SBS CREDIT RATING AND KEY FACTS FOR INVESTORS     

SBS is not a finance company; we’re New Zealand’s largest building society. We don’t lend at the low-quality high-risk end of the market. Members can rest easy, too, in the knowledge SBS is a well-run, prudently-managed organisation, as evidenced by our consistent history of solid results. This is further reinforced by independent credit rating agency Fitch Ratings

Key facts for Investors

• SBS is not a finance company.
• SBS is a mutual building society which has been trading successfully for 139 years.
• 96% of SBS’ loans are secured by real estate in New Zealand.
• SBS has over $2.4 billion of assets and over $155 million of reserves.
• SBS has $450 million in committed cash liquidity lines.
• SBS has an investment grade credit rating from Fitch Ratings which meets the standard required for a banking licence.
• Fitch Ratings is one of only three rating agencies recognised by the Reserve Bank of New Zealand.
• SBS does not pay commission to advisers as an incentive to place investments with SBS.
  

For further information on SBS’ credit rating or investment rates please phone 0800 502 442 or contact us now.

About Fitch Ratings
Fitch Ratings Press Release

View SBS Profile on Fitch Ratings Website

Savings and Investment Products

With over 138 years experience offering financial services you can rest assured that any investment with SBS is in good hands. We can work with you to find the right savings or investment plan for your circumstances, helping you on your path to financial independence.

Term Investments

Term Investments are a great way to invest over a set period of time. Because you are locked into the agreed interest rate for the set period it doesn't matter what interest rates are doing, you are guaranteed that return. SBS interest rates are always competitive. Check out our special offers for some great rates.

Find out about Best Rate Rollover for your term investments.

I-save

SBS new on-call account is called i-save and it is designed to help you save and earn great interest.  There are no fees or charges and no minimum account balance all you have to do is deposit your money and watch it grow.  With a competitive interest rate calculated daily and paid monthly, this account also offers no fixed terms, telephone and Internet access 24/7 and unlimited number of transactions.

Incentive Saver

SBS Incentive Saver is designed to help you get to where you want to go with your financial goals. With no minimum opening balance required, you can open an Incentive Saver today and take the first step. You'll receive bonus quarterly interest if you make at least one deposit each month and no withdrawals during the quarter. See below for the current Incentive saver rates.

Kids Incentive Saver Trial

Teaching children the value of saving is important to us. So important, we're developing a fabulous new product designed especially to make saving a fun and educational exercise for you and your child.

We are currently trialing this product in two schools in the Canterbury region and once completed we'll make this product available for all SBS members and their children. Keep an eye out in the next SBS Today newsletter for an update.

Click here to go the the Kids Incentive Saver trial page.

Call Accounts

With an SBS Call Account you can access your savings and still earn competitive interest rates. With tiered interest rates, we reward you for investing with us because the greater your account balance, the higher the interest rate. Interest is calculated daily and credited quarterly. See the table below for the current tiered Interest Rates.

Contact us now!