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 5.69% $1,450.87 $522,311.98 Go to site
SBS Bank 36 months 6.29% $1,547.35 $557,045.46 Go to site
SBS Bank 48 months special 5.69% $1,450.87 $522,311.98 Go to site
SBS Bank 48 months 6.29% $1,547.35 $557,045.46 Go to site
SBS Bank 60 months special 5.69% $1,450.87 $522,311.98 Go to site
SBS Bank 60 Months 6.29% $1,547.35 $557,045.46 Go to site
SBS Bank 6 months special 6.24% $1,539.21 $554,113.83 Go to site
SBS Bank 6 months 6.84% $1,638.12 $589,721.80 Go to site
SBS Bank Residential /First Home Floating Rate 7.49% $1,748.07 $629,305.57 Go to site
SBS Bank 12 months special 5.89% $1,482.72 $533,780.35 Go to site
SBS Bank 12 months 6.49% $1,580.10 $568,837.73 Go to site
SBS Bank 18 months special 5.59% $1,435.06 $516,619.81 Go to site
SBS Bank 18 months 6.19% $1,531.08 $551,188.84 Go to site
SBS Bank 24 months special 5.49% $1,419.32 $510,956.02 Go to site
SBS Bank 24 months 6.09% $1,514.89 $545,358.92 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 5%

$1,000.00

$5,000,000.00

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36 months 4.5%

$1,000.00

$5,000,000.00

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12 months 4.8%

$1,000.00

$5,000,000.00

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18 months 4.5%

$1,000.00

$5,000,000.00

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24 months 4.5%

$1,000.00

$5,000,000.00

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6 months 5.1%

$1,000.00

$5,000,000.00

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3 months 4.15%

$1,000.00

$5,000,000.00

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