Our Community
We back not-for-profits with a range of customised products and services.
We offer everyday banking, savings and investment accounts.
At NBS, we're all about supporting the community and those who support us. That's why if you are a not-for-profit organisation, we back you with a range of customised products and services, making banking easy.
Take control of your day-to-day banking.
Cheque AccountInterest-bearing and perfect for short-term savings goals.
Call AccountAn account that encourages you to save, with prizes to make it more fun!
Target Saver AccountMaximise your savings with our term investment options.
Term InvestmentsNBS Cheque Interest Rates - Not for Profit | |
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Interest paid on credit balances over $5,000 | 0.10% p.a. |
Interest paid on credit balances over $50,000 | 1.25% p.a. |
Published rates effective 4 January 2023. Interest rates are subject to change. |
NBS Call Rates | |
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Interest rate applies to Personal, Business, Rural and Not for Profit Call Accounts | |
NBS CALL - All credit balances | 2.75% p.a. |
Published rate effective 1 August 2023. Interest rates are subject to change. |
NBS Target Rates | |
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NBS TARGET - All credit balances | 1.00% p.a. |
Published rate effective 1 August 2023. Interest rates are subject to change. |
Term Investment Rates | |
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30 days | 2.50% p.a. |
90 days | 4.20% p.a. |
6 months | 6.00% p.a. |
8 months | 6.00% p.a. |
9 months | 6.00% p.a. |
12 months | 6.10% p.a. |
24 months | 6.00% p.a. |
36 months | 5.80% p.a. |
Interest rates are current as at 2 November 2023 and subject to change at any time without notice. Please be aware that the rate of return offered by NBS is based on a specific term selected when an investment is made. NBS expects that the funds will be deposited for the nominated term. NBS is not obliged to accept a request for early withdrawal (in part or full) of a term investment. If we do decide to accept such a request, we may charge an early withdrawal fee. The early withdrawal fee is calculated as the amount withdrawn multiplied by 2% and prorated for the number of days invested. The early withdrawal fee will be deducted from the after-tax net interest earned. NBS is not a registered bank. |
Not for Profit Fees
There are NO transaction fees applied to NBS Not for Profit banking
If you wish to make an early withdrawal on your Term Investment, we may reduce the returns on the withdrawn funds by 2.00%; however your returns will not go below 0.05% p.a.
Terms and Conditions
To complete the account set up, you will need to provide evidence of your organisation's not-for-profit status (e.g. Companies Office registration, a tax exemption certificate). Term Investments have a minimum deposit of $5,000 and Target accounts have a minimum deposit of $100. NBS General Terms and Conditions apply. NBS’s current Product Disclosure Statement is available free of charge at any NBS branch. Service charges may apply.
Figures correct as of 31st March 2023.