Changes to term deposit early withdrawals
If you’d like an early withdrawal from your term deposit, you must now give us 31 days’ notice prior to the date you wish to break the deposit, unless you are experiencing hardship.
If we agree to an early withdrawal from your term deposit, you might receive a reduction in the interest paid to you (as currently occurs).
If you have any questions about this change, please call us on 0800 275 269 or visit a BNZ branch.
A range of terms with competitive interest rates
- BNZ foreign currency term investments are available from seven to 180 days
- Minimum balances apply
- Your foreign currency is held in New Zealand, not overseas
- Interest is calculated daily and paid at the end of the term.
Flexible options at the end of your term
- Add to your funds and reinvest
- Reinvest for the same term or choose a different one
- Withdraw some currency and reinvest the rest
- Withdraw the full amount.
Early withdrawals
You can ask to withdraw all or part of your Foreign currency term deposit prior to the Maturity Date;
(a) by telling us 31 days’ before you want to withdraw; or
(b) if you are experiencing hardship (as reasonably determined by us).
If we agree to an early withdrawal for either of the above reasons, an adjustment of interest earned may apply.
If you have any questions about this change, please call us on 0800 275 269 or visit a BNZ branch.
