Reach your savings goals with a term deposit

Earn a fixed interest rate on your savings by putting them into a term deposit. Just decide how long you want to put your savings away, then sit back and watch them grow.

Lock in a great term deposit rate

We have a range of terms available, from 30 days to 5 years. See all terms and rates.^

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Choose a simple investment that reaps rewards

A term deposit is a great option if you have $5,000 or more to invest. You could earn more interest on your savings than you would in a savings account, plus:

  • Choose a term that suits you, from 30 days to five years, so you can fit your investment around your savings goals.
  • Your interest rate is fixed for the length of your term, so your savings won’t be affected by changes in the market.
  • Your money is locked away for the length of your term, so you won’t be tempted to dip in to your savings until you need them.
  • No establishment or management fees.
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Earn a regular income or reinvest your interest

Depending on the type of term deposit you choose, your interest could be paid out regularly or added to your investment for compound growth. Otherwise, you could have it paid out at maturity or reinvested into a new term deposit.

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Open a term deposit in Internet Banking

Opening a term deposit in Internet Banking is the easiest way to get started. Just log in, select "Apply Now" from the menu, click on "Open a term deposit" and fill in your details. You'll be able to see your new term deposit in Internet Banking within a few days.

Log in to Internet Banking 

Register for Internet Banking

Investment 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. 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.