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Interest Rates

Current from 3/02/2012

Home Loans
Floating Residential Rate 5.95% p.a.
Fixed 6 Month Residential Rate 6.15% p.a.
Fixed 1 Year Residential Rate 6.25% p.a.
Fixed 2 Years Residential Rate 6.50% p.a.
Fixed 3 Years Residential Rate 7.10% p.a.
Fixed 5 Year Residential Rate 7.80% p.a.
Everyday Gold Floating Rate 5.95% p.a.
Establishment Fee - Click here
Loan Calculator - Click here

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CBS Fixed Rate and CBS Heart of Gold Term Deposits
Minimum deposit $1,000, Maximum deposit $500,000

Heart of Gold Term Deposit account is only available for terms 6 to 36 months
Term Under $20,000 $20,000 & over Interest Paid
1 to 2 Months 4.15% p.a. 4.25% p.a. On Maturity
3 Months 4.50% p.a. 4.50% p.a. On Maturity
4 to 5 Months 4.20% p.a. 4.30% p.a. On Maturity
6 Months 4.65% p.a. 4.75% p.a. Three Monthly
9 Months 4.90% p.a. 5.00% p.a. Three Monthly
12 Months 5.25% p.a. 5.25% p.a. Three Monthly
18 Months 5.25% p.a. 5.35% p.a. Three Monthly
24 Months 5.55% p.a. 5.65% p.a. Three Monthly
36 Months 5.85% p.a. 5.95% p.a. Three Monthly
48 to 60 Months 6.15% p.a. 6.25% p.a. Three Monthly

Negotiated rates may be available for amounts over $250,000
Other Interest frequencies are available but may affect the interest rate payable

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CBS Top Rate Term Deposit - (Interest credited 3 monthly)
Minimum deposit $1,000, Maximum deposit $500,000, Additional deposits from $1,000 min to $250,000 max

Under $20,000 $20,000 & over
12 Months 5.25% p.a. Reviewable 5.25% p.a. Reviewable
24 Months 5.55% p.a. Reviewable 5.65% p.a. Reviewable
36 Months 5.85% p.a. Reviewable 5.95% p.a. Reviewable

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CBS Monthly Income Term Deposit - (Interest credited monthly)
Minimum deposit $5,000, Maximum deposit $500,000

Under $20,000 $20,000 & over
12 Months 5.00% p.a. 5.00% p.a.
24 Months 5.30% p.a. 5.40% p.a.
36 Months 5.60% p.a. 5.70% p.a.
CBS Everyday Ultimate - (Interest calculated daily and credited quarterly)
$250,000 Plus 3.25% p.a.
$100,000 to $249,999 3.20% p.a.
$50,000 to $99,999 3.00% p.a.
$10,000 to $49,999 2.50% p.a.
$2,000 to $9,999 1.50% p.a.
$1 to $1,999 0.50% p.a.
Available with Cheque, Cashcard, Internet and Telephone Banking facilities

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CBS Kids' Cash - (Interest calculated daily and credited annually)
Interest 3.50% p.a.

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CBS Everyday@Max - (Interest calculated daily and credited annually)
Interest 3.50% p.a.

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CBS Optimum Club Account - (Interest calculated daily and credited quarterly)
$5,000 Plus 4.00% p.a.
$1 to $4,999 3.50% p.a.

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CBS Special Purpose Account - (Interest calculated daily and credited quarterly)
Base 2.00% p.a.
Bonus** (See below) 1.00% p.a.
Total Interest 3.00% p.a.

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CBS Living Style Savings Plan - (Interest calculated daily and credited quarterly)
Interest for the quarter ending 31/03/2012
Base 3.60% p.a.
Bonus** (See below) 0.90% p.a.
Total Interest 4.50% p.a.

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** Bonus interest is earned for each month that the above account meets either of the following criteria:
-The account balance is maintained above $5,000 during the month, OR
-A deposit or deposits equivalent to $40.00 are made during the month.

All interest rates are subject to change without notice.

All rates are quoted on a per annum basis.

All CBS accounts are opened with Heartland Building Society. CBS term deposits are issued by Heartland Building Society, which comprises the former businesses of CBS Canterbury, MARAC, Southern Cross Building Society and PGG Wrightson Finance.

Heartland Building Society has a BBB- (Outlook Stable) credit rating from Standard & Poor’s.  See our Investment Statement or click here for more details about the credit rating.
Our Investment Statement can be obtained by calling us on 0800 227 227 or by clicking here.