National Bank Select
The current account that offers you more
OverviewRates & FeesDetailsOpen an account
National Bank Select combines the convenience of an everyday account, with the added benefit of earning a competitive rate of interest.
- You have 24 hours a day, 7 days a week access to your account, including ATMs, EFTPOS, Mobile Phone Banking, Online Banking, Touchtone Phone Banking, automatic payments, direct debits and cheques
- So long as your average daily balance is $5,000 or more, you will earn competitive interest rates on every dollar in your account
- Higher balances earn higher interest rates
- Interest is calculated daily and paid monthly
- You pay no account or transaction fees if your average daily balance for the month is $5,000 or more. If your balance falls below the threshold you'll pay a $15 flat fee.
- As it may take time to organise your investments or transfer funds, if you open an account with a balance lower than $5,000 we will waive the fee for the first month. This fee waiver only applies to the first calendar month in which you open the account. It does not apply to product transfers on existing National Bank accounts.
- Apply online for a National Bank Select Account.
If you're an existing National Bank Online Banking customer, you can open an account through Online Banking.
We have a number of other tips to help you save on your banking.
To help you with managing your money you can use our calculators to work out a personal budget or savings plan or to check out your home loan options.
Rates
|
|
Interest is earned on every dollar in your account for balances over $5,000.
|
→$0 - $4,999
|
0.00% p.a. |
→$5,000 - $49,999
|
1.00% p.a. |
→$50,000 - $99,999
|
1.25% p.a. |
→$100,000 +
|
2.75% p.a. |
Fees
|
| →Monthly account fee (waived if average daily balance for the month is $5,000 or more) |
$15.00 |
| →All transaction fees |
waived |
| →Monthly overdraft management fee (calculated as a percentage of the agreed overdraft limit or the overdrawn balance - whichever is the greater) |
0.12% (min $5.00) |
|
|
| →With National Bank Select you can apply for an overdraft if required. (Fees will apply) |
|
Notes
Automated transactions include EFTPOS, Mobile Phone Banking, ATM withdrawals or transfers, automatic payments, bill payments, direct debits, direct credits, and also include transactions made through Touchtone Phone Banking and Online Banking.
Manual transactions include cheques, ATM deposits and transactions handled by our staff in branch or over the phone. (Please note that balances and basic account enquiries in branch are free).
Service and access fees (non-standard fees) may apply in addition to any fees stated above.
All you need for everyday banking
You can access National Bank Select any way you like. You have all the options for 24 hours a day, 365 days
a year access.
- Cashpoint ATMs
You can access cash and banking services from Cashpoint ATMs throughout the country as well as overseas with a National Bank
Cashpoint Card or
Thoroughbred Card.
- EFTPOS
You can use your Cashpoint or Thoroughbred Card to pay by EFTPOS or obtain cash at over 50,000 outlets throughout New Zealand.
- Online Banking
You can create or delete bill payees and pay bills, transfer funds, create, amend or delete a list of automatic payments,
see a summary of transactions and get account balances when it suits
you. Find out how to register at our
Online
Banking
page.
- Touchtone Phone Banking
You can pay bills, transfer funds and get account balances any time it
suits you, simply by picking up any touchtone phone in New Zealand or
overseas. Find out more at our
Touchtone Phone Banking
page or register by calling 0800 18 18 18.
- Automatic payments or direct debits
For regular payments like rent or your credit card you can set up an
automatic payment or direct debit.
- Manual banking options
You can use a cheque book on your account and have any other
transactions handled by our staff at your nearest branch.
Getting the best from your National Bank Select Account
-
Benefit from higher interest rates - make sure you keep a daily balance of $5,000 or more.
-
Pay no account or transaction fees - as long as you keep an average daily balance of $5,000
or more for the month.
Use the Fees Calculator
to see what difference a $5,000 balance can make and check
our general tips on ways to
save on your banking.
Making money management easier
You can enter your own details in our calculators
to work out figures and financial options that apply to you.
You can plan your personal budget,
check your home loan
options, or plan for your retirement.
Apply online, call 0800 18 18 18 or ask a staff member at any branch of The National Bank.
Our normal lending criteria and overdraft interest rate criteria apply. Read our current .
Saving and Investment Options
My saving and investment options
Answer the following questions to see our savings or investment options that may
help you reach your goals.
Based on the information you enter, the savings and investment selector will suggest
possible savings or investment options available to you through The
National Bank. You can consider these options and decide which, if any,
suit your circumstances.
Answer the questions below
- How much do you have to deposit or invest initially?
- How much can you save or invest on a regular basis?
- How often will you need to access your money?
why do we ask this question?
- What is your annual taxable income?
Start with the questions above.
Just three more questions to go.
Just two more questions to go.
Just one more question to go.
And you're done!
However you can adjust your answers at any time.
Back to top
See your saving and investing options with The National Bank
Start with any of the questions on the left.
Based on your 1 answer, you could consider 1 or more of the following
Based on your 2 answers, you could consider 1 or more of the following
Based on your 3 answers, you could consider 1 or more of the following
Based on your 4 answers, you could consider 1 or more of the following
Start by answering the questions on the left.
Each answer will generate savings or investment options for you to consider.
Loading products...
No change
See below for more information on some of our other savings accounts and investments
The first three saving and investment options provided above are based solely on
your answers to the questions on the left and should not be relied upon as giving
investment advice tailored to your financial circumstances. If you require investment
advice we recommend that you come into any National Bank Branch to discuss your
circumstances with a Banking Consultant.
So what next?
Follow the links to learn more about the savings or investment options that have
been suggested above.
When considering these options, please see the Investment Statements for
The National Bank Call Fund,
National Bank Term Fund and
Term Deposits.
If you decide that an option is suitable for you, you can follow the links to apply
for the savings account or investment. If you'd like to talk to anyone about how
the above options can help you achieve your goals,
email us, call us on 0800 18 18 18 or ask a staff member at any
branch.
This material is for information purposes only. Its content is intended to be of
a general nature, does not take into account your financial situation or goals,
and is not a personalised financial adviser service under the Financial Advisers Act
2008. It is recommended you seek advice from a financial adviser which takes into
account your individual circumstances before you acquire a financial product. If
you wish to consult one of The National Bank's financial advisers, please contact
us on 0800 18 18 18.
Interest rates, rates of return and fees are subject to change. Full details of
all products (including applicable fees, terms and conditions) can be obtained from
any National Bank branch. A copy of the Bank's
under the Reserve Bank of New Zealand Act 1989 is available on this website or on
request from any National Bank branch, free of charge.
All suggestions are based on the correct information being provided by you. This
tool is not intended to provide tax advice and you should seek independent tax advice
in relation to your own situation. For information on the applicable taxes on interest
or PIE income refer to the Inland
Revenue (IRD) website.
* ANZ Investment Services (New Zealand) Limited is the issuer/manager of The National
Bank Call Fund and The National Bank Term Fund (Funds) and The New Zealand Guardian
Trust Company Limited is the trustee. The National Bank of New Zealand, part of
ANZ National Bank Limited is the distributor of units in the Funds. Units in a Fund
do not represent deposits or other liabilities of ANZ National Bank Limited. An
investment in a Fund is subject to investment risk, including possible delays in
repayment and loss of income and principal invested. No member of the ANZ National
Bank Limited Group, The New Zealand Guardian Trust Company Limited or any other
person guarantees (either partially or fully) ANZ Investment Services (New Zealand)
Limited or the capital value or performance of any products issued by those companies.