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
240 days
(Approx. 8 months)
Rate is unavailable
1 year
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
A term deposit is easy to understand – you choose how long you want to invest (your term) and you’ll know exactly how much your return will be. You shouldn’t expect to access your money before the maturity date with a term deposit.
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.
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, or change the term or amount of your investment.
Early withdrawals
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 do need your money after investing in a term deposit, you can 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 we agree to let you make an early withdrawal, we’ll reduce your interest rate by —% per annum on the amount you withdraw (your return will not go below 0%).
Fees
There are no fees to open a term deposit, and no monthly account maintenance or management fees. See our Fees and Charges page 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.