ANZ Term Deposit Rates
Compare the latest ANZ term deposit (fixed deposit) interest rates, updated daily. Estimate your returns with our term deposit calculator or see how ANZ stacks up against every major NZ bank.
ANZ Rates
| Product Details | 1 month ↕ | 3 months ↕ | 4 months ↕ | 5 months ↕ | 6 months ↕ | 9 months ↕ | 12 mths ↕ | 18 mths ↕ | 2 years ↕ | 3 years ↕ | 4 years ↕ | 5 years ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 ANZ Rating: AA- Min Deposit: $10,000 | 1.80% | 2.90% | 3.00% | 3.20% | 3.45% | 3.55% | 3.70% | 3.90% | 4.00% | 4.40% | 4.60% | 4.70% |
Last updated: July 05, 2026 at 06:29 AM
ANZ term deposit rates in New Zealand
ANZ Bank New Zealand is the largest bank in the country by total assets and one of the long-established “big four” banks that dominate Kiwi retail banking. As a full-service retail and business bank, ANZ offers everyday accounts, lending, KiwiSaver and a full range of term deposits, backed by one of the most extensive nationwide branch and ATM networks in New Zealand. ANZ NZ is part of the wider ANZ Group, headquartered in Australia. Compare ANZ against every other major NZ bank to see how its returns line up before you commit. The rates table above is refreshed daily so you’re working from current figures.
Who ANZ is
ANZ’s scale is its defining feature. With more customers and assets than any other New Zealand bank, it tends to be a benchmark that smaller institutions price against. That size brings a deep branch footprint, a mature digital banking platform and the resources of a major trans-Tasman group. For term-deposit savers, this usually translates into a broad menu of terms and the convenience of managing a fixed deposit alongside your existing ANZ accounts.
How to read ANZ’s rates table
Each row in the table above shows the term length, the advertised annual interest rate, and the minimum deposit ANZ requires to open that fixed-term deposit. Rates generally differ by term, so a 6-month rate will rarely match an 18-month or 5-year rate. Scan down the column to find the term that matches your savings horizon, then check the published credit rating shown for ANZ to gauge institutional strength. For the exact minimum deposit and the precise rating, rely on the table or confirm directly with ANZ.
Interest payment and compounding options
ANZ typically lets you choose how interest is paid — commonly monthly, quarterly, half-yearly, annually, or in a single payment at maturity. More frequent payments suit savers wanting regular income; leaving interest to compound can lift the effective return over longer terms. Available frequencies can vary by term and product, so confirm current options with ANZ.
Minimum deposits and early withdrawal
ANZ sets a minimum amount to open a term deposit, and the threshold can differ between products. Funds are intended to stay invested for the agreed term. Breaking a deposit early is usually possible but generally reduces the interest you earn and may attract a break adjustment or fee. Because these terms change, check the current minimum and any early-withdrawal conditions with ANZ before you lock funds away.
What drives ANZ’s rate changes
ANZ reviews its rates regularly in response to the same forces that move the wider market: the Reserve Bank of New Zealand’s Official Cash Rate decisions, competition among the major banks, bank funding and wholesale borrowing costs, and the inflation and economic outlook. As the largest bank, ANZ’s moves are widely watched and can influence where the rest of the market settles.
How ANZ compares
ANZ’s appeal is often its scale, accessibility and stability rather than market-leading rates — smaller banks sometimes advertise higher headline returns to attract deposits. Weigh ANZ’s rate for your chosen term against branch access, digital tools and financial strength. Use our term deposit calculator to estimate returns across different terms, and if you’re a retiree or nearing retirement, see our guide to term deposit rates for seniors.
Risks and considerations
Term deposits are relatively low-risk, but trade-offs remain. Locking in a fixed rate means you miss out if rates rise during your term, and inflation can erode the real value of your return. Your money is tied up for the term, with penalties for early access. Understand the depositor protections that apply in New Zealand and check current arrangements with the Reserve Bank of New Zealand. None of this is financial advice — always verify current rates and terms with ANZ before investing.
ANZ Term Deposit FAQs
What are the current ANZ term deposit rates?
The ANZ term deposit interest rates shown above are refreshed daily from published market data so you can compare them at a glance. Rates change frequently, so confirm the current rate and any conditions directly with ANZ before investing.
Does ANZ offer special term deposit rates for seniors?
Some New Zealand banks promote term deposit rates aimed at seniors or retirees, while others apply the same rates to all customers. The rates listed here are the standard published rates — contact ANZ to ask about any seniors, retiree or over-65 offers and eligibility.
Is a ANZ term deposit the same as a fixed deposit?
Yes. A term deposit is also called a fixed deposit or fixed-term deposit — money is locked in for a set period at a fixed interest rate. ANZ uses the term "term deposit", but the product works the same way as a fixed deposit.
What is the minimum deposit for a ANZ term deposit?
Minimum deposit requirements vary by product and term. Where a minimum is published it appears in the rates table above. Confirm the current minimum (and any maximum) directly with ANZ.
How is interest paid on a ANZ term deposit?
Most New Zealand banks let you choose when interest is paid — monthly, quarterly, annually, or at maturity — and some offer compounding. The frequency you choose can affect your overall return. Check the options ANZ offers for your chosen term.
What happens if I break a ANZ term deposit early?
Term deposits are designed to be held to maturity. Withdrawing early usually means a reduced interest rate, loss of accrued interest, and sometimes a notice period or fee. Ask ANZ for its current early-withdrawal conditions before you commit.
How is ANZ term deposit interest taxed in New Zealand?
Interest is taxable income. ANZ deducts Resident Withholding Tax (RWT) at the rate tied to your IRD number; PIE term deposits are instead taxed at your Prescribed Investor Rate (capped at 28%). Give the bank your correct tax details and consult IRD or a tax adviser for your situation.