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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 deposit Rate More Info
Credit Union Central
12 MONTHS
1 year $500 $1 500 000 2.70% Go to site
NZCU Baywide
12 months
  • BB
1 year $1 000 $1 000 000 2.70%

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 2.70% Go to site
ANZ Bank
1 year
  • AA-
1 year

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 2.65% Go to site
Bank of New Zealand
270 - 364 days
  • AA-
1 year

Interest info

Depending on the term of your deposit, you can choose to have your interest paid monthly, quarterly, six monthly, annually, or at maturity.

$2 000 $5 000 000 2.65% Go to site
Nelson Building Society
12 months
  • BB+
1 year $5 000 2.65% Go to site
ASB Bank
12 Months
  • AA-
1 year

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 2.60% Go to site
Bank of New Zealand
1 year
  • AA-
1 year

Interest info

Depending on the term of your deposit, you can choose to have your interest paid monthly, quarterly, six monthly, annually, or at maturity.

$2 000 $5 000 000 2.60% Go to site
Kiwibank
1 year
  • A
1 year

Interest info

Interest Paid at Maturity

$5 000 $9 999 2.60% Go to site
Kookmin Bank
1 Y
  • A+
1 year $5 000 $9 999 2.60% Go to site
The Co-operative Bank
12 Months Special
  • BBB
1 year

Interest info

Interest paid monthly or at maturity only

$5 000 2.60% Go to site
TSB Bank
12 Months
  • A-
1 year

Interest info

six monthly

$10 000 2.60% Go to site
Westpac
12 months
  • AA-
1 year

Interest info

At Maturity

$5 000 $5 000 000 2.60% Go to site
Westpac
12 months
  • AA-
1 year

Interest info

Monthly or Compounding

$5 000 $5 000 000 2.60% Go to site
Rabobank New Zealand
1 year Standard interest
  • A
1 year

Interest info

Maturity

$1 000 2.55% Go to site

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