Term Deposit Rates
[updated]
The ground is about to sink faster for savers. ANZ brings back a TD rate starting with a '3', and now only one bank offers a rate starting with a '5'
20th Feb 25, 9:12am
23
The ground is about to sink faster for savers. ANZ brings back a TD rate starting with a '3', and now only one bank offers a rate starting with a '5'
Banks continue tweaking their term deposit offers with Kiwibank (down & up), and BNZ (down) the latest to move. These changes leave ANZ top of that main bank heap with its six month offer
10th Feb 25, 10:53am
45
Banks continue tweaking their term deposit offers with Kiwibank (down & up), and BNZ (down) the latest to move. These changes leave ANZ top of that main bank heap with its six month offer
Banks trim term deposit rate offers further with no main bank now offering a 5% rate
3rd Feb 25, 9:56am
5
Banks trim term deposit rate offers further with no main bank now offering a 5% rate
[updated]
Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options
28th Jan 25, 9:41am
Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options
Treasury reduces Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers, their first cut in 2025
23rd Jan 25, 3:42pm
2
Treasury reduces Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers, their first cut in 2025
Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates
17th Jan 25, 2:33pm
9
Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates
Term deposit savers are facing lower interest rates in 2025 from a number of factors, not the least of which is that banks face depressed lending opportunities. The DCS is also a factor
14th Jan 25, 10:26am
5
Term deposit savers are facing lower interest rates in 2025 from a number of factors, not the least of which is that banks face depressed lending opportunities. The DCS is also a factor
[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
30
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