Kiwibank Term Deposit Rates
Compare the latest Kiwibank term deposit interest rates. Updated daily to help you find the best rates from this provider.
Kiwibank 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
Kiwibank term deposit rates in New Zealand
Kiwibank, New Zealand’s locally-owned bank, offers competitive term deposit rates for Kiwi savers seeking secure returns on their investments. Compare Kiwibank’s current rates and terms, updated regularly to reflect the latest market conditions.
How to read Kiwibank’s rates table
Kiwibank displays term deposit information showing annual interest rates, minimum deposit requirements, and available investment periods. The rates table includes credit rating details and various term lengths, helping you evaluate investment opportunities aligned with your financial objectives.
Interest payment frequency & compounding
Contact Kiwibank for interest payment schedules and compounding options - New Zealand banks typically offer flexible payment arrangements including monthly, quarterly, half-yearly, annual, or at-maturity options. Payment timing can influence your overall investment returns.
Minimum deposits, fees & early withdrawal
Contact Kiwibank for minimum deposit amounts and any associated fees. Term deposits typically require minimum investment levels, with early withdrawal usually subject to penalty provisions.
Breaking Kiwibank term deposits before maturity may result in reduced interest rates or loss of accrued interest. Contact Kiwibank for specific break fees and early termination conditions. Contact Kiwibank for detailed penalty structures.
How often rates change & what typically drives changes
Kiwibank adjusts term deposit rates based on:
- RBNZ Official Cash Rate changes and monetary policy direction
- Competition within New Zealand’s banking sector
- Kiwibank’s commitment to competitive pricing for New Zealand customers
- Economic conditions and domestic market factors
As New Zealand’s locally-owned bank, Kiwibank may have different strategic considerations in their rate-setting approach.
How Kiwibank compares
When comparing Kiwibank with other New Zealand providers, consider:
- Local ownership: Benefits of banking with New Zealand’s locally-owned bank
- Rate competitiveness: How their rates position across different investment terms
- Customer focus: Kiwibank’s commitment to New Zealand customers
- Service integration: Potential benefits from Post Shop partnerships and accessibility
- Digital capabilities: Online banking features and mobile app functionality
Risks & considerations for NZ term deposits
Key considerations for New Zealand term deposit investments:
Interest rate environment: Fixed rates provide certainty but may prevent benefiting from rate increases during your investment period.
Inflation impact: If inflation exceeds deposit rates, the real value of your returns may decline over time.
Liquidity restrictions: Funds remain locked for the agreed term, with penalties typically applying for early withdrawal.
Institutional considerations: Check current New Zealand deposit protection arrangements for Kiwibank deposits. understand regulatory protections available.
Alternative opportunities: Money committed to term deposits cannot be invested in potentially higher-returning alternatives during the deposit term.
Frequently asked questions
What makes Kiwibank different from other banks for term deposits? Kiwibank is New Zealand’s locally-owned bank, which may influence their approach to customer service and competitive positioning compared to foreign-owned banks.
What happens when my Kiwibank term deposit reaches maturity? You typically have options to reinvest, transfer to another account, or withdraw funds. Kiwibank should notify you before maturity to discuss preferences.
Can I add funds to my existing Kiwibank term deposit? Term deposits are generally fixed amounts. Additional investments would require opening new, separate deposits.
How is my Kiwibank term deposit interest taxed in New Zealand? Interest earnings are subject to Resident Withholding Tax deduction based on your prescribed investor rate.
What are the costs if I need to break my Kiwibank term deposit early? Contact Kiwibank for early withdrawal penalty structure - typically involves reduced interest or forfeiture of accrued earnings.
Can I manage my Kiwibank term deposit through Post Shops? Contact Kiwibank for Post Shop services available for Kiwibank term deposit customers. Kiwibank has partnerships with New Zealand Post for banking services.
Does Kiwibank offer better rates to support New Zealand savers? Rate competitiveness varies by market conditions and term. Compare current rates across providers to assess Kiwibank’s positioning.