Compare term deposit rates today

Compare Term Deposit Rates

Find the best term deposit rates to grow your investments in NZ.

Compare today

What is a term deposit?

A term deposit is a cash investment held at a financial institution, bank, building society or credit union. Your money is invested for an agreed rate of interest over a fixed amount of time, or term.

Want to see your savings grow? Then you should consider investing your money into a term deposit! Just decide how long you want to invest your savings for and watch as they earn back a fixed interest rate. You are in control when placing your money into a term deposit, meaning you decide how much to invest and how long to invest it for. You can decide whether to invest your savings for days, months, or even years. The longer your money is invested, the more it will grow!

Depending on which bank you are with will determine how much you can invest; with some allowing as little as $5000 to be your investment. Term deposits can be a great way for you to grow money that you normally wouldn’t touch, so consider a term deposit in NZ if you want to see your money make you even more money!

Compare term deposit companies

Like anything else, it is important to consider who is the best option for you and your money, especially when choosing a term deposit company. glimp helps you to compare these companies, making your choice a lot less complicated! Currently most term deposit providers, such as ANZ, ASB, BNZ and Westpac have similar deposit rates of around 2.60% for a year.

Similarly, these term deposit rates for six months are on average 2.65%. However, it is not just rates you want to compare when looking for a term deposit company. Take the time to consider who will provide the best overall experience for you: Who will offer a quick and easy set up of the term deposit? Who will allow you to invest as little or as much as you would like? Be sure to make the right choice for you when deciding who to invest your money with!

Compare with Glimp

1

With lots of term deposit companies in New Zealand - all offering reasonable and affordable term deposit rates - it can be difficult to decide which is the best option for your investment.

2

The good news for you is that glimp is here to help make that choice a whole lot easier! We’ve compiled all the information you need on picking a term deposit company, all you need to do is compare them and pick what is best for you. Easy as!

3

What do you need to do then? Consider what the best term deposit rates in NZ are right now and how much money you want to invest. Once you have figured that out all you need to do is compare term deposit rates in NZ using glimp and see who best fits your investment needs.

Why compare with glimp?

We save you time & money

Easily compare term deposit rates, terms and principals. Find the best term deposit in minutes.

Best place to compare term deposits

New term deposit site in NZ. Thousands of Kiwis have trusted us with their decisions.

Compare term deposits for free

glimp is 100% free! Whether you want to compare or get a better term deposit, you pay nothing.

They talk about us

Mentioned by various news outlets, such as stuff, nzherald, Solarcity, Truenet, nbr and many more.

Term Deposits FAQ

Why get a term deposit instead of putting money into a savings account?

A term deposit helps those who may need that extra help to not touch their money. Where a savings account provides flexibility on when you withdraw your money, a term deposit will lock away your money for the extent of the term you have chosen. If you are financially stable enough to lock away a minimum of $1000-$10,000 then strongly consider investing in a term deposit and watch your money grow.

Can I add money to a term deposit?

A term deposit locks a certain amount of your money away, meaning that you can’t add more to this amount. However, once your term deposit has reached the end of it’s term you can make the choice to add money to the amount invested, if you wish to continue growing your savings. The more money invested in the term deposit means you will gain more in the long run, so consider how much you are prepared to set aside.

Can I withdraw the money from my term deposit before the end of the term?

Unfortunately, once you have invested your money into a term deposit it cannot be withdrawn until the end of the term. However, in the case of financial hardship or any other unforeseen issue, you can choose to apply for an early withdrawal. In this case, your bank will decide whether to allow you an early withdrawal but may reduce the rate on the amount you withdraw. Depending on how long your term is you can also opt in to receive interest at regular intervals so check with your term deposit provider if you are eligible for this.

Can I lose money in a term deposit?

It is highly unlikely to lose money in a term deposit. Depending on factors such as how long you invest your money for or if you choose to withdraw your money early then you may lose some interest on what you could have earned, but you will not see any drastic losses when investing your money. Term deposits are a safe and reliable way to grow your money overtime, so all you need to do is be patient and watch your wealth grow!

What our broadband customers are saying:

"Very pleased i found your service and found it such a help in finding the ideal broadband that suits my needs. Thank you very much and may you prosper on."

Florence

"Was really impressed with the level of service and assistance I received. Was quick and easy and I was provided with a recommendation for the best plan and option for me."

Rick

"Everyone should try Glimp before they switch electricity or internet providers, the comparisons are accurate and up to date. The website also has a filter so you can narrow down your choices to what you want. Highly recommended!"

Daimien

"We've used Glimp recently to search for a better broadband provider and have took advantage of the credit bonus offered by signing up the service through Glimp and got an excellent deal. Just wanted to thank you for providing this to us and hope that your site will keep up the good work!"

Judy

"Moving into a new house up in Whangarei so was curious about what the best internet and power deals are available at the new location. Glimp was easy to use and got 2 great deals with service providers."

Randall

"Glimp is a very good provider of info of service providers. It really helped me make an informed decision when looking to switch my power provider. The whole process is quick and seamless."

Geoffrey

"Very fast and clear. I could select options according to what I needed to see the best deals. I'm really happy with the deal we got. Thanks Glimp."

Rachel

"Such an easy to use comparison website, gives you all the important basic information you need to get the best broadband or power plan for your particular situation. Glimp helped me make the best choice in power company. Great website."

Conor

"Everyone should try Glimp before they switch electricity or internet providers, the comparisons are accurate and up to date. The website also has a filter so you can narrow down your choices to what you want. Highly recommended!"

Alex

"Didn't know it existed until it was exactly what I needed and there it was! Took all of the stress out of finding the best deal to suit our needs."

Mikaela

"I haven't had in home internet service since early October. As an international student I didn't really know where to go for service. Glimp made it really easy for me to find a plan that suited my needs. Without leaving the house!"

Tanya

"I thought your website was great - we've been undecided about what internet options to choose for around 18 months. 5 minutes on your website and we're now sorted - finally!

Lynda

"I found Glimp really user friendly with lots of fantastic deals and companies to choose from. It made it easy for me to find the best package and price to suit us. Thanks Glimp : )"

Angela

"I found glimp really useful when deciding which ISP to sign up with. Because of the clear comparison charts provided by glimp, we were able to choose the best company with the best deal and service for us. I highly recommend glimp to anyone who wants an easy way to compare internet service providers before making a decision on which to sign up with."

Damian

"I found the glimp team great, have switched to fast fibre and everything seems to be working well. Thanks again for the ease in doing that."

Brian

"Your service was very useful to me as it allowed me to compare the different options and to make an informed decision about which Broadband and phone service would be the most useful (and cost-effective) for me. I was also grateful for your personal attention and response to questions."

Janet

"I found glimp to be very helpful and look forward to the power company comparison."

Russ

"I used Glimp to compare & find the best broadband provider to meet my needs. I like to 'shop around' & get the best deal. Unlike some of the other services that offered to do this Glimp was by far the most comprehensive, accurate, up to date, & easy to use. I was able to make a decision & Glimp saved me a lot of time."

Daryll

"Choosing an Internet provider is a fiddly decision that effects you long term. Glimp made that decision easier, so yeah, I love it"

Dave

"We found glimp a great way to sort out internet provider offers. It meant we could compare the offers at one site. Roll on power and gas provider analysis."

Paul

"Great to tell anyone who find it hard to choose the right ISP providers in NZ. While I was searching for a change of ISP, glimp.co.nz solves my problem. Thank you glimp for providing valuable information."

Roger

"This site was awesome. So easy to use and made the process of which provider to go with so easy. Thanks"

Mike

Compare term deposits today

Find a better term deposit rate with glimp.

Compare Term Deposit Rates

4.6

+
Selena Hoani , 2024-10-16

Filomena had amazing customer service! She was very polite and respectful. She also was great at listening to my needs and offering solutions with options that had great savings. I would give her 10 stars if that was an option. If I decide to go ahead I would choose to go have her help me again. I have not had the best experience in the past with customer service reps so I would like to thank her for making this experience a good one. Kind Regards, Selena

bree Bree , 2024-10-25

Was an amazing ecperience to finally take a leap for change with the best offer. Excellent customer service provided and the most amazing help in detail and understanding. Very grateful for the persistence and patience. Thank you kindly

Victor Mokaraka , 2024-11-01

Philomena was efficient, patient and helpful. She had good data at hand to provide me with comparisons between what was offered and my current costs. She did a good job

Shelley Bruce , 2024-10-14

Thanks for the call and check in. You recommended I stay with my current provider as the rates were top notch. I'll touch base again in the next 12-18 months, you made it super easy. Great friendly and confident salesperson.

Charlotte Britton , 2024-07-24

Very clear and concise information. Great price comparison for saving money on our monthly bills! Thanks Issac and Glimp! I can't wait to pass these savings on to my hard working family Adding onto my review as I think this is totally unacceptable to have people call you about switching companies and you agree to change and go through the process with Glimp and then get phone calls from supposed companies BEFORE you even get the email offer from supposed companies.

View More