Term Deposits 3.00% p.a. for 24 months

For competitive NZ term deposit and investment rates, talk to NZCU Baywide today.

Our competitive fixed term deposit interest rates are calculated on a daily basis and interest can be paid at regular intervals or on maturity to any account of your choice.* Learn more about fixed-term deposits in our helpful guides and information section.

  • Choose your investment period
  • Flexible and competitive interest rates calculated daily




Don’t wait

Apply now


NZCU Baywide offers some of the most competitive term investment rates in New Zealand^

12 Month Term Deposit, New Zealand

2.90% p.a.

Open a serious saver account

for 18 month term

24 Month Term Investment, New Zealand

3.00% p.a.

Open a Retirement saver account

for 48 month term

Term Deposit Interest Rates

Term   Investment rate 
1 month 1.00% p.a.
2 months 1.00% p.a.
3 months 2.30% p.a.
4 months 2.40% p.a.
5 months 2.40% p.a.
6 months 2.80% p.a.
9 months 2.80% p.a.
12 months 2.80% p.a.
18 months 2.90% p.a.
24 months 3.00% p.a.
36 months 3.00% p.a.
48 months 3.00% p.a.
60 months 3.00% p.a.

 

> Interest is calculated on a daily basis

> Investors are advised of their options prior to maturity

> Maximum deposit $1 million per member

> Minimum deposit is $1,000 for adults and $500 for children under 18 years old

> These are indicative rates only and may be subject to change without notice

> If an early withdrawal is approved by NZCU Baywide, a reduced rate of interest will apply as follows:
a) If a term deposit is withdrawn, in full or in part ,within the first 30 days, 0% interest will be applied to the withdrawn portion.
b) Where the deposit is withdrawn, in full or in part, before the maturity date but after the first 30 days, a reduced interest rate will be applied calculated using the advertised rate at the time the term deposit was opened, for the actual period of time the money was invested (as determined at our discretion), less 2%. The applicable interest rate will not reduce below 0%.

Ready to invest with us?

Apply now

Making an early withdrawal

NZCU Baywide may approve an early withdrawal of funds from a term deposit. If approved, customers are only eligible for one withdrawal per investment per term. Early redemptions incur a penalty interest rate. The penalty is a reduced interest rate which will be the advertised rate at the time the investment was opened, for the length of the time the money was invested (rounded down to the closest applicable rate), minus 2%.

For example, 

If a sum was originally invested for a period of two years but was redeemed after six months, the interest rate would be calculated using the six month rate as it was advertised at the time the account was opened, less 2%.

At the time the customer invested their funds, the following rates were advertised:

6 months 2.80% p.a.
9 months 2.90% p.a.
12 months 2.80% p.a.
24 months 3.00% p.a.

The customer opted to invest their funds for 24 months at a rate of 3.00% p.a. After 6 months they decide to break the investment and withdraw the funds. As the actual period of the investment has only been 6 months, the rate applied is the 6-month rate as it was advertised at the beginning of the investment. A 2% penalty interest is also deducted from the rate. The withdrawn investment is calculated using a rate of 2.80% - 2%, which equals 0.80% p.a.

 

FAQ

 

term deposit vs saving account

Term investments vs savings accounts - which is best?

Term investments? High interest savings accounts? Shares, stocks, or rental property? If you're a Kiwi looking to save, you're spoiled for choice. Simply take your pick.

While choice is great, it can also be overwhelming. So if you're struggling to choose the best option, keep reading as we compare two of New Zealand's most popular ways to save.

Read More…

 

Is a fixed term investment worth it?

Are term deposits worth it?

If you’re a Kiwi who's looking to start saving, then you're in luck. Whether you're a risk taker or more financially reserved, there's an option to suit any and all savings styles. 

Of these choices, why should you consider a fixed deposit? And what makes them such a popular option? Read on as we explore why they're the best bet for your financial future.

Read More...

 

term investment work

What is a term deposit and how does it work?

Do you want to invest in your future and earn high interest, too? It doesn't matter if you're saving for a car or retirement, a fixed investment is a risk-free way to earn great rates on your savings.

Keep reading to find out what these are, how they work, and why they're a great choice!

Read more..

 

term investment return

What return can I expect on a term deposit?

Credit Unions offer some of the highest investment rates in New Zealand, but what does this mean for you, your savings, and the return you can expect to receive from a term deposit?

Read on to find out how much you can expect to make with a high fixed rate deposit investment.

Read more..

 

Helpful investment guides

 

Savings 101 - Term Deposits

Absolutely everything you need to know about term deposits

Whether you're saving for a big ticket item or your retirement, a fixed term deposit is a great way to save. Click through as we fill you in on everything you could possibly want to know about this high-earning investment option.

Read More...

 

Saving for retirement

Saving for retirement? Try these 5 killer savings strategies

With spare change hard to come by and the retirement age on the rise, it can be tough to set money aside for your nest egg. Keep reading as we share five great savings strategies that'll help make your latter years some of your best.

Read More...

 

Retirement investment tips

4 Top investment tips that'll boost your retirement savings

Retirement is an exciting time for any Kiwi. Or at least, it should be! If like most New Zealanders you're struggling to save and considering a loan, don't give up just yet. Instead, click through for some great ways to supercharge your retirement savings.

Read More...

 

 

Blogs & Guides

 

Looking for more info? Check out these other great guides

 


 

^Source: as published on www.interest.co.nz as at 13 September 18. 

The current Credit Risk Statement, Product Disclosure Statement and other disclosure statements are available here or from any of our branches.