For Certificates of Deposit (CDs), the interest rate and Annual Percentage Yield (APY) are effective for the entire term of the CD, and a penalty may be imposed for early withdrawal. For all other accounts, interest rates are subject to change. Term Deposits - Compare Fees & Rates - PriceMe Money. Earn a higher return with a term deposit from a trusted NZ provider. You select the term of your deposit and the amount you want to deposit, then search for a suitable term deposit and open up an account. ASB's sharp cut in some home loan rates has brought a matching cut in their term deposit rate offers. But the bank didn't cut every rate; in fact it raised the six month rate to 3.40% from 3.25% (shifting the incentive from nine months). ASB has also increased other term deposit rates although at much smaller increments. Its nine and 12-month rates will rise from 0.75 per cent to 0.8 per cent. While its 18-month and 24-month rates. Rate of the day is what we consider the best value mortgage rate for a loan with a loan-to-value ratio below 80%, that is available to new and existing borrowers, and is not limited by the size of the loan.

ASB is increasing its term deposit rates, includinglifting the 60-month term deposit rate by 0.75% to a marketleading 1.75%.

Westpac Bank Term Deposit Rates

ASB’s Executive General Manager ofRetail Banking, Craig Sims, says ASB is taking theopportunity to offer Kiwis with cash savings some highlycompetitive term deposit options while also balancing theneeds of borrowers who have been benefiting for some timefrom an extremely low interest rateenvironment.

“While there’s been much focus onhome loan rates, customers with funds to invest are oftenseeking to balance their portfolios, and term deposits canbe an important part of the mix.

“Given theperformance of the New Zealand economy through COVID-19 hasbeen stronger than anyone anticipated and our commitment tohelping the financial progress of all New Zealanders we’repleased to be able to support our savers with these marketleading term deposit rates.”

In addition to the new60-month rate, ASB has also increased the rates for depositterms from 9 to 48 months. The below rate changes areeffective from Tuesday 2 March 2021.

Moreinformation on term deposit rates can be found at ASB’sTerm investmentrates

Helping you get one step ahead.

In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.

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