InvestNow Term Deposits

Multiple term deposit options from a range of leading banks

We bring you Term Deposit options from a number of leading banks – ANZ, BNZ, Bank of China, Heartland Bank and SBS Bank!

With your InvestNow account you can choose which bank, or banks, you want to invest your hard-earned dollars with – no need to open separate accounts with multiple banks.

Term deposits are issued by underlying licensed banks and non-bank deposit takers (not InvestNow). Term Deposits are covered by the New Zealand Depositor Compensation Scheme (DCS) up to $100,000 per eligible depositor, per licensed bank or non-bank deposit taker, subject to eligibility criteria. For more information, refer to the Reserve Bank of New Zealand’s website.

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Today’s best term deposit rates from our partner banks:

Term 1m 3m 6m 9m 12m 18m 2y 3y 4y 5y Date effective
Rates % p.a. 2.25 3.00 3.35 3.51 3.80 3.90 4.10 4.30 4.50 4.60 23 July 2026

If you can’t see all the rates and terms, just scroll to the right.
Please note that Terms & Conditions for each specific bank apply. For details please visit our Legals page.
To invest in these term deposits log in or create an online account with us.

The above rates are per annum figures. They are recent rates offered by the banks on InvestNow, but are not live and may have been recently updated. To see the live rates currently available to InvestNow customers, please login to your InvestNow account and select the Term Deposits page. InvestNow earns a distribution fee for the Term Deposits service (see FAQ  for details).

If you need to break a term deposit, please contact us at 0800499466 or contact@investnow.co.nz – noting that there are specific terms and conditions that apply to requesting to break a term deposit.  For more details please read this FAQ.

Compare Our Rates

The rates we get from the banks we partner with can be amongst some of the best rates available. If you want to check, please visit Interest.co.nz to compare: 1-9 months TDs or 1 year plus TDs.

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Frequently Asked Questions:

From 1 July 2025, the New Zealand Government’s Depositor Compensation Scheme (DCS) protects up to $100,000 per eligible depositor, per licensed bank or non-bank deposit taker.

This limit applies across all holdings with the same provider – whether invested directly or via InvestNow.

How this works in practice:

  • If you hold $100,000 directly with BNZ and $50,000 with BNZ through InvestNow, your total cover with BNZ remains $100,000 (not $150,000).
  • Deposits with different providers are covered separately (e.g. $100,000 with BNZ and $100,000 with ANZ may both be covered in full).

Term deposits available through InvestNow are issued by underlying licensed banks and non-bank deposit takers (not InvestNow). They are eligible for DCS protection up to $100,000 per depositor, per provider, subject to eligibility criteria.

For full details, including eligibility and covered accounts, visit the Reserve Bank of New Zealand website.

1 month, 3 month, 6 month, 9 month, 1 year, 18 month, 2 years, 3 years, 4 years and 5 years.

Currently, we offer interest at maturity, unless the Term Deposit is for a term of 2 years or longer, where interest will be paid either monthly, quarterly, or annually depending on the bank.

At maturity, you have the options to choose;

  • Not to rollover, at which time the principle and net interest will be credited to your InvestNow Transaction Account
  • Only the principal to roll over, with the net interest credited to your InvestNow Transaction Account
  • Principal and net interest roll over

You will receive notification by email, five days prior to the maturity date of your Term Deposit, advising that you can amend your rollover preferences right up to the day before your Term Deposit is due to mature/roll over.

Term deposit orders are processed once a day – they are sent to each bank at 12pm each working day (no orders are processed during weekends or national public holidays).

Each bank has their own terms & conditions for accepting and processing any break request – you can find those details here. Break requests will be handled directly between you, us and the relevant bank. If you wish to raise a break request please contact us here or email us at contact@investnow.co.nz

The minimum investment amount for ANZ is $10,000. The minimum investment amount for the Bank of China is $25,000. For all other banks, the minimum investment amount is $2,000.

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