Interest Rates

Footnotes:

• ¹ For each tier of interest the applicable interest rate is only paid on the portion of the balance detailed for each tier and not on the entire balance.
• ² The Advantage account attracts a $6 monthly fee. This fee is waived if you maintain a minimum monthly balance of $2,000 for the month OR if a minimum of $2,000 is deposited for the month. Zero transaction fees will apply if either of these conditions are met.
• ³ Earn bonus interest when a total of $2 or more is deposited and no withdrawals are made in each calendar month. Note 1.50% pa interest is applied if the conditions are not followed. 0.25% p.a. more is paid on Term Deposits totaling a maximum of $10,000 for a Super Saver account. See Term Deposits for more information.
• ⁴ 0.25% p.a. more is paid on Term Deposits totaling a maximum of $10,000 for a Teen Saver account. See Term Deposits for more information.
• ⁵ The organisation must be a non-profitable, a charity or non-licenced group/organisation. There must be an elected committee. Signed copies of the minutes from the last Annual General Meeting must be presented if the organisation/group is new, or a copy of the formation minutes will suffice. The organisation must not have paid employees.
• ⁶ Withdrawals are only available from 1 November to 31 January.
• ⁷ This is an online account only. No transactions can be made at a branch.
• ⁸ To earn reward interest account holders must make a minimum $50 deposit and no withdrawal per calendar month. If bonus criteria are not met, the Reward Saver rate is forfeited.
• ⁹ This account is for members aged 13 to 17 years. Funds are at call. Reward interest is earned if a total of $10 or more is deposited and no withdrawals are made in the calendar month. Note: If the conditions are not followed during the calendar month, the balance will attract 1.50% pa interest.
• ¹⁰ Terms and conditions, fees & charges apply and are available on application. Approval conditions apply. The loan is secured and the rate is variable. Additional fees and charges will apply. The establishment fee is for one property, one mortgage preparation and one property valuation only. LVR 70% or less is available for new business only. SPECIAL DISCOUNT RATE - The rate includes a 0.25%p.a. honeymoon discount for 2 years.
• ¹¹ The comparison rate is calculated on a loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
• ¹² Fixed rate reverts to our Home Sweet Home Loan rate after fixed term period.
• ¹³ The comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. All loans are secured. Fixed interest rate home loans are fixed for the term specified in the Offer and Loan Contract after which the interest rate will revert to the Home Sweet Home Loan variable interest rate applicable at the time. The standard variable rate is published at each Horizon Bank branch. Terms and Conditions, fees and charges apply and are available on request.
• ¹⁴ Terms and conditions, fees & charges apply and are available on application. Approval conditions apply. The loan is secured and the rate is variable. Additional fees and charges will apply. The establishment fee is for one property, one mortgage preparation and one property valuation only. LVR 70% or less is available for new business only. SPECIAL DISCOUNT RATE - The rate includes a 0.25%p.a. honeymoon discount for 2 years.
• ¹⁵ Fixed rate reverts to our Home Sweet Home Loan Residential Investment rate after fixed term period.
• ¹⁶ The comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. All loans are secured. Fixed interest rate home loans are fixed for the term specified in the Offer and Loan Contract after which the interest rate will revert to the Home Sweet Home Residential Investment Loan variable interest rate applicable at the time. The standard variable rate is published at each Horizon Bank branch. Terms and Conditions, fees and charges apply and are available on request
• ¹⁷ The comparison rate is calculated on a loan amount of $30,000 over a term of 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.