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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 Tuesday, August 6, 2019 - 9:22pm
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
Bank of New Zealand
60 - 89 days
  • AA-
2 Months

Interest info

Interest can only be paid at maturity

$2 000 $5 000 000 1.00% Go to site
Westpac
60 days
  • AA-
2 Months

Interest info

At Maturity

$5 000 $5 000 000 1.00% Go to site
General Finance
18 Months
18 months

Interest info

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

$2 000 5.20% Go to site
Asset Finance
18 Months
18 months

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 3.90% 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

$10 000 $500 000 3.35% Go to site
Credit Union Central
18 MONTHS
18 months $500 $500 000 3.30% Go to site
NZCU Baywide
18 months
  • BB-
18 months $1 000 $1 000 000 3.30%

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

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.

$5 000 $500 000 3.30% Go to site
Bank of Baroda
18 months to less than 2 years
  • BBB-
18 months

Interest info

Interest compounded quarterly on term deposits

$1 000 $4 999 3.20% Go to site
Bank of Baroda
18 months to less than 2 years
  • BBB-
18 months

Interest info

Interest compounded quarterly on term deposits

$5 000 $100 000 3.20% Go to site
Heartland Bank
18 mths
  • BBB-
18 months

Interest info

Interest paid 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 3.20% 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 3.00% Go to site
ASB Bank
18 Months
  • AA-
18 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.

$10 000 3.00% 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)

$2 000 $5 000 000 3.00% 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

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