Term deposits

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

Choose a 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 grow1See all 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 Investment1 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

If you need some help call 0800 275 269

Small Print

  1. Rates are subject to change without notice. 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.

* Interest can only be paid at maturity.

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

*** Interest is paid monthly.