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Term Deposits

Which option is best for your spare cash? We compare term deposits from over 40 different providers below.

Last Updated Wednesday, October 2, 2019 - 12:34am
Filter options Accepted range in days
1 Month 0 - 45
2 Months 32 - 76
3 Months 62 - 106
4 Months 93 - 137
5 Months 123 - 168
6 Months 154 - 230
9 Months 185 - 318
1 year 276 - 456
18 months 366 - 638
2 years 550 - 886
3 years 732 - 1278
4 years 1097 - 1644
5 years 1462 +
Filter options Accepted range in days
1 Month 0 - 45
2 Months 32 - 76
3 Months 62 - 106
4 Months 93 - 137
5 Months 123 - 168
6 Months 154 - 230
9 Months 185 - 318
1 year 276 - 456
18 months 366 - 638
2 years 550 - 886
3 years 732 - 1278
4 years 1097 - 1644
5 years 1462 +
Institute Product name Credit rating Term Min deposit Max deposit Rate More Info
General Finance
1 year
  • BB-
1 year

Interest info

Interest paid or compounded quarterly. For deposits in excess of $25,000, interest can be paid monthly.

$2 000 $3 000 000 4.55% Go to site
Heretaunga Building Society
1 Year
1 year

Interest info

Interest paid six monthly or on maturity

$1 3.40% Go to site
Asset Finance
12 Months
1 year

Interest info

Interest (less withholding tax) can be paid into your bank account either monthly or quarterly, or you can grow your investment by having interest reinvest/compound at the end of each quarter.

$500 3.20% Go to site
Credit Union Central
12 MONTHS
1 year $500 $1 500 000 3.10% Go to site
NZCU Baywide
12 months
  • BB
1 year $1 000 $1 500 000 3.10%

Minimum deposit is $1,000 for adults and $500 for children under 18 years old

Go to site
NZCU South
12 months
  • BB
1 year

Interest info

Interest may be paid quarterly or compounded for terms 12 months and over.

$1 000 $1 500 000 3.10% Go to site
NZCU Auckland
12 months
1 year

Interest info

You can arrange to get paid interest at regular intervals (conditions apply) or on maturity to any account of your choice

$10 000 $500 000 3.00% Go to site
Bank of Baroda
12 months to less than 18 months
  • BBB-
1 year

Interest info

Interest compounded quarterly on term deposits

$1 000 $4 999 2.90% Go to site
Kookmin Bank
1 Y
  • A+
1 year $100 000 2.90% Go to site
Wairarapa Building Society
1 Year
  • BB+
1 year $5 000 2.90% Go to site
Heartland Bank
15 mths Special
  • BBB
1 year

Interest info

3 monthly. For terms of 12 months or longer with a minimum deposit of $50,000, interest can be direct credited to a bank account monthly.

$1 000 2.90% Go to site
Bank of Baroda
12 months to less than 18 months
  • BBB-
1 year

Interest info

Interest compounded quarterly on term deposits

$5 000 $100 000 2.85% Go to site
Kookmin Bank
1 Y
  • A+
1 year $50 000 $99 999 2.80% Go to site
Heartland Bank
12mths
  • BBB
1 year

Interest info

3 monthly. For terms of 12 months or longer with a minimum deposit of $50,000, interest can be direct credited to a bank account monthly.

$1 000 2.80% Go to site
Bank of New Zealand
270 - 364 days
  • AA-
1 year

Interest info

Interest payment options available (quarterly, six monthly, annually and at maturity)

$2 000 $5 000 000 2.75% Go to site

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