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Term Deposits

Grow savings you don’t need right now.

  • Minimum deposit $2000
  • Maximum deposit $1m
  • Terms from 30 days to five years
  • No establishment or management fees

More detail

Grab one of our great Term Deposit rates now. Or take a look at our full range of rates below then give us a call on 0800 275 269 or visit any BNZ store to get your Term Deposit underway.

Term Deposits can help you earn great returns if you can lock your money away for a set term. So if you have savings that you don't need access to right now, a Term Deposit could be for you. Interest rates can rise and fall without notice. But once you've invested in one of our term investments (such as a Term Deposit, Monthly Interest Term Investment or Term Saver), you'll have the certainty of your fixed rate throughout its term. 

Term Deposit1 – the easy way to lock in a great return

Choose how long you want to invest for and how much you want to deposit. If you want an income, some terms let you to select how often you want your interest paid out. Or reinvest your interest and watch your deposit steadily grow as you earn interest on your interest. We do the rest.

Minimum deposit: $2,000
Maximum deposit: $1 million
Terms:   30 days to five years
Available interest payments: Generally paid at maturity, although longer terms may let you select other interest payment options 

 

Monthly Interest Term Investment – a Term Deposit that pays monthly interest

If you want a fixed regular income, Monthly Interest Term Investment1 is a great way to manage your lifestyle from month to month. Interest can be paid out or compounded monthly, and you can organise your maturity date to coincide with your future requirements.

Minimum deposit: $20,000
Maximum deposit: $1 million
Terms:   6 months to five years
Available interest payments: Monthly 

 

Term Saver – a 30-day Term Deposit with added flexibility

Term Saver1 is the way to go when you want to lock in a good return, but might have to withdraw some or all of your money at any time. It can be handy when you have the money for a house or a car, but you're still shopping around.

Minimum deposit: $5,000
Maximum deposit: $1 million
Terms: 30 days – automatically rolls over until you say ‘stop'
Available interest payments:   At the end of each term


Interest paid on the amount withdrawn before the term expires will be 1.25% p.a. less than your current Term Saver rate2.

Getting a great Term Deposit rate is easy

Find out how to get one of our great rates online


Rates and fees

  • No establishment or management fees
  • A full range of term investment rates (e.g. Term Deposit, Monthly Interest Term Investment and Term Saver)
  • Negotiated rates may be available for larger deposits
  • You may apply to access your deposit before the end of your maturity date, however a reduced interest rate will be paid on your funds2.
Term Investment Specials
Term Interest rate p.a.^
View rates here
View rates here
View rates here

 

Term Saver Interest Rate
Term Interest rate p.a.^
30 Days* ($5,000 - $1,000,000) View rates here

 

Term Deposit Interest Rates p.a.^
Term $2,000-$4,999 $5,000-$1,000,000
30 - 59 days* View rates here View rates here
60 - 89 days* View rates here View rates here
90 - 119 days* View rates here View rates here
120 - 149 days* View rates here View rates here
150 - 159 days* View rates here View rates here
160 - 179 days* View rates here View rates here
180 - 189 days* View rates here View rates here
190 - 209 days* View rates here View rates here
210 - 239 days* View rates here View rates here
240 - 269 days* View rates here View rates here
270 - 364 days* View rates here View rates here
1 year** View rates here View rates here
18 months** View rates here View rates here
2 years** View rates here View rates here
3 years** View rates here View rates here
4 years** View rates here View rates here
5 years** View rates here View rates here

 

Monthly Interest Term Investment Interest Rates***
  Monthly Interest Term Investment ^ ($20,000 -
$1,000,000)
Term Interest rate p.a.
6 months View rates here
12 months View rates here
18 months View rates here
2 years View rates here
3 years View rates here
4 years View rates here
5 years View rates here

Next steps

Apply online nowFind a store 0800 275 269

Small Print

  1. Rates are subject to change. Account opening criteria apply.  Details, Standard Terms and Conditions, disclosure statement and Investment Statement for Term Investments may also be obtained free at any BNZ store.
  2. Conditions for withdrawals are fully explained in the Investment Statement

* Interest can only be paid at maturity.

** Interest payment options available (quarterly, six monthly, annually and at maturity).

*** Interest is paid monthly.