Rates
Rates can change – bookmark this page for future reference.
Borrow
Last updated 11 January 2026
Home loan
Type - Owner Occupied* | % p.a. |
|---|---|
| Floating | 4.99 |
| Revolving Credit Facility | 4.99 |
| Fixed - 6 months | 4.65 |
| Fixed - 1 year | 4.45 |
| Fixed - 18 months | 4.69 |
| Fixed - 2 years | 4.79 |
| Fixed - 3 years | 5.09 |
| Fixed - 4 years | 5.29 |
| Fixed - 5 years | 5.49 |
| Fresh Start - Floating | 6.99 |
| Fresh Start - Fixed 1 year | 6.45 |
Type - Standard | % p.a. |
|---|---|
| Floating | 4.99 |
| Revolving Credit Facility | 4.99 |
| Fixed - 6 months | 5.15 |
| Fixed - 1 year | 4.95 |
| Fixed - 18 months | 5.19 |
| Fixed - 2 years | 5.29 |
| Fixed - 3 years | 5.59 |
| Fixed - 4 years | 5.79 |
| Fixed - 5 years | 5.99 |
The Co‑operative Bank’s lending criteria, fees, interest rates, terms and conditions apply and are subject to change.
*Owner Occupied rates will apply with Owner Occupied lending where there is a minimum of 20% equity in the property or First Home Loans.
Standard rates will apply with Owner Occupied lending where the Home Loan is greater than 80% of the property's value (plus a Low Equity premium of +0.20 to 1.00% p.a will apply) and Investment property loans. **A Revolving Credit Facility is not available for low equity loans.
If you have more than one property please check with us to see which rates apply. Bookmark this page for future reference. See Fees for full details.
Home Loan - First Home Buyer Special Rate
| Loan Type | % p.a. |
|---|---|
| One year fixed rate – Owner Occupied | 4.35 |
Offer available for new lending from $250,000. Lending must be used by the appliant(s) to purchase an Owner Occupied first home (as determined by The Co‑operative Bank).
Minimum 20% equity required. Offer also available for Kainga Ora First Home Loans. For Kainga Ora First Home Loans, a Lenders Mortgage Insurance premium is payable which is 1.2% of the loan balance. This can be added to the loan balance. The Co‑operative Bank and Kainga Ora's lending criteria, interest rates, terms and conditions apply and are subject to change.
Home Loan and Personal Loan Default Interest
| Loan Type | Margin % p.a. |
|---|---|
| Home Loans | 2.00 |
| Personal Loans | 2.00 |
Where you are unable to make a loan repayment within 14 days of the repayment date your loan will be in arrears and default interest will be added to our current interest rate, and will apply to the overdue amount. Default interest rates are additional to the ordinary rate, and are shown above.
Fair Rate Credit Card
| Type | % p.a. |
|---|---|
| Purchase interest rate | 12.95 |
| Cash advance interest rate | 12.95 |
| Balance transfer (6 months)* | 0.00 |
Interest rates are subject to change. *After 6 months, any remaining transferred balance will be treated like a cash advance and our standard interest rate for cash advances will apply (currently 12.95% p.a.).
Personal Loans
| Loan Type | % p.a. |
|---|---|
| Personal Loan* | 9.95 - 17.75** |
*Where a customer is refinancing existing lending currently held with The Co‑operative Bank, the new loan must include $3,000 in new lending.
**Our personal loan interest rates are floating, which mean rates may change during the life of the loan. The interest rate that will apply depends on your credit and financial situation, and our lending criteria.
Overdrafts
| Type | % p.a. |
|---|---|
| Arranged | 17.50 |
| Unarranged | 22.00 |
Overdraft rates for the last 12 months are available here
Our Overdraft rates are floating which means rates may change during the time you have this facility
Save and invest
Special term deposits
| Term | Min. deposit $5,000 interest rate |
|---|---|
| 6 Months | 3.50% p.a. |
| 12 Months 1 | 3.50% p.a. |
1 Interest paid monthly or at maturity only
Term deposits
| Term | Min. deposit $2,000 interest rate | Min. deposit $10,000 interest rate | Min. deposit $50,000 interest rate |
|---|---|---|---|
| 1 Month | 1.90% p.a. | 1.90% p.a. | 1.90% p.a. |
| 3 Month | 3.00% p.a. | 3.00% p.a. | 3.00% p.a. |
| 6 Month | 3.45% p.a. | 3.45% p.a. | 3.45% p.a. |
| 9 Month | 3.40% p.a. | 3.40% p.a. | 3.40% p.a. |
| 12 Month | 3.40% p.a. | 3.40% p.a. | 3.40% p.a. |
| 18 Month | 3.60% p.a. | 3.60% p.a. | 3.60% p.a. |
| 24 Month | 3.70% p.a. | 3.70% p.a. | 3.70% p.a. |
| 36 Month | 4.00% p.a. | 4.00% p.a. | 4.00% p.a. |
| 48 Month | 4.10% p.a. | 4.10% p.a. | 4.10% p.a. |
- Max deposit $1,000,000 – interest rates may be negotiated above this amount
- You can choose other terms between one month and four years and earn the same interest as the next shortest term with a specified interest rate (excluding Special term deposit interest rates). For example, an eight-month deposit qualifies for the six-month interest rate (but not the six-month Special term deposit interest rate). To open a Term Deposit at terms other than those shown above, please contact your local branch.
- Monthly income option is available on deposits over $5,000
- For more detail about our term deposits, download our Term Deposit Terms and Conditions and the current Disclosure Statement – also available in our branches.
Savings accounts
| Balance | Smile | Prize Draw Saver | Online | Step Saver |
|---|---|---|---|---|
| $0 - $3,999.99 | Zero | 0.25% p.a. | 0.75% p.a. | 0.55% p.a. 2.00% p.a. with bonus interest* |
| $4,000 - $14,999.99 | 0.10% p.a. | 0.25% p.a. | 0.75% p.a. | 0.55% p.a. 2.00% p.a. with bonus interest* |
| $15,000 - $49,999.99 | 0.10% p.a. | 0.25% p.a. | 0.75% p.a. | 0.55% p.a. 2.00% p.a. with bonus interest* |
| $50,000 - $99,999.99 | 0.10% p.a. | 0.25% p.a. | 0.75% p.a. | 0.55% p.a. 2.00% p.a. with bonus interest* |
| $100,000 or more | 0.10% p.a. | 0.25% p.a. | 0.75% p.a. | 0.55% p.a. 2.00% p.a. with bonus interest* |
Interest calculated daily and paid monthly – except Prize Draw Saver, paid 31 March each year
*Extra 1.45% p.a. bonus interest is paid in every month if the account balance, exclusive of interest, is higher at the month end (or on the date the account is closed) than the balance at the start of the month (or on the date the account is opened if the account has been open for less than one month) and no more than one withdrawal is made in the month.
Youth accounts
Dollars & Sense and Dosh
| Balance | Interest rate |
|---|---|
| $0 - $4,000 | 2.30% p.a. |
| $4,000+ | 0.55% p.a. |
- Interest calculated daily and paid monthly
- Interest rate applies on a stepped basis.
- Limit of one Youth (Dollars and Sense or Dosh) account per customer
Business Online Account
- 0.75% p.a. interest on all credit balances.
- Interest calculated daily, paid monthly.