New interest-bearing term deposit interest rates (B26)
This data tracks the interest rates offered by banks in New Zealand on term deposit savings accounts.
|Aug 2020||Aug 2021||Apr 2022||May 2022||Jun 2022||Jul 2022||Aug 2022|
|Term deposits $10,000+|
The data: coverage, periodicity and timeliness
Average interest rate for new customer term deposits with a minimum of $10,000 investment, advertised at the end of month by all registered banks with available offerings.
We publish data five working days after the end of the reference period.
Access by the public
Statistics release calendar
The statistics release calendar provides a long-term plan of scheduled releases. We update and release the calendar on the first working day of the month.
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We collect data under Section 36 of the Reserve Bank of New Zealand Act 1989 (the Act).
Read the Reserve Bank of New Zealand Act 1989
We publish only aggregated data. Individual institutional data is confidential.
Provision of information about revisions and advance notice of major changes in methodology
We generally publish revisions when we update and release the next table. Should we need to make revisions more promptly, we will post a special note on the website.
We post any major changes in methodology on the website as a special note.
Dissemination of documentation on methodology and sources used in preparing statistics
Dissemination of statistics that support statistical cross-check and provide assurance of reasonableness
We publish data on the weighted floating first mortgage new customer housing rate.
Interest.co.nz publishes mortgage interest rates for a range of terms.
New customer term deposit average interest rates
The interest rates recorded here are simple averages of new customer term deposits with a minimum investment of $10,000 advertised by all registered banks with available offerings. Deposits are fixed for a specified period and have a maturity greater than one day.
Symbols and conventions for summary table
|Symbol or convention||Definition|
|0||Zero or value rounded to zero|
|Light grey background||Historical|
- Individual figures may not sum to the totals due to rounding
- Percentage changes are calculated on unrounded numbers
- You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.
View our other Exchange and interest rate statistics series.