• Deposit Interest Rate in New Zealand decreased to 0.22 percent on Friday February 26 from 0.25 percent in the previous day. Deposit Interest Rate in New Zealand averaged 4.46 percent from 1981 until 2021, reaching an all time high of 16.32 percent in December of 1986 and a record low of -0.13 percent in December of 2020.
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Features and benefits

An establishment fee of $250 may apply. If you are applying for a mortgage with low equity (i.e. Your deposit is less than 20%), an additional interest margin may apply of between 0.25% to 1.5% per annum depending on your level of equity. Interest rates are subject to change. . The Effective Return is the rate you would need to receive from a regular savings account in order to achieve the same after tax return from your Online Saver PIE account, based on a PIR of 28% and an income tax rate of either 30% or 33%. Individuals with taxable income of.

• No monthly account service fee or establishment fee
• High fixed interest rate on balances of $1,000 and above¹
• A range of fixed investment terms available to suit your needs
• Interest paid 6 monthly and at maturity².

Fees

Westpac Term Deposit Rates Nz Fixed

Refer to the Fiji Customer Service Fees Booklet for details (PDF 98KB)

Here’s what to do.

To open a Westpac personal bank account, you’ll need to provide us with a signed and completed personal account opening form, along with some current identification documents.

Westpac Term Deposit Rates Nz Interest Rate

We need to verify the following:

1. Full name
2. Date of birth
3. Residential address
4. Occupation
5. Photo identification and signature
6. Citizenship
7. Income source documentation

To ensure these 7 points above are verified, we need at least two primary ID documents or one primary plus two secondary ID documents. All documents must be original and current unless specified. If additional documents are required, we’ll let you know.

Download the Opening a Personal Bank Account Brochure (PDF 129KB) for a list of accepted Identification and Additional Identification required for non-residents. Visit your branch or call 132032 for more information.

Need help?

Simply speak to a Banking Representative by calling 132 032.

Things you should know

Conditions apply. Offer excludes corporate, institutional and government customers. If you are on a special rate and your Term Deposit rolls over automatically, the Term Deposit may be automatically re-invested at a lower rate than the current interest rate.

1. Interest rate adjustment may apply if funds are withdrawn before maturity.

2. Once your fixed term ends, you can withdraw your funds via bank cheque, cash or direct credit into another bank account.

With this interest rates table, you can use the arrows to sort by various options such as interest rate, provider, amount and rating.
Rates changes from the past seven days will be highlighted in green or red.

What Is The Best Term Deposit Rate In New Zealand

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Westpac Nz Term Deposit Rates 2020

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