| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| Dec 2022 | Dec 2023 | Aug 2024 | Sep 2024 | Oct 2024 | Nov 2024 | Dec 2024 | |
| Term PIE | |||||||
| 1 month1 | 1.68 | 2.63 | 2.63 | 2.63 | 2.56 | 2.56 | 2.56 |
| 3 month1 | 3.04 | 4.20 | 4.32 | 4.28 | 4.23 | 4.24 | 4.21 |
| 6 month1 | 4.57 | 6.02 | 5.76 | 5.67 | 5.27 | 5.19 | 5.07 |
| 9 month1 | 5.00 | 6.08 | 5.44 | 5.32 | 5.04 | 5.01 | 4.92 |
| 1 year1 | 5.23 | 6.14 | 5.28 | 5.13 | 4.92 | 4.84 | 4.78 |
| 18 month1 | 5.20 | 6.02 | 4.90 | 4.80 | 4.62 | 4.60 | 4.58 |
| 2 year1 | 5.23 | 5.86 | 4.69 | 4.56 | 4.43 | 4.41 | 4.41 |
| 3 year1 | 5.24 | 5.57 | 4.58 | 4.47 | 4.38 | 4.38 | 4.38 |
| 4 year1 | 5.23 | 5.45 | 4.53 | 4.43 | 4.34 | 4.34 | 4.36 |
| 5 year1 | 5.23 | 5.40 | 4.50 | 4.36 | 4.34 | 4.34 | 4.36 |
The data: coverage, periodicity and timeliness
Coverage characteristics
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.
Periodicity
Monthly.
Timeliness
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
Integrity
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.
Quality
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)
New interest bearing term deposits interest rates (B26)
Interest.co.nz publishes mortgage interest rates for a range of terms.
New customer term PIE deposit average interest rates
The interest rates recorded here are the simple averages of new customer portfolio investment entity (PIE) 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.
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.