There has been a small flurry of term deposit rate changes this week, none especially important on their own, but taken together they reinforce the downward trend in TD offer rates.
Of the 22 rates that changed, 19 were down.
Most changes were minor and some represented the ending of Special promotional rates.
They continue the almost uninterrupted trend of declining rates over the last twelve months that has seen one year rates fall -0.35% in that time to under 4.20%
You can find a comprehensive list of term deposit rates for all institutions with terms less than one year here.
And you can find a similarly comprehensive list of them for terms of one to five years here.
The best way to assess these rates is to use our full-function deposit calculator.
This tool allows you to compare the after tax returns of two options side-by-side. In fact you can compare regular term deposits with term PIEs as well. The list of term PIEs is here.
Here is the list of term deposit changes we have updated this week so far:
| Tier | Term | Previous | Now | change | |
 |
10,000 | 6 mth | 4.00% | 3.75% | -0.25% |
| BNZ | 5,000 | 3 mth | 4.00% | 3.25% | -0.75% |
| 1 yr | 4.40% | 4.20% | -0.20% | ||
| HSBC | 10,000 | 6 mth | 3.80% | 3.70% | -0.10% |
| 9 mth | 3.90% | 3.80% | -0.10% | ||
| 1 yr | 3.95% | 3.85% | -0.10% | ||
| Kiwibank | 10,000 | 6 mth | 4.00% | 3.75% | -0.25% |
| 9 mth | 3.85% | 4.00% | +0.15% | ||
| F&P Finance | 1,000 | 3 mth | 3.85% | 4.10% | +0.25% |
| 6 mth | 4.35% | 4.20% | -0.15% | ||
| 9 mth | 4.85% | 4.15% | -0.70% | ||
| 1 yr | 5.10% | 4.10% | -1.00% | ||
| 2 yr | 5.10% | 4.05% | -1.05% | ||
| 3 yr | 5.10% | 4.25% | -0.85% | ||
| 4 yr | 5.10% | 4.50% | -0.60% | ||
| 5 yr | 5.10% | 4.70% | -0.40% | ||
| FE Investments | 5,000 | 1 yr | 7.35% | 7.30% | -0.05% |
| 18 mth | 7.70% | 8.00% | +0.30% | ||
| 2 yr | 8.20% | 8.00% | -0.20% | ||
| CU Aotearoa | 500 | 6 mth | 5.25% | 4.50% | -0.75% |
| 1 yr | 4.75% | 4.65% | -0.10% | ||
| 2 yr | 6.00% | 5.00% | -1.00% | ||
| CU Auckland | 10,000 | 3 mth | 3.75% | 3.50% | -0.25% |
| 6 mth | 4.50% | 4.15% | -0.35% | ||
| 9 mth | 4.60% | 4.25% | -0.35% | ||
| 1 yr | 4.70% | 4.40% | -0.30% | ||
| 18 mth | 4.80% | 4.45% | -0.35% | ||
| 2 yr | 5.00% | 4.50% | -0.50% | ||
| PGG Wrightson | 1,000 | 4 yr | 5.05% | 5.00% | -0.05% |
| 5 yr | 5.05% | 5.00% | -0.05% |
(Updated with CU Auckland and PGG Wrightson rate changes.)
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