Term Deposit Rates
[updated]
After the welcome 2023 run-up, term deposit rates eased back in 2024. We provide some perspective and look ahead to 2025
20th Dec 24, 10:01am
29
After the welcome 2023 run-up, term deposit rates eased back in 2024. We provide some perspective and look ahead to 2025
The relentless trimming of bank term deposit rate cards has most of them on the cusp of falling below 5% for all terms
12th Dec 24, 10:06am
43
The relentless trimming of bank term deposit rate cards has most of them on the cusp of falling below 5% for all terms
[updated]
With swap rates probably falling about as far as they will go, but more OCR cuts coming, saver preferences for short term deposits will likely mean they are facing sharply lower offer rates
4th Dec 24, 12:12pm
11
With swap rates probably falling about as far as they will go, but more OCR cuts coming, saver preferences for short term deposits will likely mean they are facing sharply lower offer rates
[updated]
Savers suffer falling term deposit rate drift as a number of factors weigh on how banks set these rates
11th Nov 24, 9:41am
31
Savers suffer falling term deposit rate drift as a number of factors weigh on how banks set these rates
Treasury reduces Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers, their third cut in 2024
17th Oct 24, 10:19am
1
Treasury reduces Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers, their third cut in 2024
[updated]
More banks trim term deposit rate offers again - but amazingly there's still one offer in the market at a rate above 6%
16th Oct 24, 11:01am
10
More banks trim term deposit rate offers again - but amazingly there's still one offer in the market at a rate above 6%
Banks keep chipping away at their term deposit rate offers, a trend likely to continue for a while yet. We reveal the reasons why
20th Sep 24, 11:42am
8
Banks keep chipping away at their term deposit rate offers, a trend likely to continue for a while yet. We reveal the reasons why
BNZ trims some short rates for savers, a signal there will be much more change coming for savers over the next nine months
13th Sep 24, 10:09am
3
BNZ trims some short rates for savers, a signal there will be much more change coming for savers over the next nine months
Key challenger bank bucks the falling rate trend for term deposit savers, raising two key rates to market-leading (or close) levels
6th Sep 24, 3:07pm
5
Key challenger bank bucks the falling rate trend for term deposit savers, raising two key rates to market-leading (or close) levels
More dotplots, this time for savers. And they tell a story of fast-retreating rate offers. Six percent has largely vanished, although if you are quick one or two can still be found
26th Aug 24, 2:57pm
6
More dotplots, this time for savers. And they tell a story of fast-retreating rate offers. Six percent has largely vanished, although if you are quick one or two can still be found
Treasury takes -75 bps off most Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers
22nd Aug 24, 2:42pm
4
Treasury takes -75 bps off most Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers
[updated]
Banks pull back more on 6% offers for terms less than one year, and draw term deposit rates for 4%+ into terms now ranging from 18 months
19th Aug 24, 12:12pm
9
Banks pull back more on 6% offers for terms less than one year, and draw term deposit rates for 4%+ into terms now ranging from 18 months
Retail interest rates have been on the move recently, and the period of change is far from over. We take a early, interim look at one measure of bank rate spreads to assess how these changes are playing out
10th Aug 24, 9:10am
35
Retail interest rates have been on the move recently, and the period of change is far from over. We take a early, interim look at one measure of bank rate spreads to assess how these changes are playing out
[updated]
Savers can expect to wave goodbye to 6% term deposit rates very soon. It is tougher to now earn a positive after-tax, after-inflation return - but still doable
8th Aug 24, 12:09pm
40
Savers can expect to wave goodbye to 6% term deposit rates very soon. It is tougher to now earn a positive after-tax, after-inflation return - but still doable
[updated]
The Red Bank raises some short term deposit rates by up to 20 basis points, and cuts some others by 20 basis points as banks continue adjusting their competitive positioning in response to weak conditions
30th Jul 24, 6:10pm
8
The Red Bank raises some short term deposit rates by up to 20 basis points, and cuts some others by 20 basis points as banks continue adjusting their competitive positioning in response to weak conditions
Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more
23rd Jul 24, 10:57am
53
Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more
[updated]
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
18th Jul 24, 9:21am
34
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
12th Jul 24, 10:11am
29
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
4th Jul 24, 10:02am
3
With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
[updated]
Just as Kiwibank ends its good one year 'special' term deposit offer, BNZ jumps in with one of its own. Even higher rates are available from investment-grade rated others
19th Jun 24, 11:28am
19
Just as Kiwibank ends its good one year 'special' term deposit offer, BNZ jumps in with one of its own. Even higher rates are available from investment-grade rated others
[updated]
Two banks reverse the down-trend and offer higher nine and 12 month term deposit rates. But Westpac cuts back
27th May 24, 6:03am
15
Two banks reverse the down-trend and offer higher nine and 12 month term deposit rates. But Westpac cuts back
As the prospect of OCR rate cuts fade and global forces and local inflation push up wholesale interest rates, ASB trims its key term deposit rate offers
18th Apr 24, 10:07am
26
As the prospect of OCR rate cuts fade and global forces and local inflation push up wholesale interest rates, ASB trims its key term deposit rate offers
The term deposit rate benefit from a challenger bank just got a sharp boost from a new offer from SBS Bank, part of a recent set of fundraising offers
24th Feb 24, 9:35am
4
The term deposit rate benefit from a challenger bank just got a sharp boost from a new offer from SBS Bank, part of a recent set of fundraising offers
With some economists expecting a higher OCR soon, and financial markets responding with higher wholesale rates, savers might be expecting higher term deposit offers as one consequence
12th Feb 24, 11:08am
31
With some economists expecting a higher OCR soon, and financial markets responding with higher wholesale rates, savers might be expecting higher term deposit offers as one consequence
Savers who value the Government-guaranteed Kiwi Bond offer should be aware that in a declining interest rate environment, these rates are vulnerable to being trimmed
16th Jan 24, 1:31pm
2
Savers who value the Government-guaranteed Kiwi Bond offer should be aware that in a declining interest rate environment, these rates are vulnerable to being trimmed