| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| Oct 2018 | Oct 2019 | Jun 2020 | Jul 2020 | Aug 2020 | Sep 2020 | Oct 2020 | |
| Term PIE | |||||||
| 1 month1 | 0.69 | 0.45 | 0.16 | 0.15 | 0.15 | 0.15 | 0.15 |
| 3 month1 | 2.66 | 2.05 | 0.92 | 0.73 | 0.56 | 0.43 | 0.40 |
| 6 month1 | 3.30 | 2.73 | 1.69 | 1.52 | 1.34 | 1.23 | 0.97 |
| 9 month1 | 3.39 | 2.73 | 1.69 | 1.55 | 1.39 | 1.22 | 0.93 |
| 1 year1 | 3.44 | 2.68 | 1.73 | 1.53 | 1.37 | 1.22 | 0.93 |
| 18 month1 | 3.47 | 2.62 | 1.76 | 1.56 | 1.39 | 1.23 | 0.93 |
| 2 year1 | 3.54 | 2.62 | 1.76 | 1.62 | 1.50 | 1.23 | 0.99 |
| 3 year1 | 3.66 | 2.62 | 1.79 | 1.61 | 1.45 | 1.31 | 0.99 |
| 4 year1 | 3.73 | 2.63 | 1.82 | 1.62 | 1.46 | 1.26 | 1.00 |
| 5 year1 | 3.78 | 2.65 | 1.85 | 1.65 | 1.48 | 1.27 | 1.00 |
Average interest rate for new customer term PIE (Portfolio Investment Entity) deposits, advertised at the end of month by all registered banks with available offerings.
Monthly.
Published five working days after the end of the reference period.
Data is released on the Reserve Bank’s Statistics section.
The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the first working day of the month.
View the Statistics Release Calendar
Data is collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).
Read the Reserve Bank of New Zealand Act 1989.
The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.
Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website as a special note.
Any major changes in methodology are posted on the website as a special note.
A copy of the survey template and definitions is available.
The Reserve Bank publishes data on the weighted new customer six month term deposit rate in the Retail interest rates on lending and deposits (B3) and data on simple averages for term deposit accounts in New interest bearing term deposits interest rates (B26).
Interest.co.nz publishes term deposit interest rates for a range of terms.
The interest rates recorded here are the simple averages of new customer PIE (Portfolio Investment Entity) accounts advertised by all registered banks with available offerings. These accounts are a type of investment similar to a call deposit that has tax advantages for depositors. Cash PIE are on-call – money can be withdrawn at any time. Term PIE are fixed term investments.
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| light red background | Historical |