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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 Monday, December 10, 2018 - 10:49pm
Filter optionsAccepted range in days
1 Month0 - 45
2 Months32 - 76
3 Months62 - 106
4 Months93 - 137
5 Months123 - 168
6 Months154 - 230
9 Months185 - 318
1 year276 - 456
18 months366 - 638
2 years550 - 886
3 years732 - 1278
4 years1097 - 1644
5 years1462 +
Filter optionsAccepted range in days
1 Month0 - 45
2 Months32 - 76
3 Months62 - 106
4 Months93 - 137
5 Months123 - 168
6 Months154 - 230
9 Months185 - 318
1 year276 - 456
18 months366 - 638
2 years550 - 886
3 years732 - 1278
4 years1097 - 1644
5 years1462 +
Institute Product name Credit rating Term Min deposit Max deposit Rate More Info
Heartland Bank
18 mths
  • BBB-
    18 months

    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.

    $0 $19 999 3.50% Go to site
    RaboDirect
    18 months Interim interest Quarterly
    • AA-
      18 months

      Interest info

      Quarterly

      $1 000 3.50% Go to site
      RaboDirect
      18 months Interim interest Monthly
      • AA-
        18 months

        Interest info

        Monthly

        $1 000 3.49% Go to site
        ANZ Bank
        18 months
        • AA-
          18 months

          Interest info

          Compounded quarterly, six monthly, annually or at maturity. Paid into any New Zealand bank account monthly, quarterly, six monthly, annually or at maturity.

          $10 000 $5 000 000 3.45% Go to site
          TSB Bank
          18 Months
          • BBB+
            18 months

            Interest info

            six monthly

            $10 000 3.45% Go to site
            Westpac
            18 months
            • AA-
              18 months

              Interest info

              Monthly or Compounding

              $5 000 $5 000 000 3.45% Go to site
              Bank of New Zealand
              18 months**
              • AA-
                18 months

                Interest info

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

                $5 000 $5 000 000 3.40% Go to site
                Bank of New Zealand
                18 months
                • AA-
                  18 months

                  Interest info

                  Interest is paid monthly.

                  $20 000 $5 000 000 3.40% 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.

                    $10 000 $49 999 3.40% 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 3.40% Go to site
                      TSB Bank
                      18 Months
                      • BBB+
                        18 months

                        Interest info

                        six monthly

                        $5 000 $9 999 3.40% 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.

                          $2 000 $9 999 3.30% Go to site
                          NZCU Auckland
                          18 months
                            18 months

                            Interest info

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

                            $500 $9 999 3.00% Go to site
                            NZCU South
                            18 months
                            • BB-
                              18 months

                              Interest info

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

                              $500 $4 999 2.85% Go to site
                              ASB Bank
                              18 Months
                              • AA-
                                18 months

                                Interest info

                                For terms of less than six months and specials, interest is paid at maturity. For longer terms you can choose to have interest paid monthly or at maturity or compounded quarterly, six monthly or annually. Monthly interest cannot be compounded.

                                $5 000 $10 000 2.00% Go to site

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