Grow savings you don’t need right now with a term deposit

Supercharge your savings by locking them into a term deposit.

Choose a term deposit rate

If you're looking for a different term, or a different investment amount, see full range of terms and rates.^

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Tax-smart investment alternatives

Enjoy tax advantages with Term PIE

A good option if you’re in the 30% or 33% tax bracket because, provided you have notified the correct rate, you won't pay more than 28% tax on your returns.^

More about Term PIE

Get flexible access to your money 

Cash PIE lets you invest as little as $1000 with no fixed term, and have ready access to your funds. ^

More about Cash PIE

Private Bank

Learn about BNZ Private Bank and what we can do for you.

Small Print

Term Deposits rates are available only for the first $5,000,000 of total deposits you hold with BNZ.

  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.

  2. BNZ Cash PIE and BNZ Term PIE are offered and managed by BNZ Investment Services Limited, a wholly owned subsidiary of Bank of New Zealand (BNZ). BNZ Cash PIE and BNZ Term PIE Terms and Conditions pdf 200kb apply. An investment in BNZ Cash PIE or BNZ Term PIE does not represent a deposit or other liability of BNZ or any other member of the National Australia Bank Limited group, and is subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of BNZ, any other member of the National Australia Bank Limited group, or any other person guarantees (either partially or fully) the capital value or performance of the investment.