Co-operative Bank Term Deposit Rates

Compare the latest Co-operative Bank term deposit interest rates. Updated daily to help you find the best rates from this provider.

Co-operative Bank Current Rates

Term

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

Co-operative Bank term deposit rates in New Zealand

Co-operative Bank offers term deposit rates as part of their customer-focused banking approach, providing competitive returns for New Zealand savers. Compare Co-operative Bank’s current rates and terms, with regular updates to reflect market conditions.

How to read Co-operative Bank’s rates table

Co-operative Bank presents term deposit rates showing annual interest percentages, minimum investment requirements, and available investment periods. The rates table displays credit rating information and various term options, helping you assess investment opportunities based on your financial goals.

Interest payment frequency & compounding

Contact Co-operative Bank for interest payment options and compounding arrangements - New Zealand banks typically provide flexibility in interest payment timing, including monthly, quarterly, semi-annual, annual, or at-maturity options. Your chosen payment schedule may affect overall returns.

Minimum deposits, fees & early withdrawal

Contact Co-operative Bank for minimum deposit requirements and fee structure. Term deposits generally require minimum amounts to establish, with early withdrawal typically subject to penalty conditions.

Early termination of Co-operative Bank term deposits may involve reduced interest rates or forfeiture of earned interest. Contact Co-operative Bank for specific break fees and early access terms. Contact Co-operative Bank for detailed penalty information.

How often rates change & what typically drives changes

Co-operative Bank adjusts term deposit rates influenced by:

Reserve Bank of New Zealand policy decisions and Official Cash Rate changes
New Zealand banking sector competition and market dynamics
Funding costs and Co-operative Bank’s customer-focused strategy
Economic conditions and inflation expectations

As a customer-owned bank, Co-operative Bank may have different rate-setting considerations compared to larger commercial banks.

How Co-operative Bank compares

When evaluating Co-operative Bank against other providers, consider:

Customer ownership model: Benefits of banking with a customer-owned institution
Rate competitiveness: How their rates compare across different investment terms
Personal service approach: Potential advantages of smaller, customer-focused banking
Ethical banking practices: Co-operative Bank’s commitment to responsible banking
Service accessibility: Branch network and digital banking capabilities

Risks & considerations for NZ term deposits

Important factors to consider with New Zealand term deposits:

Rate lock-in effects: Fixed rates provide certainty but may limit benefits from rising interest rate environments.

Inflation considerations: Real returns may be reduced if inflation exceeds deposit interest rates.

Liquidity constraints: Funds remain committed for the agreed period, with penalties typically applying for early withdrawal.

Institutional aspects: Check current New Zealand deposit protection arrangements for Co-operative Bank deposits. understand available regulatory protections.

Alternative investment options: Capital in term deposits cannot be deployed in potentially higher-yielding alternatives during the deposit term.

Frequently asked questions

What makes Co-operative Bank different from other banks for term deposits? Co-operative Bank is customer-owned, which may influence their approach to pricing and customer service compared to shareholder-owned banks.

What happens when my Co-operative Bank term deposit matures? Standard options typically include reinvestment, transfer to another account, or withdrawal. Co-operative Bank should provide advance notice of maturity.

Can I add more money to my existing Co-operative Bank term deposit? Term deposits are generally fixed amounts. Additional investments would require opening separate deposits.

How is interest from Co-operative Bank term deposits taxed? Interest earnings are subject to Resident Withholding Tax deduction based on your prescribed investor rate.

What penalties apply for early withdrawal from Co-operative Bank term deposits? Contact Co-operative Bank for early termination penalty structure - typically involves interest reductions or forfeitures.

Does Co-operative Bank offer better customer service due to their ownership model? Contact Co-operative Bank for specific service advantages of Co-operative Bank’s customer-owned structure. customer-owned banks may prioritise member interests differently.

Are there any membership requirements for Co-operative Bank term deposits? Contact Co-operative Bank for membership or customer requirements for Co-operative Bank products. some co-operative banks have membership criteria.