ANZ has today adjusted four of its term deposit rate offers.
All changes involve increases in interest rates.
None however position ANZ as a market leader in these changed rate positions.
They have raised their 30 and 60 day rates by +20 bps to 3.00%, up from 2.80%.
Their six month rate has been increased by +25 bps to 4.00%, up from 3.75%.
Their nine month rate is now 4.10%, up +10 bps from 4.00%.
And their one year rate has been raised to 4.20%, up +10 bps from 4.10%.
These rate increases appeared on their website this morning.
Their have also made equivalent changes to their term PIE rates.
None of the ANZ rates are as good as the UDC rates. UDC is a wholly owned subsidiary of ANZ.
Earlier today, ANZ raised four home loan rates and reduced one.
Use our deposit calculator to figure exactly how much benefit each option is worth; you can assess the value of more or less frequent interest payment terms, and the PIE products, comparing two situations side by side.
All term deposit rates for all institutions for terms less than one year are here, and for terms one-to-five years are here.
This positions the ANZ offers as follows:
| for a $20,000 deposit | 6 mths | 1 yr | 18 mths | 2 yrs | 3 yrs | 5 yrs |
 |
4.00% | 4.20% | 4.75% | 5.00% | 5.25% | 5.75% |
 |
3.75% | 4.10% | 4.30% | 4.60% | 5.00% | 5.50% |
| BNZ | 4.00% | 4.25% | 4.50% | 4.75% | 5.00% | 5.50% |
| Kiwibank | 4.10% | 4.35% | 4.75% | 5.00% | 5.75% | |
 |
3.75% | 4.00% | 4.30% | 4.75% | 5.00% | 5.50% |
| Co-op Bank | 4.20% | 4.40% | 4.80% | 5.05% | 5.30% | |
 |
4.00% | 4.50% | 4.50% | 4.75% | 5.50% | 5.50% |
| HSBC Premier | 3.65% | 3.90% | 4.00% | 4.50% | 4.65% | 5.15% |
 |
4.25% | 4.35% | 4.75% | 5.00% | 5.25% | 5.65% |
 |
4.20% | 4.40% | 4.60% | 4.85% | 5.10% | |
| TSB Bank | 4.00% | 4.25% | 4.50% | 4.75% | 5.00% | 5.75% |
| UDC | 4.10% | 4.35% | 4.75% | 5.00% | 5.35% | 6.25% |
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