ANZ and National Bank have tweaked five and six month term deposit rates to bring each in line with the other and in doing so, effectively raised their six month offer by 10 basis points to 4.6%. ANZ raised its six month rate 10 bps to 4.6%, while National Bank raised its six month rate by 110 bps to the same level. At the same time, National Bank lowered its five month rate from 4.5% to 3.5%, which is the same five month rate ANZ is offering. The rates are for deposits over NZ$10,000. The move brings ANZ National's six month term deposit rate in line with a special 4.6% offer by SBS Bank (min. NZ$5,000), and is the highest offered by a bank in New Zealand for this term. The highest five month rate offered by a bank in New Zealand in 4.6% offered by BNZ, SBS and Westpac. See and compare term deposit rates for terms less than a year here, and terms one year and over here.
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