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Term deposits are a safe and guaranteed way to set aside your savings. While they won’t attract high interest rates like a savings account, they offer more than a transaction account. It has been a tough year for term deposit holders, though, as the Reserve Bank continued to lower interest rates in a bid to revive the economy from the pandemic. Generally, fixed deposit schemes are offered for 7 days - 10 years. The account holder can opt for deposit term as per his investment goals. Usually, the deposit term for recurring deposits varies from 6 months - 10 years. The account holder needs to deposit a stipulated amount during regular intervals over opted deposit term. A long-term CD at Citizens Access will receive a penalty of 180 days of interest on the CD balance if there is an early withdrawal. American Express National Bank: 6 months – 5 years, 0.10% APY –.
*Interest Rates For Term Deposits
*Term Deposit Rates
With this interest rates table, you can use the arrows to sort by various options such as interest rate, provider, amount and rating. Rates changes from the past seven days will be highlighted in green or red.
The rate of 7.97% is 1.15% higher than the average 6.82%. Also it is the highest rate for this term period 7.97 Updated May, 2018 on African Bank’s secure website. The top rate currently being offered on a six-month bond is 1.45% gross, which is 0.25% higher than the current top rate being offered in the easy access chart where the best rate is 1.20% gross.
Interest Rates For Term Deposits
NEW: Click on a provider’s name or logo to see all their rates.AllTerm DepositsCall AccountsOnline Call AccountsSavingsDebenturesBondsBy ProviderTerm Deposit RatesProviderProductMinimum DepositMaximum Deposit30 days60 days90 days5 months6 months9 months12 monthsANZ Term Deposits $10,000-0.150.250.350.550.800.800.80 Term Investment $5,000$9,9990.150.250.350.550.800.80▲0.80▲ Term Investment $10,000$49,9990.150.250.350.550.800.80▲0.80▲Asset Finance Term Deposit $2,500------2.503.30BNZ Term Investment $2,000$5,000,0000.150.250.350.550.800.800.80China Construction Bank Term Deposit $100,000$5,000,000-------Co-operative Bank Term Deposit $2,000-0.15-0.40-0.950.950.95Co-operative Bank Special Term Deposit $5,000-----1.00-1.00 Term Deposit $1,000-----1.30-2.30First Credit Union Term Investment $500---0.75-1.101.151.20General Finance Deposit Rate $5,000$100,000----2.553.103.55Heartland Bank Heartland Term Deposit $1,000-0.150.250.40-0.900.901.00Heretaunga Building Society Term Investment $1---0.40▼-0.80▼-1.00HSBC Premier Term Deposits -$9,9990.05-0.050.100.100.100.10HSBC Premier Term Deposit $10,000$99,9990.07-0.100.350.600.600.60HSBC Premier Term Deposit $100,000-0.10-0.350.550.800.800.80Kiwibank Term Deposits $1,000$4,999--0.250.250.500.500.50Kiwibank Term Deposits $5,000$9,9990.050.150.250.500.800.700.90Kiwibank Term Deposits $10,000-0.150.250.350.600.900.801.00Kookmin - NZ Term Deposit $10,000$49,9990.100.100.300.400.600.600.90ProviderProductMinimum DepositMaximum Deposit30 days60 days90 days5 months6 months9 months12 monthsKookmin - NZ Term Deposit $50,000$99,9990.100.100.300.500.700.701.00Kookmin - NZ Term Deposit $100,000-0.100.100.400.600.800.801.10Kookmin - NZ Term Deposit $5,000$9,9990.100.100.300.300.500.500.80 Term Deposit $5,000$19,999--2.45-2.902.953.00 Term Deposit $20,000$99,999--2.50-2.953.003.05 Term Deposit $100,000---2.55-3.053.103.15Napier Building Society Term Deposit $5,000--------Nelson Building Society Term Deposit $5,000$250,0000.15-0.45-0.850.850.95NZCU Auckland Investment Account $500$9,999--0.60-1.051.051.10NZCU Auckland Investment Account $10,000$500,000--0.60-1.101.101.15NZCU Baywide Term investment $1,000$1,000,0000.150.150.500.700.900.951.00NZCU South Term investment $1,000$500,0000.150.150.500.700.900.951.00Public Trust Term Deposit $5,000$9,999--1.00-1.001.001.00Public Trust Term Deposit $10,000$49,999--1.00-1.001.001.00Public Trust Term Deposit $50,000$249,999--1.00-1.001.001.00Public Trust Term Deposit $250,000---1.00-1.001.001.00Rabobank Term Deposits$1,000-0.20-0.25-1.001.001.00SBS Bank Term Investment Specials $1,000$250,000--0.400.500.900.901.00 Term Deposit $5,000$9,9990.050.100.250.450.700.700.70 Term Deposit $10,000$250,0000.150.250.350.550.800.800.80ProviderProductMinimum DepositMaximum Deposit30 days60 days90 days5 months6 months9 months12 monthsWairarapa Bldg Socy Term Investment $500$1,999--0.45-0.450.450.45Wairarapa Bldg Socy Term Investment $2,000$4,999--0.45-0.650.700.75Wairarapa Bldg Socy Term Investment $5,000---0.50-0.951.001.05 Term Investment $5,000$5,000,0000.150.200.350.550.800.800.80
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