ICBC Term Deposit Rates
Compare the latest ICBC term deposit interest rates. Updated daily to help you find the best rates from this provider.
ICBC 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
ICBC term deposit rates in New Zealand
Industrial and Commercial Bank of China (ICBC) New Zealand offers term deposit rates as part of their comprehensive banking services for New Zealand customers. Compare ICBC’s current rates and investment terms, with updates reflecting the latest market conditions.
How to read ICBC’s rates table
ICBC presents term deposit rates displaying annual interest percentages, minimum investment requirements, and available investment periods. The rates table includes credit rating information and various term options to help you make informed investment decisions based on your financial goals.
Interest payment frequency & compounding
Contact ICBC about NZ’s interest payment options and compounding arrangements - banks typically provide payment flexibility including monthly, quarterly, semi-annual, annual, or maturity payment schedules. Your chosen payment frequency may affect overall returns.
Minimum deposits, fees & early withdrawal
Contact ICBC for minimum deposit requirements and fee structure in New Zealand. Term deposits generally require minimum amounts to establish, with early termination typically subject to penalty conditions.
Early withdrawal from ICBC term deposits may involve reduced interest rates or forfeiture of accrued interest. Contact ICBC for specific break fees and early access terms. Contact ICBC for detailed penalty information.
How often rates change & what typically drives changes
ICBC adjusts term deposit rates influenced by:
- Reserve Bank of New Zealand monetary policy decisions
- New Zealand banking sector competition and funding costs
- International economic conditions and global interest rate trends
- ICBC’s strategic positioning within the New Zealand market
Rate adjustments may occur regularly based on evolving market conditions.
How ICBC compares
When evaluating ICBC against other New Zealand providers, examine:
- Rate competitiveness: How their rates position across different investment terms
- International banking advantages: Benefits from ICBC’s global network and presence
- Service specialisation: Any unique offerings for specific customer segments
- Digital and branch services: Access to banking facilities and online capabilities
- Regulatory compliance: Standing within New Zealand’s banking regulatory framework
Risks & considerations for NZ term deposits
Important factors to consider with New Zealand term deposits:
Rate environment risks: Fixed rates provide stability 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 access.
Institutional aspects: Check current New Zealand deposit protection arrangements for ICBC deposits. understand available regulatory protections.
Alternative investment opportunities: Capital in term deposits cannot be deployed in potentially higher-yielding investment alternatives.
Frequently asked questions
What are my options when my ICBC term deposit matures? Standard options typically include reinvestment, transfer to another account, or withdrawal. ICBC should provide advance notice of maturity.
Can I add more money to my existing ICBC term deposit? Term deposits are generally fixed amounts. Additional investments would require opening separate deposits.
How is interest from ICBC term deposits taxed in New Zealand? Interest earnings are subject to Resident Withholding Tax deduction based on your prescribed investor rate.
What penalties apply if I break my ICBC term deposit early? Contact ICBC for early withdrawal penalty structure - typically involves interest reductions or forfeitures.
Does ICBC offer any special services for customers with Chinese business connections? ICBC may offer benefits or services for customers with China business or personal ties. international banks may provide specialised cross-border banking services.
Are there multi-currency term deposit options available with ICBC? Contact ICBC for currency options for ICBC term deposits in New Zealand. some international banks offer foreign currency deposit products.
What regulatory oversight applies to ICBC’s New Zealand operations? ICBC’s NZ operations are subject to Reserve Bank of New Zealand regulation and New Zealand banking laws.