Compare term deposit rates
Advertised rates for the 3, 6, 9, 12, 18 and 24-month and 5-year terms, one row per provider, for 8 New Zealand banks. A term a bank does not publish is recorded as not-published, never blank and never 0. These are advertised quotes, not the RBNZ B26 average series, and PIE term investments are a different product with a different tax treatment, so no PIE rate sits in an ordinary rate column.
Read from each issuer's own pages · The oldest figure here was read 17 days ago.The oldest figure here was read 17 days ago. Providers change fees without telling us, so check the provider's page, linked on every row, before acting on it.How we compare 8 of 8 providers
Not checked: we have not read this figure yet. None: the issuer publishes that there is no such fee. Not published: the issuer does not publish this figure. Not offered: the provider does not offer that market or product. * Details and conditions are in the expanded row.
How to choose a term deposit
A term deposit is a fixed rate for a fixed time. The rate is agreed when the deposit is opened and does not move for the term, whichever way market rates go. The columns are the terms a reader chooses between, and the row is the bank, so one bank's rates sit side by side at every term.
The minimum deposit, how often interest is paid and the early withdrawal terms are sentences, not figures, so they travel with the row rather than sitting as columns. A cell reading Not published means the bank lists no such term. It is a checked absence, not a rate of zero.
Three things the rate table hides
Breaking the term is a separate, costed transaction
The rate is agreed for the full term, so an early exit is not a withdrawal on demand. All 8 issuers here allow one only on terms they set — by agreement, on notice, or at their discretion — and each states a reduction, a break fee or lost interest. Those terms sit on the row in the issuer's own words.
The rate applies only at or above the minimum deposit
Minimums here run from $1,000 to $10,000 across these 8 providers. A rate quoted on a large minimum cannot be opened by a balance that does not meet it.
A missing term is not a rate of zero
3 of the 56 rate cells here read Not published, which means the issuer does not list that term, not that it pays nothing. The bank's other terms are unaffected, and the gap is left visible rather than filled.
Common questions
What does Not published mean in a rate cell?
That the issuer's own published table has no such term. It is a checked absence, kept apart from a rate, and never shown as a blank or a zero.
Are PIE term deposits in this table?
No. A PIE term investment is a different product with its own tax treatment and an after-tax return that depends on your PIR, so a PIE headline rate is not comparable with an ordinary one and is not carried here.
Where do these numbers come from?
Each issuer's own published rates page, on the date shown at the top of the table. A rate that is advertised for a limited time is noted on the row.
Does paying you move a bank up the table?
No. Nothing on this page is paid for, and the order is whichever column you sorted on.
Run the numbers
Term deposit calculator
See what a lump sum earns over the term you choose, before tax.