Best 6 Month Term Deposit Rates in New Zealand
Compare 6 month term deposit (fixed deposit) rates from every major NZ bank, ranked highest first. Updated daily — a popular term for short-term savings goals.
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Updated: 15 Jun 2026, 06:49 AM
6 Month Term Deposit Rates
| Bank Details | 6 months ↕ |
|---|---|
| | 3.45% |
| | 3.45% |
| | 3.45% |
| | 3.50% |
| | ⭐ 3.60% Top Rate |
| | 3.65% |
| | 3.45% |
| | 3.20% |
| | 3.50% |
| | 3.50% |
| | ⭐ 3.60% Top Rate |
| | 3.45% |
| | 🏆 3.65% Best Rate |
| | 3.45% |
| | 3.45% |
| | 3.45% |
Last updated: June 15, 2026 at 06:49 AM
6 Month Term Deposits: Short Commitment, Competitive Returns
The 6 month term deposit is one of New Zealand's most popular terms — long enough to earn a competitive fixed rate, short enough that your money isn't tied up for years. As of June 2026, 6-month rates from the banks we track range from 3.20% to 3.65%.
When a 6 month term makes sense
A 6-month deposit suits money you'll want back within the year — a near-term purchase, a buffer between investments, or savings you want to keep relatively flexible while still beating an everyday savings account. Because the term is short, you can re-price your money sooner if rates are rising.
6 month vs 12 month rates
Whether 6-month rates beat 12-month rates depends on the rate cycle. When rates are expected to fall, banks often pay more for longer terms; when rates are rising, shorter terms can be more attractive. Compare both, and see the full short-term range before deciding.
Use our term deposit calculator to estimate exactly what a 6-month deposit would earn at today's rates.
6 Month Term Deposit FAQs
Which bank has the best 6-month term deposit rate?
The leading 6-month rate moves between banks over time. The table above shows current 6-month term deposit (fixed deposit) rates across major New Zealand banks, ranked so you can spot the best available rate, then confirm it with the bank.
Is a 6-month term deposit right for me?
A 6-month term is a popular middle ground — long enough to earn a competitive fixed rate, short enough that your money isn't locked away for years. It suits a specific savings goal or money you won't need until around then.
What happens at the end of a 6-month term deposit?
At maturity you can withdraw the funds, reinvest at the current rate, or roll over the principal and take the interest. Banks differ on automatic rollover and grace periods, so set your instructions before maturity.