Supercharge your savings with term deposits

Decide how long you want to put your savings away, lock in one of our rates, then sit back and watch your savings grow.

Grow your savings and reach your goals

Terms that suit you

Choose a term that matches the amount of time you have to invest, from 30 days to 5 years. The minimum deposit for most terms is $2000 to $5000^.

Fixed interest rate

Once you’ve locked in your term, your interest rate won’t change for the length of your investment. 

Options at maturity

When your term deposit ends, you can reinvest in a new term deposit, or have your term deposit and interest earned paid into your bank account.

A few of our great term deposit rates

Looking for a different term? See full range of terms and rates.^

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Manage your term deposit online

It's easy to change what happens to your term deposit when it matures in Internet Banking.

Tax-smart investment alternatives

Term PIE

A fixed-term investment that works like a term deposit. You get the certainty of a fixed rate, with the added benefit of potentially paying less tax.

 

Cash PIE

An investment that works like an on-call account, so you can withdraw your money at any time, but with the benefit of potentially paying less tax.

 

Investments help and support

Small Print

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

  1. Deposits between $2,000 to $4,999 are not available online.  Please visit a store or call 0800 275 269 to apply.

  2. 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.

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 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.