Term Deposits 3.60% 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

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

12 Month Term Deposit, New Zealand

3.55% p.a.

Open a serious saver account

for 18 month term

24 Month Term Investment, New Zealand

3.80% p.a.

Open a Retirement saver account

for 48 month term

Term Deposit Interest Rates

Term   Investment rate 
1 month 1.25% p.a.
2 months 1.25% p.a.
3 months 2.50% p.a.
4 months 3.00% p.a.
5 months 3.00% p.a.
6 months 3.35% p.a.
9 months 3.40% p.a.
12 months 3.50% p.a.
18 months 3.55% p.a.
24 months 3.60% p.a.
36 months 3.75% p.a.
48 months 3.80% p.a.
60 months 3.90% 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a) If a term deposit is withdrawn, in full or in part ,within the first 30 days, 0% interest will be applied to the withdrawn portion.
b) Where the deposit is withdrawn, in full or in part, before the maturity date but after the first 30 days, a reduced interest rate will be applied calculated using the advertised rate at the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?

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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 3.35% p.a.
9 months 3.40% p.a.
12 months 3.50% p.a.
24 months 3.60% p.a.

The customer opted to invest their funds for 24 months at a rate of 3.60% 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 3.35% - 2%, which equals 1.35% p.a.


Helpful guides and Information


term deposit vs saving account

Term investments vs savings accounts - which is best?

When it comes to saving money, you're spoiled for choice. Term investments? High interest savings accounts? Shares, stocks, or rental property? Take your pick!

It also helps that saving your money is almost always more financially sensible than applying for - and paying off - a loan

This sheer amount of choice is great, but it can also be overwhelming. How do you know you’re choosing the right option? Keep reading as we compare two of New Zealand’s most popular ways to save, and help you find one that’s right for you.

Read More…

Is a fixed term investment worth it?

Are term deposits worth it?

If you’re a Kiwi who has decided to start saving, then you're in luck. In fact, whether you're a risk taker or more reserved, you're positively spoiled for choice! 

With an option to suit most any savings style, you can save for anything from a rainy day through to retirement.

So of these choices, why should you consider a fixed deposit? And what makes them such a great choice of New Zealanders? Read on as we explore the reasons why it's the best bet for you and your financial future.



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, a home, or retirement, a fixed investment is an easy, 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 for Kiwis like you!

Read more..

term investment return

What return can I expect on a term deposit?

Credit Unions currently offer some of the highest returns on investment 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 the high fixed rate deposit investment.

Read more..



Tips and Tricks


Applying for a fixed-term deposit? Our guides will help you through the process.


Saving for retirement? Try these 5 killer savings strategies

With the retirement age on the rise and the amount of spare change in your back pocket dwindling, it can be tough to set some money aside and save for your retirement.

Rather than continuing to put it off to ‘some other day’, read on for our five favourite savings strategies that are sure to help you better invest in your future and live out some of your best years with peace of mind.


4 top investment tips that’ll boost your retirement savings

Retirement is an exciting time in any Kiwi’s life. Or, at least, it should be. If like most New Zealanders you’re finding it difficult to save for your retirement, don’t give up hope just yet.

Whether you’re investing late or saving early, keep reading for some great ways to quickly and easily boost your retirement savings and live your best financial life irrespective of age.


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.