BNZ Term Deposit Rates
Compare the latest BNZ term deposit interest rates. Updated daily to help you find the best rates from this provider.
BNZ Current Rates
| Term ↕ | Interest Rate ↕ | Credit Rating ↕ | Min Deposit ↕ | |
|---|---|---|---|---|
|
ANZ
|
12 mths | 3.80% | AA- | $10,000 |
|
ANZ
|
18 mths | 3.80% | AA- | $10,000 |
|
ANZ
|
2 years | 3.90% | AA- | $10,000 |
|
ANZ
|
3 years | 4.00% | AA- | $10,000 |
|
ANZ
|
4 years | 4.10% | AA- | $10,000 |
|
ANZ
|
5 years | 4.15% | AA- | $10,000 |
|
ASB
|
12 mths | 3.85% | AA- | $5,000 |
|
ASB
|
18 mths | 3.85% | AA- | $5,000 |
|
ASB
|
2 years | 3.90% | AA- | $5,000 |
|
ASB
|
3 years | 4.05% | AA- | $5,000 |
|
ASB
|
4 years | 4.20% | AA- | $5,000 |
|
ASB
|
5 years | 4.25% | AA- | $5,000 |
|
BNZ
|
12 mths | 3.85% | AA- | $2,000 |
|
BNZ
|
18 mths | 3.85% | AA- | $2,000 |
|
BNZ
|
2 years | 3.90% | AA- | $2,000 |
|
BNZ
|
3 years | 4.00% | AA- | $2,000 |
|
BNZ
|
4 years | 4.10% | AA- | $2,000 |
|
BNZ
|
5 years | 4.20% | AA- | $2,000 |
|
Bank of Baroda
|
12 mths | 3.95% | BBB- | $1,000 |
|
Bank of Baroda
|
18 mths | 3.90% | BBB- | $1,000 |
|
Bank of Baroda
|
2 years | 3.90% | BBB- | $1,000 |
|
Bank of Baroda
|
3 years | 3.85% | BBB- | $1,000 |
|
Bank of Baroda
|
4 years | 3.75% | BBB- | $1,000 |
|
Bank of Baroda
|
5 years | 3.75% | BBB- | $1,000 |
|
Bank of China
|
12 mths | 3.95% | A | $100,000 |
|
Bank of China
|
18 mths | 3.95% | A | $100,000 |
|
Bank of China
|
2 years | 4.05% | A | $100,000 |
|
Bank of China
|
3 years | 4.10% | A | $100,000 |
|
Bank of China
|
4 years | 4.20% | A | $100,000 |
|
Bank of China
|
5 years | 4.20% | A | $100,000 |
|
Bank of India
|
12 mths | 3.90% | BB+ | $5,000 |
|
Bank of India
|
18 mths | 3.95% | BB+ | $5,000 |
|
Bank of India
|
2 years | 4.00% | BB+ | $5,000 |
|
Bank of India
|
3 years | 4.05% | BB+ | $5,000 |
|
Bank of India
|
4 years | 4.10% | BB+ | $5,000 |
|
Bank of India
|
5 years | 4.10% | BB+ | $5,000 |
|
China Construction Bank
|
12 mths | 3.70% | A | $100,000 |
|
China Construction Bank
|
18 mths | 3.75% | A | $100,000 |
|
China Construction Bank
|
2 years | 3.85% | A | $100,000 |
|
China Construction Bank
|
3 years | 3.90% | A | $100,000 |
|
China Construction Bank
|
4 years | 4.00% | A | $100,000 |
|
China Construction Bank
|
5 years | 4.10% | A | $100,000 |
|
Co-operative Bank
|
12 mths | 3.75% | BBB+ | $2,000 |
|
Co-operative Bank
|
18 mths | 3.90% | BBB+ | $2,000 |
|
Co-operative Bank
|
2 years | 4.00% | BBB+ | $2,000 |
|
Co-operative Bank
|
3 years | 4.10% | BBB+ | $2,000 |
|
Co-operative Bank
|
4 years | 4.20% | BBB+ | $2,000 |
|
Heartland Bank
|
12 mths | 3.85% | BBB | $1,000 |
|
Heartland Bank
|
18 mths | 3.90% | BBB | $1,000 |
|
Heartland Bank
|
2 years | 4.00% | BBB | $1,000 |
|
Heartland Bank
|
3 years | 4.15% | BBB | $1,000 |
|
Heartland Bank
|
4 years | 4.25% | BBB | $1,000 |
|
Heartland Bank
|
5 years | 4.35% | BBB | $1,000 |
|
ICBC
|
12 mths | 3.85% | A | $5,000 |
|
ICBC
|
18 mths | 3.85% | A | $5,000 |
|
ICBC
|
2 years | 3.95% | A | $5,000 |
|
ICBC
|
3 years | 4.00% | A | $5,000 |
|
ICBC
|
4 years | 4.15% | A | $5,000 |
|
ICBC
|
5 years | 4.15% | A | $5,000 |
|
Kiwibank
|
12 mths | 3.80% | A1 | $1,000 |
|
Kiwibank
|
2 years | 3.90% | A1 | $1,000 |
|
Kiwibank
|
3 years | 4.00% | A1 | $1,000 |
|
Kiwibank
|
4 years | 4.10% | A1 | $1,000 |
|
Kiwibank
|
5 years | 4.20% | A1 | $1,000 |
|
Rabobank
|
12 mths | 3.90% | A | $1,000 |
|
Rabobank
|
18 mths | 3.95% | A | $1,000 |
|
Rabobank
|
2 years | 3.90% | A | $1,000 |
|
Rabobank
|
3 years | 4.00% | A | $1,000 |
|
Rabobank
|
4 years | 4.15% | A | $1,000 |
|
Rabobank
|
5 years | 4.20% | A | $1,000 |
|
SBS Bank.
|
12 mths | 3.85% | BBB | $1,000 |
|
SBS Bank.
|
18 mths | 3.90% | BBB | $1,000 |
|
SBS Bank.
|
2 years | 3.95% | BBB | $1,000 |
|
SBS Bank.
|
3 years | 4.00% | BBB | $1,000 |
|
TSB Bank
|
12 mths | 3.85% | BBB+ | $1,000 |
|
TSB Bank
|
18 mths | 3.90% | BBB+ | $1,000 |
|
TSB Bank
|
2 years | 4.00% | BBB+ | $1,000 |
|
TSB Bank
|
3 years | 4.10% | BBB+ | $1,000 |
|
TSB Bank
|
4 years | 4.20% | BBB+ | $1,000 |
|
TSB Bank
|
5 years | 4.20% | BBB+ | $1,000 |
|
Westpac
|
12 mths | 3.80% | AA- | $5,000 |
|
Westpac
|
18 mths | 3.90% | AA- | $5,000 |
|
Westpac
|
2 years | 4.00% | AA- | $5,000 |
|
Westpac
|
3 years | 4.10% | AA- | $5,000 |
|
Westpac
|
4 years | 4.10% | AA- | $5,000 |
|
Westpac
|
5 years | 4.10% | AA- | $5,000 |
Last updated: August 07, 2025 at 05:40 AM
BNZ term deposit rates in New Zealand
Bank of New Zealand (BNZ) offers a comprehensive range of term deposit rates for savers seeking predictable returns on their investments. Compare BNZ’s latest rates and investment terms, updated daily to reflect current market conditions.
How to read BNZ’s rates table
BNZ displays term deposit information showing annual interest rates, minimum deposit requirements, and investment periods. The table includes credit rating details and various term options, from short-term deposits to longer-term investments spanning several years.
Interest payment frequency & compounding
Contact BNZ for interest payment schedules and compounding options - most New Zealand banks provide flexible interest payment arrangements including monthly, quarterly, half-yearly, annual, or at-maturity options. The timing of payments can affect your overall return.
Minimum deposits, fees & early withdrawal
Contact BNZ for current minimum deposit thresholds and any associated charges. Term deposits typically require minimum investment amounts, and breaking deposits before maturity usually involves penalties.
BNZ’s early withdrawal conditions may include interest rate reductions or loss of accrued interest. Contact BNZ for break fees and early access terms. Contact BNZ directly for current penalty structures.
How often rates change & what typically drives changes
BNZ adjusts their term deposit rates based on several market factors:
- Changes to the RBNZ Official Cash Rate
- Banking sector competition and funding costs
- New Zealand and global economic conditions
- Inflation expectations and monetary policy outlook
BNZ, like other major banks, may update rates frequently in response to changing market conditions.
How BNZ compares
When comparing BNZ with other New Zealand banks, consider:
- Rate competitiveness: How BNZ’s offers stack up across different investment terms
- Product range: Variety of terms and minimum deposit options available
- Banking relationship: Existing customer benefits and integrated banking services
- Network access: Branch and ATM availability for your needs
- Financial stability: Institution credit ratings and market position
Risks & considerations for NZ term deposits
Important considerations for any New Zealand term deposit:
Interest rate environment risk: Locking in rates means missing potential increases but also protection from decreases during your investment period.
Purchasing power risk: Inflation may erode the real value of your returns if it exceeds your deposit rate.
Liquidity constraints: Funds remain committed for the full term, with penalties typically applying for early withdrawal.
Counterparty risk: Contact BNZ for current New Zealand deposit insurance or guarantee arrangements. understand the protection available for your investment.
Opportunity costs: Money in term deposits cannot be allocated to potentially higher-returning investment alternatives.
Frequently asked questions
What happens when my BNZ term deposit reaches maturity? BNZ will typically contact you before maturity with options to reinvest, transfer funds, or withdraw. You can usually specify your preference in advance.
Can I add more money to my existing BNZ term deposit? Term deposits are generally fixed amounts. Additional investments would require opening new, separate deposits.
How is my BNZ term deposit interest taxed in New Zealand? Interest earnings are subject to Resident Withholding Tax deducted at your prescribed investor rate. Ensure BNZ has your correct PIR information.
What are the costs if I need to break my BNZ term deposit early? Early withdrawal typically results in interest penalties or forfeiture. Contact BNZ for current break fee structure.
How often might BNZ change their term deposit rates? Rate adjustments can occur regularly, sometimes daily, depending on market conditions and competitive factors.
Does BNZ offer different rates for larger deposits? Contact BNZ for tiered rate structure for different deposit amounts - some banks offer preferential rates for larger investments.
Can I set up automatic reinvestment for my BNZ term deposit? Many banks offer automatic rollover options. Check with BNZ about setting up automatic reinvestment at maturity.