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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
TSB Bank
6 Months
  • A-
6 Months

Interest info

Maturity

$5 000 $9 999 2.60% Go to site
Kookmin Bank
6M
  • A+
6 Months $5 000 $9 999 2.50% Go to site
Bank of New Zealand
160 - 179 days
  • AA-
6 Months

Interest info

Interest can only be paid at maturity

$2 000 $5 000 000 2.40% Go to site
HSBC
6 months
  • AA-
6 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 2.40% Go to site
Bank of Baroda
180 days to 269 days
  • BBB-
6 Months

Interest info

Interest compounded quarterly on term deposits

$1 000 $4 999 2.20% Go to site
HSBC
6 months
  • AA-
6 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.

$10 000 $99 000 2.20% Go to site
ASB Bank
6 Months
  • AA-
6 Months

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.

$5 000 $10 000 2.00% Go to site
Kiwibank
6 months
  • A
6 Months

Interest info

Interest Paid at Maturity

$1 000 $4 999 2.00% Go to site
Kiwibank
200 days
  • A
6 Months

Interest info

Interest Paid at Maturity

$1 000 $4 999 2.00% Go to site
Wairarapa Building Society
180 Days
  • BB+
6 Months $2 000 $4 999 2.00% Go to site
HSBC
6 months
  • AA-
6 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.

$0 $9 999 1.20% Go to site
Wairarapa Building Society
180 Days
  • BB+
6 Months $500 $1 999 1.00% Go to site
General Finance
9 months
  • BB-
9 Months

Interest info

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

$2 000 $3 000 000 4.35% Go to site
Credit Union Central
9 MONTHS
9 Months $500 $1 500 000 3.15% Go to site
NZCU Baywide
9 months
  • BB
9 Months $1 000 $1 500 000 3.15%

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

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