NZ Deposit Guarantee Scheme Seal of Approval
   Special Purpose savings account  
 

This is a medium term savings account, ideally suitable for:

  • Home Savings
    Ideal for your first home deposit.  With regular deposits your savings will soon meet the criteria that qualifies for a "no establishment fee" CBS Canterbury Home Loan.
  • Education
    By starting early, an education account can be of great assistance when it comes to meeting those later costs of uniforms, text books and tertiary fees.  A must account for today's family.
  • Overseas Trip
    Whether it's the big O.E. (overseas experience) or just a relaxing holiday, planning ahead will give you the luxury of being able to do everything you want while away.
  • Christmas Club
    Getting a cheque in the mail just before Christmas is everyone's dream.  It can happen for you with a Christmas Club account that means you don't have to compromise for friends and family.

Conditions

The Special Purpose Account allows you:

  • One free withdrawal per month
  • One free automatic payment withdrawal per month
  • Additional withdrawals at $5.00 each

See our current Special Purpose Interest Rate (including bonus rate criteria).

Disclaimer

CBS Canterbury is a Building Society and not a registered Bank.