Countries / 🇳🇿 New Zealand / 6-month

Best 6-month term deposit rates in New Zealand

Best 6-month rate per provider for a NZ$10,000 deposit, open to any customer, read from each bank's website. Last checked 18 Oct 2026, 03:42 UTC.

3-month12-month All tenures and amounts

BankRate p.a.TenureDepositDetailsLink
Rabobank New ZealandTerm Deposit3.70%≈ NZ$185 in 6 months6 monthsNZ$1,000 +Board rate
Personal accounts (individual, joint, children); Interest at maturity (up to 18 months) or annually (2-5 years)
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ANZ Bank New ZealandTerm Deposit3.60%≈ NZ$180 in 6 months6 monthsNZ$10,000 +Board rate
For amounts of $10,000 or more
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ASB BankTerm Deposit3.60%≈ NZ$180 in 6 months6 monthsNZ$5,000 +Board rate
Minimum investment $5,000; Not available to financial institutions or where total ASB term investments exceed $10 million
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Bank of New Zealand (BNZ)Term Deposit3.60%≈ NZ$180 in 6 months6 monthsNZ$2,000 – NZ$5,000,000Board rate
$2,000 - $5 million (from the page's headline rate cards)
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KiwibankTerm Deposit3.60%≈ NZ$180 in 6 months6 monthsNZ$1,000 – NZ$5,000,000Board rate
Minimum balance $1,000 ($5,000 for 30 and 60 days); Up to $5 million
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Heartland BankTerm Deposit3.55%≈ NZ$178 in 6 months6 monthsNot statedBoard rate
Minimum deposit not stated on the rates page; Interest on maturity (up to 3 months) or 3-monthly
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Westpac New ZealandTerm Deposit3.45%≈ NZ$173 in 6 months6 monthsNZ$5,000 – NZ$5,000,000Board rate
$5,000 - $5,000,000; Rates for customers holding up to $5,000,000 in total deposits
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Different amount, priority tiers or fresh-funds filter? Open the full comparison.

Deposit protection: Depositor Compensation Scheme (DCS)

LimitNZ$100,000

In force since 1 July 2025: if a New Zealand licensed deposit taker fails, the DCS compensates depositors up to $100,000 per depositor, per deposit taker, for money held in DCS-covered accounts. Source, checked 2026-10-18.

We're a comparison service, not a bank: we don't take deposits. Rates change without notice; verify with the bank before you deposit. Not financial advice.