ANZ has moved this morning to maintain its lead over its main rivals with its term deposit offers.
It has raised its carded offers for fixed terms of 9 months, one year, and 18 months.
The new ANZ nine month rate of 4.00% is a rise of 20 bps. It positions ANZ as having the highest rate among the main banks for this term, although you can get the same rate for six months from the Co-op Bank and Heartland Bank. You can also get 4.00% for a four month term from Westpac.
ANZ's one year rate of 4.10% (an increase of 15 bps) is not as high as Kiwibank's 4.20% and matches a range of other banks who also offer this level.
But ANZ's 18 month rate of 4.50% is now a market leader and is only matched by a pre-existing offer by the Co-op Bank. This change represents an increased by ANZ of 20 bps.
These ANZ changes follow catch-up rises by Westpac on Thursday.
Use our deposit calculator to figure exactly how much benefit each option is worth; you can assess the value of more or less frequent interest payment terms, and the PIE products, comparing two situations side by side.
All term deposit rates for all institutions for terms less than one year are here, and for terms one-to-five years are here.
| for a $20,000 deposit | 6 mths | 1 yr | 18 mths | 2 yrs | 3 yrs | 5 yrs |
 |
3.75% | 4.10% | 4.50% | 4.75% | 5.00% | 5.50% |
 |
3.75% | 4.00% | 4.30% | 4.60% | 5.00% | 5.50% |
| BNZ | 3.75% | 4.00% | 4.30% | 4.75% | 5.00% | 5.50% |
| Kiwibank | 3.75% | 4.20% | 4.75% | 5.00% | 5.50% | |
 |
3.75% | 4.00% | 4.30% | 4.75% | 5.00% | 5.50% |
| Co-op Bank | 4.00% | 4.25% | 4.50% | 4.80% | 5.05% | |
 |
4.00% | 4.25% | 4.35% | 4.50% | 5.00% | 5.50% |
| HSBC Premier | 3.65% | 3.80% | 4.00% | 4.10% | 4.30% | 4.60% |
 |
3.95% | 4.10% | 4.30% | 4.75% | 5.00% | 5.50% |
| SBS / HBS | 3.80% | 4.10% | 4.40% | 4.75% | 5.10% | |
| TSB Bank | 3.80% | 4.00% | 4.25% | 4.50% | 5.00% | 5.50% |
Term deposit rates
Select chart tabs
(Correction: An earlier version of this story had the BNZ one year rate in error. It is 4.00% as in the revised table above.)
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