Popular rates & terms
Interim interest
For terms longer than a year, you can choose to have your interest paid out as a lump sum at the end of your term or paid monthly, quarterly, six-monthly or annually into your bank account. A great way to generate regular return from your investment.
Interest rates are subject to change. The above rates are valid for investments of $10,000 to $5 million. If you're investing more than $5 million, please contact us for rates.
How Term Deposits work
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Fixed interest rate for a fixed term
Enjoy a fixed return on terms ranging from 30 days to five years. Your interest rate is fixed for the length of the term you choose.
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What it costs
There are no set up or monthly fees on our Term Deposits.
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Interest options
You can opt to have interest paid out monthly, quarterly, six-monthly, annually or, for terms of longer than one year, at maturity.
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Breaking a Term Deposit
We have a simple break policy – just give us a call on 0800 601 601 or visit us in branch. You'll have an interest penalty applied if you withdraw your money early.
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Investment option
Invest from $1,000 to $5 million (you can invest more than $5 million, but you’ll need to contact us to discuss rates).
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When your term is up
You can set up your Term Deposit so when the term is up your original deposit and the interest you’ve earned is automatically reinvested, or you can have it all paid out into your chosen bank account. You can change your instructions about what you want to do during the term if you need to.
Talk to us
If you're keen to open a Term Deposit for your business, get in touch with our business banking team and they'll get it sorted.
Find a business banking specialist
Find a business banking specialist in your area. Request a call back, or call them directly.
Find a business bankerCall us
Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.
Mon – Fri: 8am – 5pm.
Is a Term Deposit right for you?
A Term Deposit offers a fixed return for a set period. However you should consider if your business is likely to need the money before the maturity date as break penalties may apply. If you think you'll need the money early, one of our other savings accounts may be more suitable.
Other options you might be interested in
Standard terms and conditions
Interest rates are subject to change.
Units in the Kiwibank PIE Term Deposit Fund are distributed by Kiwibank Limited and are issued by Kiwibank Investment Management Limited. See our PIE Term Deposit Fund Terms and Conditions (PDF 180.8 KB) or pick up a copy from your nearest Kiwibank.
This communication contains general information only and not investment or tax advice, and as such you shouldn't rely on it as the sole basis for any financial decision. Potential investors should seek professional advice as to whether an investment is right for them, including the taxation implications of such an investment.