ANZ Term Deposits
Grow your savings with an investment that gives you a fixed return, for a term you choose (minimum investment $10,000).
Benefits
Term deposit rates
Rate is unavailable
180 days
(Approx. 6 months)
Rate is unavailable
1 year
Rate is unavailable
18 months
Rates are effective as of — and subject to change. Minimum investment $10,000.
Rates apply up to the first $5,000,000 held in all ANZ Term Deposits and are only available to Personal and Business customers. For all other rates, please contact us.
Interest frequency | Compounding interest | Rate | |
|---|---|---|---|
30 days | At maturity | - | —% p.a. |
60 days | At maturity | - | —% p.a. |
90 days | At maturity | - | —% p.a. |
120 days | At maturity | - | —% p.a. |
150 days | At maturity | - | —% p.a. |
180 days | Monthly, quarterly, or at maturity | Quarterly | —% p.a. |
210 days | Monthly, quarterly, six monthly or at maturity | Quarterly, six monthly | —% p.a. |
240 days | Monthly, quarterly, six monthly or at maturity | Quarterly, six monthly | —% p.a. |
270 days | Monthly, quarterly, six monthly or at maturity | Quarterly, six monthly | —% p.a. |
1 year | Monthly, quarterly, six monthly or at maturity | Quarterly, six monthly | —% p.a. |
18 months | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. |
2 years | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. |
3 years | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. |
4 years | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. |
5 years | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. |
How term deposits work
Invest money for a certain amount of time (the term) and know exactly how much the interest paid on your investment (your return) will be.
You shouldn’t expect access to your money before the end date (maturity date) of the term deposit.
When your term ends
When you open a term deposit, the maturity instructions you choose specify what happens to the amount you’ve invested (the principal) and the interest earned when your term deposit comes to an end.
Your investment
You can choose to have the interest reinvested (compounding interest), transferred into an ANZ account, or another New Zealand bank account.
Your interest
For terms of 180 days or more, interest can be paid at regular intervals (monthly, quarterly, six monthly, annually or at maturity), at the end of the term or reinvested (quarterly, six monthly or annually) – it’s your choice. Other terms are paid or reinvested at maturity.
Change maturity instructions
To change your maturity instructions in Internet Banking, select the term deposit then select Change maturity instructions.
You can also change your instructions by contacting us.
7 day ‘cooling off’ period
For Personal and Business customers there is a 7 calendar day 'cooling-off' period starting on the day that we open or reinvest your term deposit for you.
During this time you can cancel your term deposit, change the term or change the amount of your investment.
If you cancel your term deposit in this period, we won’t pay you any interest that you may have earned during that period. If you change the term or amount of your investment, a different interest rate may apply.
You’ll still need to meet any minimum or maximum deposit amounts we’ve set.
Early withdrawal from a term deposit
Your investment is locked in until the end of your term to help you save and protect you from changes in interest rates.
If you’re not in the ‘cooling-off period’ you can only request an early withdrawal:
- By giving us 31 days’ notice
- Or if you're suffering from financial hardship as reasonably determined by us (businesses with total ANZ deposits of $2m or more will not qualify for early withdrawal on the grounds of hardship).
If you make an early withdrawal, we’ll reduce your interest rate on the amount you withdraw (your return will not go below 0%). For an example of the early withdrawal rate reduction calculation, see Term deposits and term investments rates and fees.
To request an early withdrawal, contact us.
Fees
There are no fees to open a term deposit, and no monthly account maintenance or management fees. See Term deposits and term investments rates and fees for more information.
Need more information?
Download our ANZ Term Deposit brochure:
Apply using our online form
How to apply
From overseas: +64 4 470 3142
Other investment options
Other savings accounts
Important information
A copy of the General Terms and Conditions is available from any ANZ branch.
Term deposits with ANZ are not deposits or liabilities of Australia and New Zealand Banking Group Limited. Australia and New Zealand Banking Group Limited does not stand behind or guarantee ANZ Bank New Zealand Limited.
Australian Prudential Regulatory Authority (APRA) regulates all Authorised Deposit Taking Institutions (ADI) in Australia. Australia and New Zealand Banking Group Limited is an ADI however ANZ Bank New Zealand Limited is not an ADI.
Cooling-off period: You have a 7 calendar day ‘cooling-off’ period starting on the day that we open or reinvest your term investment for you. During this time you can cancel, or change the term or amount of your investment. If you cancel your ANZ PIE Fund term investment during your cooling-off period, we won’t pay you any return you may have earned during that period. If you change the term or amount of your investment during your cooling-off period, a different rate of return may apply.
Breaking a term investment: Your funds are invested for a fixed term and there are access restrictions during the term of your investment. You can request an early withdrawal from your investment, but we don’t have to agree to let you withdraw your money early. Early withdrawals may be permitted if you give us 31 days’ notice or if you’re suffering from hardship (businesses with total ANZ deposits of $2m or more will not qualify for early withdrawal on the grounds of hardship) as reasonably determined by us. If you make an early withdrawal, we’ll reduce the return payable on the money you withdraw.
Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.