiever Savings

Earn bonus interest if you make no more than one withdrawal a month

  • Good for irregular or lump-sum saving
  • Higher base interest on larger balances
  • No charge for the first withdrawal each month1 (service fees apply)

More detail

Tiered interest encourages you to keep saving

With Achiever Savings, you earn interest calculated on the balance of your account. There are three tiers: $0 to $999, $1,000 to $4,999 and $5000+. Interest is calculated daily and paid monthly to maximise the compounding effect of your interest payments.

Bonus interest to boost your savings

You'll get bonus interest if no more than one withdrawal is made per month1. There is no requirement to add to your balance each month. This means Achiever Savings is ideal if you make irregular or lump-sum contributions to your savings.

Designed to help you save

With no monthly base fee and no fees for deposits or your first withdrawal each month you'll save more. Service fees may apply and there are fees for more than one withdrawal each month - an incentive to keep you on track and avoid spending some of your hard-earned savings.

Your money is always available

The money in your Achiever Savings account is 'on call' 24 hours a day, seven days a week through ATMs, EFTPOS, bank tellers, internet banking or telephone banking.

 Rates and fees
Interest rates
Credit Interest Rates
Current % p.a
(Effective 28 March 2011)

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($0 - $999)

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($1,000 - $4,999)

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($5,000+)
Fees
Monthly2 base or account management fee None
No Account Fees apply to the following: No charges for deposits3 or the first withdrawal per month Service Fees may apply
BNZ Internet Banking* $2.50. Service Fees may apply
Electronic Transactions:
(EFTPOS, Bill Payments, Direct Debits, Telephone Banking*, self service transactions)
$2.50. Service Fees may apply
Automatic Payments4 $2.50. Service Fees may apply
ATM* $2.50. Service Fees may apply
Cheques written Not applicable.
Freepost Deposits No charge3
Store/staff assisted transactions $2.50. Service Fees may apply
Express Deposit Tower deposits No charge3
Overdraft facility fees and unarranged overdraft fees
Unarranged overdraft fee $10.00 for any month overdrawn. (Payable monthly in arrears on overdrawn balances greater than $20) You will also pay interest on the overdrawn amount at the Bank's Base Lending Rate plus 10% p.a. Minimum charge of $1.00.
Overdraft establishment fee Not applicable to these accounts
Overdraft facility fee Not applicable to these accounts

Next steps

Apply online nowFind a store 0800 275 269

Small print

  1. A month refers to the period from the last business day of the previous month to the second to last business day of the current calendar month.
  2. Fees are charged on the last business day of each calendar month and are based on the period between the last business day of the previous calendar month and the second to last business day of the current month, inclusive.
  3. Fees for Telegraphic Transfers will apply.
  4. Automatic Payments into your account from other parties are classed as Electronic Transactions.

* Although the Telephone and Internet Banking and ATM services will normally be available 24 hours a day, maintenance of the system is required from time to time. Accordingly certain options may not be available for an average of three hours a week. This maintenance, however will be carried out at times which will cause the least disruption to you.

Account opening criteria apply. Full details, terms and conditions and disclosure statement may also be obtained free of charge from a BNZ store.