1. Term Investment Calculator
2. Asb Term Deposit Withdrawal

ASB now offers the lowest term deposit rates of any major bank for all terms. ASB has tended to lead the savings rate offers down, and more recently they have been followed when they cut lower. Time will tell with this latest reduction. At this time, ANZ and Kiwibank are the main banks with marginally higher rates in key tenors. 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 Term Deposit NZ. Opening an ASB Term Deposit can bring you financial growth and stability at a fixed term, interest and return. ASB is an award-winning institution that delivers world-class financial.

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ASB Supports Savers With New 1.75% Market Leading Term Deposit Rate

Press Release – ASB

ASB is increasing its term deposit rates, including lifting the 60-month term deposit rate by 0.75% to a market leading 1.75%. ASBs Executive General Manager of Retail Banking, Craig Sims, says ASB is taking the opportunity to offer Kiwis with cash …

ASB is increasing its term deposit rates, including lifting the 60-month term deposit rate by 0.75% to a market leading 1.75%.

ASB’s Executive General Manager of Retail Banking, Craig Sims, says ASB is taking the opportunity to offer Kiwis with cash savings some highly competitive term deposit options while also balancing the needs of borrowers who have been benefiting for some time from an extremely low interest rate environment.

“While there’s been much focus on home loan rates, customers with funds to invest are often seeking to balance their portfolios, and term deposits can be an important part of the mix.

“Given the performance of the New Zealand economy through COVID-19 has been stronger than anyone anticipated and our commitment to helping the financial progress of all New Zealanders we’re pleased to be able to support our savers with these market leading term deposit rates.”

Term Investment Calculator

In addition to the new 60-month rate, ASB has also increased the rates for deposit terms from 9 to 48 months. The below rate changes are effective from Tuesday 2 March 2021.

More information on term deposit rates can be found at ASB’s Term investment rates

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Asb Term Deposit Withdrawal