At a glance

  • Easy to use, fully accessible account
  • Use of New Zealand bank-owned ATMs2 for free
  • Competitive return with a tiered interest rate
  • Chance to win $25,000 every month1 - for every $1,000 in your account at the time of the draw, you’ll automatically get one chance to win
  • No monthly fee for balances $5,000 and over
  • Interest calculated on your minimum monthly balance and paid annually on 31 March 
  • Some opening criteria may apply3

View fees

 

 

 

 

Getting started
  • Don’t forget to read this bit

    1. See full Terms and Conditions of the TSB Monthly Cash Draw.

    2. 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. 

    3. Opening criteria for this account is a deposit of $350, but it’s free if you’re already with us or have your salary directly credited.

    Take a look at our Disclosure Statement or grab a copy from your local branch. Use of our accounts and services are subject to TSB’s General Banking Information

    Interest rates are tiered and can change without notice. Depending on the portion of funds within each tier, your interest rates will differ.
    If you are opening/closing or withdrawing/depositing funds into an account mid-month it can result in no interest being paid for that month on those funds.