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ANZ National raises 6 month, 1 and 2 year term deposit rates

ANZ National raises 6 month, 1 and 2 year term deposit rates

ANZ National announced on Thursday afternoon that they would raise six month, one and two year term deposit rates, effective from Friday. The move comes after they lowered most of their term deposit rates last week, including the one and two year rates. The new six month rates will increase by 25 basis points (bps) to 4.25%; the one year rates by 50 bps to 4.50%; and two year rates by 50 bps to 5.00%. The rates are for deposits more than NZ$10,000. Last week, ANZ National cut its one year term deposit rate from 4.50%, meaning this new rise will return it to where it was. However the two year rate was last week cut by 75 bps, meaning the new rate will still be 25 bps below what the bank was offering a week ago. See all the new rates on our term deposit rates pages.

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