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General Notice - Interest Rates Review

Wednesday, October 26, 2022

Dear Valued Customer,

As part of being a responsible financial institution, BSP Financial Group Ltd (BSP Cook Islands) regularly reviews all products and services in-line with the market and changing economic conditions. BSP Cook Islands is pleased to advise there will be a change to the interest rates of our Tier 2 Term Deposits:-


Tier 2 Existing

Tier 2 New


500,001 – 1,500,000

500,001 – 1,500,000

30 days



90 days



6 month



9 month



12 month



  • All interest rates quoted are for NZD and subject to change
  • Term deposits are available to individuals and business customers for amounts of $5,000 or more
  • Tiered pricing is applied on the aggregate sum of all BSP term deposits held by the customer

All interest rates on Tier 1 and Tier 3 Term Deposits remain unchanged:

  • Tier 1 5,000 – 500,000
  • Tier 2 500,001 – 1,500,000
  • Tier 3 >1,500,000

For further details please refer to BSP Term Deposit Rates.

All changes will be effective as of 01 November 2022

Please note the above table provides an overview of the product only. Other fees, terms and conditions may apply and all interest rates quoted are subject to change.

Further information is available in BSP Online Banking in the individual product tabs, or provided at your local BSP branch.

If you have any questions please do not hesitate to contact our customer service team on (682) 22014 or email us at BSPCookIslands@bsp.com.pg.