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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.

Previous years: Monthly:
Dec 2020 Dec 2021 Aug 2022 Sep 2022 Oct 2022 Nov 2022 Dec 2022
Term deposits $10,000+
1 month1 0.22 0.34 0.96 0.99 1.23 1.36 1.63
3 month1 0.43 0.72 1.91 2.10 2.29 2.43 2.86
6 month1 0.87 1.51 3.03 3.34 3.63 3.91 4.31
9 month1 0.87 1.66 3.31 3.62 3.96 4.21 4.79
1 year1 0.94 2.11 3.92 4.11 4.42 4.67 5.06
18 month1 0.94 2.17 3.90 4.14 4.42 4.70 5.07
2 year1 0.96 2.48 4.05 4.24 4.47 4.75 5.09
3 year1 0.98 2.79 4.20 4.34 4.48 4.76 5.10
4 year1 0.98 2.92 4.28 4.42 4.57 4.83 5.09
5 year1 0.96 2.99 4.36 4.49 4.62 4.83 5.08
[1] The interest rates recorded here are simple averages of new term deposits with a minimum of $10,000, and a maturity greater than 1 day. Deposits are fixed for a specified time period.

The data: coverage, periodicity and timeliness

Coverage characteristics

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

Data release

We release data on our Statistics section.

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.

View the statistics release calendar


Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

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 

Download the survey template and definitions

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.

View the Retail interest rates on lending and deposits (B3)

View the New interest bearing term PIE deposits interest rates (B27) 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
- Not applicable
.. Not available
bold Revised/new
italics Provisional
Light grey background Historical

General notes

  • 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.