Premier

At a glance

• Tiered interest rates apply. 
• Interest is calculated on the minimum monthly balance, on funds that are in your account for a full calendar month. Interest is paid annually on 31 March.  
• Access your money through EFTPOS, ATMs¹, online banking and the TSB app. 
• Use of New Zealand bank-owned ATMs¹ for free. 
• No account fee for balances $5,000 and over. A $10 fee will apply each month your balance falls below $5,000. 
• Minimum deposit of $5,000.² 
• Only available for personal use. 

Getting started

If you’d like to open a Premier account, simply send us a message, give us a call on 0800 872 226 or pop into your local branch.

How interest works on a Premier account 

Interest is calculated on the minimum monthly balance, which is the lowest balance of your account during a calendar month. As interest rates are tiered, different rates apply to the portion of your minimum monthly balance that is within each specified interest rate tier. Depending on what your minimum monthly balance is, more than one interest rate may apply and this may change from month to month.  

Interest is only earned on funds that are in your account for a full calendar month and meet any minimum balance requirements. For example, if you open or close a Premier account mid-month, you will not earn any interest for that month. If you withdraw funds from or deposit funds into a Premier account mid-month it will result in no interest being paid on those funds for that month, as those funds were not in your account for the full month.  

Important information

1. If you choose to use an ATM not owned by a bank in New Zealand, this may incur a service fee (in addition to any standard account transaction fee) for which TSB receives a commission.  
2.  TSB’s account opening criteria apply. Service fees may apply. Interest rates, tiers and fees are subject to change. More detail can be found here. 

 When you bank with TSB you agree to our General Terms.