Get better returns on your surplus cash

Make your money work harder by locking it away in one of our term deposits.

How our term deposits work

  • Term Deposits can help you earn great returns if you can lock your surplus cash 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 Deposits, you’ll have the certainty of your fixed rate throughout its term.
  • You can ask to withdraw all or part of your term deposit prior to the Maturity Date
    • by telling us 31 days before you want to withdraw; or
    • if you are experiencing hardship (as reasonably determined by us).

If we agree to an early withdrawal for either of the above reasons, you might receive a reduction in the interest paid to you.

Choose a term deposit rate

Choose how long you want to invest for and how you want your interest paid, then sit back and watch your savings grow.1 See all rates.

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Small Print

Neither Bank of New Zealand (BNZ) nor any subsidiary, associate, agent or employee of BNZ guarantee the performance of any investments BNZ may recommend. In recommending any investment, BNZ considers investments issued or managed by BNZ or other members of the National Australia Bank Group as well as investments issued or managed by third parties. Private Bank is a division of BNZ.

A copy of BNZ's current disclosure statement and applicable investment statements in respect of investments available through BNZ may be obtained free of charge from any store or agency of BNZ.

BNZ Authorised Financial Advisers' disclosure statements are available on request and free of charge.

  1. Rates are subject to change. Account opening criteria apply. Details, Standard Terms and Conditions (which include terms and conditions for Term Deposits) may also be obtained free at any BNZ store