Term deposits

Choose from terms of 30 days to five years and enjoy no establishment or management fees.

Choose a great 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^

See all our term deposit rates

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Your term deposit options

Term Deposit

The easy way to lock in a great return

Choose how long you want to invest for and how much you want to deposit. If you want an income, some terms let you select how often you want your interest paid out. Or reinvest your interest and watch your deposit steadily grow as you earn interest on your interest. We do the rest.

Minimum deposit: $2,000
Maximum deposit: $1 million
Terms:   30 days to five years
Available interest payments: Generally paid at maturity, although longer terms may let you select other interest payment options

Monthly Interest Term Investment

A Term Deposit that pays monthly interest

If you want a fixed regular income, Monthly Interest Term Investment^ is a great way to manage your lifestyle from month to month. Interest can be paid out or compounded monthly.

Minimum deposit: $20,000
Maximum deposit: $1 million
Terms:   6 months to five years
Available interest payments: Monthly 

Rates 

Investments help and support

Small Print

  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. Telephone banking is available to sole signatory customers only. Usual account and service fees will apply. 

  3. For the month that an account is opened, the opening balance is nil. In order to qualify for bonus interest, a deposit must be made to the account at any time before the end of that month. Bonus criteria regarding one withdrawal a month still applies. A withdrawal includes transferring your money from your Rapid Save account to one of your other BNZ accounts.

  4. $5 withdrawal fee applies per withdrawal for all subsequent withdrawals per month.  A withdrawal includes transferring your money from your Rapid Save account to one of your other BNZ accounts.

* Interest can only be paid at maturity.

** Interest payment options available (quarterly, six monthly, annually and at maturity).

*** Interest is paid monthly.