Bank term deposits
The failure of a large number of New Zealand financial companies has made bank deposits the investment of choice for a lot of people. The interest rates currently being offered by banks are shown below and while they have probably bottomed out it is likely these will remain at this level for some time to come.
Compare Bank Interest Rates ($10,000 minimum)
| Company | 1 Yr | 18 Mths | 2 Yrs | 3 Yrs |
|---|---|---|---|---|
| ANZ | 4.00% | 4.10% | 4.20% | 4.40% |
| ASB | 4.10% | 4.20% | 4.20% | 4.40% |
| BNZ | 4.20% | 4.15% | 4.20% | 4.40% |
| Kiwibank | 4.10% | 4.20% | 4.40% | |
| Rabo Direct | 4.22% | 4.17% | 4.22% | 4.41% |
| Heartland | 4.45% | 4.45% | 4.65% | 4.85% |
NZD Exchange Rates
