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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 Thursday, November 7, 2019 - 10:15pm
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 depositsort ascending Rate More Info
Asset Finance
5 Years
5 years

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 5.95% Go to site
Rabobank New Zealand
15 months Interim interest Monthly
  • A
1 year

Interest info

Monthly

$1 000 2.47% 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
Kiwibank
5 years
  • A
5 years

Interest info

Interest Paid at Maturity

$50 000 2.50% Go to site
The Co-operative Bank
18 Months
  • BBB
18 months

Interest info

Interest is calculated daily and, unless stated otherwise, paid quarterly (at the end of March, June, September and December) and at maturity - or monthly on deposits above $5,000.

$50 000 2.50% Go to site
TSB Bank
9 Months
  • A-
9 Months

Interest info

six monthly

$10 000 2.65% Go to site
ASB Bank
5 Years
  • AA-
5 years

Interest info

Depending on the term, returns can be paid quarterly, six-monthly, annually or at the end of the term. Returns can be paid monthly for investments of $10,000 or more with a term of six months or longer.

$10 000 2.50% Go to site
Rabobank New Zealand
4 years Interim interest Six-monthly
  • A
4 years

Interest info

Six-monthly

$1 000 2.48% Go to site
Kiwibank
2 years
  • A
2 years

Interest info

Interest Paid at Maturity

$50 000 2.50% Go to site
Wairarapa Building Society
270 Days
  • BB+
9 Months $5 000 3.05% Go to site
HSBC
3 months
  • AA-
3 Months

Interest info

For term deposits over two months in duration, you can select to have your interest paid to your nominated account on a monthly, quarterly, six-monthly basis or at maturity. Alternatively, you can elect to have your interest paid to your nominated account at the end of your deposit term.

$100 000 1.80% Go to site
The Co-operative Bank
1 Month
  • BBB
1 Month

Interest info

Interest is calculated daily and, unless stated otherwise, paid quarterly (at the end of March, June, September and December) and at maturity - or monthly on deposits above $5,000.

$50 000 1.15% Go to site
Rabobank New Zealand
3 years Interim interest Six-monthly
  • A
3 years

Interest info

Six-monthly

$1 000 2.48% Go to site
Kookmin Bank
3M
  • A+
3 Months $100 000 2.30% Go to site
Rabobank New Zealand
15 months Standard interest
  • A
1 year

Interest info

Maturity

$1 000 2.50% Go to site

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