Term Deposit Interest Rates Nz
- Rates do not qualify for additional bonus interest rates and are not available in conjunction with any other bonus or special interest rate offer. For Advance Notice Term Deposits, this applies to investment terms of 3, 6, 10 and 12 months, as well as all term lengths of greater than 12 months.
- Term Deposit rates apply to the first $5 million of total deposits you hold with Kiwibank. If you are investing more than $5 million, please contact us to discuss rates.The effective rate takes into account the potential tax rate savings relative to interest earned on a direct investment that would otherwise be assessed at the top marginal.
Anz Term Deposit Rates Today
A Term Deposit is a fixed term investment designed for those who want certainty of an interest rate that’s fixed for the duration of the investment term and don’t require their funds on call. No fees are charged for Term Deposits, however we’ll adjust your returns by 3% per annum on the amount you withdraw if we agree to let you make an. The applicable interest rate will be the longest completed term. Minimum deposit $2,000 For deposits of $25,000 or more, interest can be paid monthly For deposits over $50,000 and for longer than 1 year, call us for a quote. Rates are effective as from 01 November 2020. Rates are subject to change without notice. At time of writing, a $100,000 investment on a 12-month term deposit would pay $3,450 at maturity with the maximum interest rate available on Canstar’s database (3.45%), but only $3,000 on the minimum rate (3.00%), a difference of $450, according to Canstar’s latest comparison of term deposit rates.