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 5.15% $1,366.43 $491,915.03 Go to site
SBS Bank 36 months 5.75% $1,460.39 $525,740.79 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 5.45% $1,413.05 $508,698.51 Go to site
SBS Bank 6 months 6.05% $1,508.43 $543,034.50 Go to site
SBS Bank Residential /First Home Floating Rate 6.49% $1,580.10 $568,837.73 Go to site
SBS Bank 12 months special 4.95% $1,335.76 $480,873.39 Go to site
SBS Bank 12 months 5.55% $1,428.75 $514,350.87 Go to site
SBS Bank 18 months special 4.95% $1,335.76 $480,873.39 Go to site
SBS Bank 18 months 5.55% $1,428.75 $514,350.87 Go to site
SBS Bank 24 months special 4.95% $1,335.76 $480,873.39 Go to site
SBS Bank 24 months 5.55% $1,428.75 $514,350.87 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 4%

$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 4%

$1,000.00

$5,000,000.00

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18 months 4%

$1,000.00

$5,000,000.00

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24 months 4%

$1,000.00

$5,000,000.00

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6 months 4%

$1,000.00

$5,000,000.00

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3 months 3.55%

$1,000.00

$5,000,000.00

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