Siblings ANZ and the National Bank both tweaked their term deposit rate offerings for terms under six months today, focussing their key rates at 4.5% for a $10,000 deposit.

ANZ moved its 4.50% rate from 3 months to six months, while the National Bank moved it from 3 months to 5 months. Both banks have adopted their new 3 month rate as 3.75%.

4.50% is now the standard key offer rate for banks for terms under one year. Other offers are
- ASB and BankDirect offering 4.50% for 3 months
- BNZ offering 4.50% for 5 months
- Kiwibank offering 4.50% for both 100 days and 4 months
- RaboPlus offering 4.50% for 3 months
- Westpac offering 4.50% for five months

Smaller banks offer only slightly more; SBS offers 4.65% for 3 months, and TSB offers 4.60% for 100 days.

On the other hand, HSBC's top rate is only 4.15% for six months for a deposit of $100,000 or more. Kookmin is at 4.30%.

This week, the Reserve Bank announced new prudential liquidity guidelines that are aimed at pressing banks to lengthen their funding offers, and source more funds locally than overseas.

All the current term deposit rates are listed on our two pages here:
- for term deposits less than one year
- for term deposits of one to five years