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 6 months special 4.85% $1,320.55 $475,397.57 Go to site
SBS Bank 6 months 5.45% $1,413.05 $508,698.51 Go to site
SBS Bank Residential /First Home Floating Rate 6.34% $1,555.51 $559,983.71 Go to site
SBS Bank 12 months special 5.19% $1,372.60 $494,137.61 Go to site
SBS Bank 12 months 5.79% $1,466.76 $528,032.25 Go to site
SBS Bank 18 months special 5.29% $1,388.10 $499,714.65 Go to site
SBS Bank 18 months 5.89% $1,482.72 $533,780.35 Go to site
SBS Bank 24 months special 5.29% $1,388.10 $499,714.65 Go to site
SBS Bank 24 months 5.89% $1,482.72 $533,780.35 Go to site
SBS Bank 36 months special 5.59% $1,435.06 $516,619.81 Go to site
SBS Bank 36 months 6.19% $1,531.08 $551,188.84 Go to site
SBS Bank 48 months special 5.65% $1,444.53 $520,031.72 Go to site
SBS Bank 48 months 6.25% $1,540.83 $554,699.63 Go to site
SBS Bank 60 months special 5.75% $1,460.39 $525,740.79 Go to site
SBS Bank 60 Months 6.35% $1,557.14 $560,572.15 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 3.7%

$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 4.05%

$1,000.00

$5,000,000.00

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18 months 4.2%

$1,000.00

$5,000,000.00

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24 months 4.35%

$1,000.00

$5,000,000.00

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6 months 3.55%

$1,000.00

$5,000,000.00

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3 months 3%

$1,000.00

$5,000,000.00

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