Our Community
Not for Profit
Banking
We back not-for-profits with a range of customised products and services.
Are you a local community group or sporting organisation?
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.
Interest Rates & Fees
| NBS Cheque Interest Rates - Not for Profit | |
|---|---|
| Interest paid on credit balances over $5,000 | 0.05% p.a. |
| Interest paid on credit balances over $50,000 | 0.50% p.a. |
|
Interest rates are subject to change. |
|
| NBS Call Rates | |
|---|---|
| Interest rate applies to Personal, Business, Rural and Not for Profit Call Accounts | |
| NBS CALL - All credit balances | 0.75% p.a. |
|
Interest rates are current from 10th May and subject to change. |
|
| NBS Target Rates | |
|---|---|
| NBS TARGET - All credit balances | 0.25% p.a. |
|
Interest rates are subject to change. |
|
| Term Investment Rates | |
|---|---|
| 30 days | 0.50% p.a. |
| 90 days | 1.20% p.a. |
| 6 months | 2.20% p.a. |
| 9 months | 2.40% p.a. |
| 12 months | 3.00% p.a. |
| 24 months | 3.40% p.a. |
| 36 months | 3.60% p.a. |
|
Interest rates are current from 16th May 2022 and subject to change at any time without notice. If you make an early withdrawal, we will reduce the returns on the withdrawn funds by 2.00%; however your returns will not go below 0.05% p.a. NBS is not a registered bank. |
|
Take advantage of
- No transactional account fees.
- Internet banking with dual signatory authorisation.
- Mobile EFTPOS machines.
- NBS Sponsorship, grants and donations.
- Use of community vehicles.
- NBS Marquees.
- NBS Merchandise.
Products available
Cheque Account
Take control of your day-to-day banking.
Cheque AccountCall Account
Interest-bearing and perfect for short-term savings goals.
Call AccountTarget Saver Account
An account that encourages you to save, with prizes to make it more fun!
Target Saver AccountTerm Investments
Maximise your savings with our term investment options.
Term Investments
Not for Profit Fees
There are NO transactions fees applied to NBS Not for Profit banking
If you wish to terminate your Term Investment before its maturity date or alter the terms of the Investment, NBS may, at its discretion charge an early withdrawal fee in the form of a 1.00% per annum reduction in the interest rate for the term of the term deposit.
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.
NBS Community Banking
We Believe. We Invest.
Figures correct as of 31st March 2021.