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 24 months special 6.49% $1,580.10 $568,837.73 Go to site
SBS Bank 24 months 7.09% $1,680.07 $604,826.24 Go to site
SBS Bank 36 months special 6.35% $1,557.14 $560,572.15 Go to site
SBS Bank 36 months 6.95% $1,656.52 $596,348.87 Go to site
SBS Bank 48 months special 6.19% $1,531.08 $551,188.84 Go to site
SBS Bank 48 months 6.79% $1,629.78 $586,719.43 Go to site
SBS Bank 60 months special 6.19% $1,531.08 $551,188.84 Go to site
SBS Bank 60 Months 6.79% $1,629.78 $586,719.43 Go to site
SBS Bank 6 months special 7.35% $1,724.15 $620,694.98 Go to site
SBS Bank 6 months 7.95% $1,827.53 $657,911.03 Go to site
SBS Bank Residential /First Home Floating Rate 8.74% $1,966.93 $708,095.06 Go to site
SBS Bank 12 months special 7.14% $1,688.51 $607,865.39 Go to site
SBS Bank 12 months 7.74% $1,791.09 $644,793.35 Go to site
SBS Bank 18 months special 6.89% $1,646.47 $592,730.40 Go to site
SBS Bank 18 months 7.49% $1,748.07 $629,305.57 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 6.15%

$1,000.00

$5,000,000.00

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36 months 5.3%

$1,000.00

$5,000,000.00

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12 months 6.05%

$1,000.00

$5,000,000.00

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18 months 5.95%

$1,000.00

$5,000,000.00

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24 months 5.6%

$1,000.00

$5,000,000.00

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6 months 6.1%

$1,000.00

$5,000,000.00

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3 months 4.2%

$1,000.00

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