NZ Term Deposit Rates

Within New Zealand and similar to Australia, fixed term saving instruments issued by banks are called term deposits. Conversely this differs to other countries around the world such as China (time deposits), United States (certificate of deposit or CDs), fixed rate bonds in the UK and GICs within Canada.

In NZ and similar to other countries, this product type provides individuals with an investment opportunity to lock in a fixed interest rate of return of their funds for an upfront agreed period which makes their funds illiquid or unavailable for that term. Penalties of interest may be applicable if you withdraw before the agreed maturity.

NZ banks rates for deposits may rise and fall depending on a number of economic factors including the cash rate set by the RBNZ.

Highest Interest Rates by Term Deposit Account Product in New Zealand

Deposit Account Term APY
Bank of Baroda NZ 5 Year Deposit Rate5 year4.90% Jul, 2015
Kiwibank 5 Year Term Deposit Rate5 year4.70% Jul, 2015
TSB Bank 60 Month Term Deposit Rate60 month4.70% Jul, 2015
Bank of Baroda NZ 2 Year Deposit Rate2 year4.60% Jul, 2015
Bank of India NZ 2 Year Deposit Rate2 year4.60% Jul, 2015
Bank of Baroda NZ 1 Year Deposit Rate1 year4.50% Jul, 2015
HSBC New Zealand 5 Year Deposit Rate5 year4.50% Jul, 2015
Heartland Bank 5 Year Term Deposit Rate5 year4.50% Jul, 2015
Bank of India NZ 1 Year Deposit Rate1 year4.50% Jul, 2015
Westpac NZ 5 Year Term Deposit5 year4.40% Jul, 2015
Heartland Bank 2 Year Term Deposit Rate2 year4.35% Jul, 2015
Heartland Bank 1 Year Term Deposit Rate1 year4.30% Jul, 2015
Bank of India NZ 6 Month Deposit Rate6 month4.25% Jul, 2015
Rabobank New Zealand 5 Year Term Deposit Rate5 year4.25% Jul, 2015
Bank of Baroda NZ 6 Month Deposit Rate6 month4.20% Jul, 2015
HSBC New Zealand 2 Year Deposit Rate2 year4.20% Jul, 2015
TSB Bank 2 Year Term Deposit Rate2 year4.20% Jul, 2015
Heartland Bank 6 Month Term Deposit Rate6 month4.15% Jul, 2015
Kiwibank 2 Year Term Deposit Rate2 year4.15% Jul, 2015
Westpac NZ 2 Year Term Deposit2 year4.15% Jul, 2015
BNZ 1 Year Term Deposit1 year4.10% Jul, 2015
Rabobank New Zealand 2 Year Term Deposit Rate2 year4.10% Jul, 2015
Rabobank New Zealand 1 Year Term Deposit Rate1 year4.05% Jul, 2015
Westpac NZ 1 Year Term Deposit1 year4.00% Jul, 2015
ANZ 1 Year Term Deposit1 year4.00% Jul, 2015
TSB Bank 1 Year Term Deposit Rate1 year4.00% Jul, 2015
Kiwibank 1 Year Term Deposit Rate1 year4.00% Jul, 2015
ASB 1 Year Term Deposit1 year3.95% Jul, 2015
BNZ 6 Month Term Deposit6 month3.90% Jul, 2015
ASB 6 Month Term Deposit6 month3.80% Jul, 2015
ANZ 6 Month Term Deposit6 month3.80% Jul, 2015
Rabobank New Zealand 6 Month Term Deposit Rate6 month3.80% Jul, 2015
TSB Bank 6 Month Term Deposit Rate6 month3.75% Jul, 2015
Kiwibank 6 Month Term Deposit Rate6 month3.75% Jul, 2015
Kiwibank 3 Month Term Deposit Rate3 month3.75% Jul, 2015
Westpac NZ 6 Month Term Deposit6 month3.75% Jul, 2015
Bank of Baroda NZ 3 Month Deposit Rate3 month3.75% Jul, 2015
HSBC New Zealand 1 Year Deposit Rate1 year3.70% Jul, 2015
Heartland Bank 3 Month Term Deposit Rate3 month3.65% Jul, 2015
HSBC New Zealand 6 Month Deposit Rate6 month3.60% Jul, 2015
Heartland Bank 1 Month Term Deposit Rate1 month3.40% Jul, 2015
BNZ 3 Month Term Deposit3 month3.35% Jul, 2015
Westpac NZ 3 Month Term Deposit3 month3.35% Jul, 2015
Rabobank New Zealand 3 Month Term Deposit Rate3 month3.35% Jul, 2015
Bank of India NZ 3 Month Deposit Rate3 month3.30% Jul, 2015
ASB 3 Month Term Deposit3 month3.25% Jul, 2015
ANZ 3 Month Term Deposit3 month3.25% Jul, 2015
Bank of Baroda NZ 1 Month Deposit Rate1 month3.25% Jul, 2015
TSB Bank 3 Month Term Deposit Rate3 month3.25% Jul, 2015
HSBC New Zealand 3 Month Deposit Rate3 month3.20% Jul, 2015
Bank of India NZ 1 Month Deposit Rate1 month3.20% Jul, 2015
TSB Bank 1 Month Term Deposit Rate1 month3.00% Jul, 2015
Kiwibank 1 Month Term Deposit Rate1 month3.00% Jul, 2015
Rabobank New Zealand 1 Month Term Deposit Rate1 month2.80% Jul, 2015
HSBC New Zealand 1 Month Deposit Rate1 month2.75% Jul, 2015
Westpac NZ 1 Month Term Deposit1 month2.75% Jul, 2015
ANZ 1 Month Term Deposit1 month2.50% Jul, 2015
BNZ USD 3 Month Term Deposit3 month0.20% Jul, 2015