SBS Bank

Founded in 1869 by James Walker Bain, Southland Building Society (SBS) aimed to provide the people of the south with a secure place for their savings and an opportunity for homeownership. Today, SBS stands as a mutual bank, owned by its members, committed to serving New Zealanders’ financial well-being. As a member-owned bank, 100% of SBS profits stay within New Zealand, contributing directly to the local economy and communities.

Canstar 2022 Bank of the Year - First Home Buyer

Products on offer


Product Rate (p.a.) Monthly Payment Total Payment Amount
SBS Bank 36 months special 4.99% $1,341.87 $483,072.16 Go to site
SBS Bank 36 months 5.59% $1,435.06 $516,619.81 Go to site
SBS Bank 48 months special 5.39% $1,403.67 $505,320.87 Go to site
SBS Bank 48 months 5.99% $1,498.77 $539,556.00 Go to site
SBS Bank 60 months special 5.39% $1,403.67 $505,320.87 Go to site
SBS Bank 60 Months 5.99% $1,498.77 $539,556.00 Go to site
SBS Bank 6 months special 5.09% $1,357.19 $488,590.03 Go to site
SBS Bank 6 months 5.69% $1,450.87 $522,311.98 Go to site
SBS Bank Residential /First Home Floating Rate 6.29% $1,547.35 $557,045.46 Go to site
SBS Bank 12 months special 4.75% $1,305.42 $469,952.09 Go to site
SBS Bank 12 months 5.35% $1,397.43 $503,074.90 Go to site
SBS Bank 18 months special 4.75% $1,305.42 $469,952.09 Go to site
SBS Bank 18 months 5.35% $1,397.43 $503,074.90 Go to site
SBS Bank 24 months special 4.75% $1,305.42 $469,952.09 Go to site
SBS Bank 24 months 5.35% $1,397.43 $503,074.90 Go to site

Product Int. Rate Purchases (p.a.) Balance Transfer Annual Account Fee Interest Free Days
SBS Visa Credit Card 19.65% $0 Up to 55 days Go to site

Product Rate (p.a.) Minimum Deposit Maximum Deposit
9 months 3.75%

$1,000.00

$5,000,000.00

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36 months 4%

$1,000.00

$5,000,000.00

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12 months 3.85%

$1,000.00

$5,000,000.00

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18 months 3.85%

$1,000.00

$5,000,000.00

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24 months 3.85%

$1,000.00

$5,000,000.00

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6 months 3.8%

$1,000.00

$5,000,000.00

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3 months 3.4%

$1,000.00

$5,000,000.00

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