Term Deposits in New Zealand Safe & Predictable Returns
The most conservative fixed income investment in NZ. Government-protected, guaranteed returns with no market risk.
How Term Deposits Work
A term deposit is a bank investment where you deposit money for a fixed period (term) in exchange for a guaranteed interest rate. Your money is locked away for the agreed term, but you know exactly what you'll earn.
In New Zealand, term deposits are protected by the government deposit guarantee scheme up to $100,000 per bank per depositor. This makes them one of the safest investments available.
Terms typically range from 30 days to 5 years, with longer terms generally offering higher interest rates (though this can vary based on economic conditions).
Key Features
Current Term Deposit Rates
Sample rates from major NZ banks (rates change daily)
| Bank | Term | Rate | Minimum |
|---|---|---|---|
| | 6 months | 5.25% | $10,000 |
| | 12 months | 5.50% | $5,000 |
| | 24 months | 5.00% | $10,000 |
| | 36 months | 4.75% | $5,000 |
Ready to Compare All NZ Term Deposit Rates?
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