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New Zealand Deposit Guarantee Scheme

HBS has a guarantee under the New Zealand deposit guarantee scheme.

Further information about the deposit guarantee scheme is available on the Treasury website here.

Savings Interest Rates

Interest rates for our Instant Access accounts are effective from 6 January 2010.

Rates are subject to change without notice.

Interest is calculated on the daily balance and compounded 31 March and 30 September.
The interest rates specified apply to the whole account balance.

Instant Access Account:

Most other organisations reward only Term Investments with high rates but OUR Savings Accounts earn top interest rates too. The majority of funds held at HBS are on-call. Why? Because we know that if we pay excellent rates for on-call money both parties win. So when your nest egg is placed on-call with HBS you will not only receive an excellent rate, but your wages or superannuation will immediately start earning the top rate also.

With instant access accounts you have day-to-day control of your money while enjoying excellent rates.

Bill Payment Services

We are pleased to announce that HBS now offers bill payment services, which means that your bills can be paid from your savings account by either phoning through your bill, quoting the necessary security and bill payment details, etc; or you can hand your bills in over the counter. These payments are able to be loaded to pay on a future date and are subject to sufficient funds being available in your account.

• Bill payments can never be lost in the mail
• Bill payments can be made to any bank account within New Zealand and you have the ability to have a reference accompany your payment
• Bill payments are able to be loaded to pay at a future date
• There is a small fee per payment request of 50 cents, which is the same cost as a postage stamp.

Fees as at 1 July 2009

HBS Building Society will charge fees for the following services:

• Stop cheque fee
• Cheques drawn for more than $5000.00 to be cashed at a trading bank
• Cheque withdrawal fee
• Inactive account fee - if an account has a balance less than $200.00 and has no transactions for 18 months, a letter will be sent giving one month's notice of a fee. If the account is not then closed or transacted on, that fee will be followed by a monthly fee until the account reaches a zero balance.
• Transaction fee - savings accounts with an average balance in one month of $500.00 or less and multiple withdrawals may attract a fee.
• Bill payment fee
• High activity fee - if HBS Building Society believes an account holder is over-using the fee-free/low fee status (for example by regularly depositing or withdrawing multiple cheques or requesting extra transaction details), HBS Building Society reserves the right to introduce a high activity fee on those accounts.

The level of fees chargeable by HBS Building Society may be varied from time to time at the discretion of HBS Building Society without notice. Further information as to the fees and the level of the fees are available from any HBS Building Society branch.