Compare the Best Term Deposit Rates in New Zealand (2026)
Daily-updated term deposit rates from NZ banks and institutions.
Top Term Deposit Rates
Live rates from New Zealand banks and financial institutions
| Bank | Term | Rate |
|---|---|---|
| Westpac | 5 years | 4.40% |
| ASB | 5 Years | 4.30% |
| Westpac | 4 years | 4.30% |
| Rabobank | 5 years | 4.25% |
| ANZ | 5 years | 4.20% |
| Rabobank | 4 years | 4.11% |
| Westpac | 3 years | 4.10% |
| ASB | 4 Years | 4.10% |
| BNZ | 5 years | 4.10% |
| ANZ | 4 years | 4.05% |
Compare Rates by Bank
View current term deposit rates from New Zealand's major banks
Tools & Resources
Everything you need to make informed term deposit decisions
Term Deposits for Everyone
Find the right term deposit for your situation
Seniors & Retirees
Safe, predictable returns for retirement. Government protected deposits with regular income options.
Learn more →Business & Corporate
Maximise returns on company cash reserves. Competitive rates for business deposits.
Learn more →Rate Forecast
Understand where rates are heading. OCR analysis and expert predictions for 2026-2027.
Learn more →Frequently Asked Questions
What are the best term deposit rates in NZ right now?
Up to 4.40% p.a. currently available. Rates vary by bank, term length, and deposit amount. Use our comparison tool to find the best rate for your needs.
Are term deposits safe in New Zealand?
Yes. Deposits at licensed NZ banks are protected up to $100,000 per depositor per institution under the Government Deposit Guarantee Scheme.
What is a PIE term deposit?
A PIE term deposit lets you pay tax at your Prescribed Investor Rate (10.5%-28%) instead of standard RWT, often resulting in tax savings.