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, China Construction Bank, Heartland Bank and SBS Bank!… and the range of banks we’re working with is continuing to grow…

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.

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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.	2.80	3.45	3.90	3.85	3.80	3.85	3.90	4.00	4.15	4.25	15 September 2025

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 are among 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:

Depositor Compensation Scheme

From 1 July 2025, the New Zealand Government’s Depositor Compensation Scheme (DCS) will protect up to $100,000 per eligible depositor, per licensed bank.

This protection applies whether you hold a term deposit directly with a bank or through InvestNow.

Important to note:

The $100,000 limit is per customer, per bank, for example, if you hold $100,000 directly with BNZ and $50,000 with BNZ via InvestNow, your total DCS cover with BNZ remains capped at $100,000 (not $150,000).
Different banks are covered separately. For example, $100,000 with BNZ and $100,000 with ANZ would both be covered in full.

For more details about how the scheme works and the accounts covered, please visit the Reserve Bank of New Zealand’s website.

What term options are there?

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

When does the interest get paid?

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.

What are the rollover options?

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.

What are the cut-off & processing times?

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).

Can I break a term deposit?

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

Are there minimum investment amounts?

The minimum investment amount for ANZ and China Construction Bank 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.