Term Deposits enable you to invest your funds for a fixed term at a fixed rate of interest. The interest rate is higher than normal savings and access accounts.
Features
Safe and secure way to invest funds
Guaranteed rate of interest payable for the agreed investment period
Terms and Conditions
Account must can be opened in personal or Business name
Minimum opening balance requirement of NZD$500.00
Terms range from 30 days to 5 years
Additional funds minimum NZD$500.00 can be added upon maturity
Deposits over NZD$20,000.00 qualify for a ‘special’ rate
Breakage fees apply to early withdrawals and interest may be penalised
