There are some aspects of this fund which may require extra consideration before deciding to invest.
Restrictions on transfer
There are rules around transfering in and out of this investment, which may depend on eligibility. For example, overseas investors may not be able to transfer into some New Zealand managed funds. Or there may be restrictions on withdrawals, such as not until age 65 for KiwiSaver funds.
Issuer's description of this product:
An offer of debt securities being unsecured call and term deposits.
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the forseeable future.
Maturity
This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.
Rate
This investment offer does not have a single set rate. This may mean that the rate is variable or that there are multiple rates available.
Key facts
Provider website
Issuer's industry
Financial/insurance
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
(Fitch Ratings)
This is the credit rating for this particular bond or debt security.
Issuer credit rating
(Fitch Ratings)
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
Maturity conditions description
Maturity is dependant on the account type
Rate
Rate calculation description
Interest rates vary according to the term of the deposit. They are reviewed on a regular basis after considering current market conditions.
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
NBS_Product-Disclosure-Statement_20 December 2024.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Deposit Takers NBS Exemption Notice 2011 259.pdf
Deposit Takers (NBS) Exemption Amendment Notice 2015.pdf
Quarterly Ongoing Disclosure 300916.pdf
Nelson Building Society Application Forms.pdf
2016 NBS Key Ratios&Financial Information.pdf
2017 Key Ratios& Financial Information.pdf
2018 Ranking Diagram.pdf
2019 Ranking Diagram.pdf
2020 Ranking Diagram.pdf
2021 Ranking Diagram .pdf
2022 Ranking Diagram.pdf
2022 Ranking Diagram.pdf
2023 Ranking Diagram.pdf
Interest Rates November 2023.pdf
NBS_Key-Ratios-and-Financial-Information_31March2021-31March2023.pdf
NBS Exemption Revocation Notice 2018.pdf
NBS Exemption Revocation Notice 2020.pdf
Interest Rates as at 17 January 2024.pdf
Interest Rates 28 February 2024.pdf
Interest Rates 17 April 2024.pdf
Interest Rates 15 May 2024.pdf
Interest Rates 22 July 2024.pdf
NBS-Climate-Related-Disclosure-2024.pdf
2024 Ranking diagram.pdf
NBS_Key-Ratios-and-Financial-Information_31March2022-31March2024.pdf
Interest Rates 8 August 2024.pdf
Interest Rates 20 August 2024.pdf
Interest Rates 26 August 2024.pdf
Interest rates 10 September 2024.pdf
Interest rates 25 September 2024.pdf
Interest rates 10 October 2024.pdf
Interest rates 18 October 2024.pdf
Interest rates 25 October 2024.pdf
Interest Rates 04 November 2024.pdf
Interest Rates 29 November 2024.pdf
Interest Rates 13 December 2024.pdf
Interest Rates 17 January 2025.pdf
NBS Interest Rates 24 January 2025.pdf
Interest rates 10 February 2025.pdf
Interest Rates 24 February 2025.pdf
Interest Rates 28 February 2025.pdf
Interest Rates 7 March 2025.pdf
Additional details
Issuer details
Name
NELSON BUILDING SOCIETY
Type
Building Society
Industry
Financial/insurance
Website
Registration number in country of origin
1781002
NZBN
9429043042661
FSP Number
Credit rating
BB+ Stable (Fitch Ratings) on 21 January 2024
Supervisor
Name
COVENANT TRUSTEE SERVICES LIMITED
Offer details
Date registered
31 October 2016
Date opened
11 November 2016
Closing date
None
Offer credit rating
BB+ Stable (Fitch Ratings) on 21 January 2024
Continuous issue
Yes
Further payments may be required
No
Restrictions on transfer
Yes
Issuer can withhold, reduce, or delay payment
No
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR11081: NELSON BUILDING SOCIETY
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. nbs.co.nz