Term investment interest rates

Interest rates are current as at 2 October 2016 and are subject to change without notice.

Term deposit interest rates

Term deposit interest rates

Rates for amounts of $250,000 or more are available on request. 

For important information about term deposits please download the Term Deposit Term Sheet. (65Kb PDF )

Term Deposit
TermInterest Frequency$5,000-$9,999$10,000-$249,999
30 - 59 days At Maturity 0.50% p.a. 0.50% p.a.
60 - 89 days At Maturity 1.50% p.a. 1.50% p.a.
90 - 119 days At Maturity 1.50% p.a. 2.50% p.a.
120 - 149 days At Maturity 2.00% p.a. 2.70% p.a.
150 - 179 days At Maturity 2.00% p.a. 2.80% p.a.
180 - 269 days At Maturity
Monthly
2.00% p.a.
2.00% p.a.
3.50% p.a. <span>Not available to financial institutions or investments over $5,000,000.</span>
3.50% p.a. <span>Not available to financial institutions or investments over $5,000,000.</span>
270 days < 12 months At Maturity
Monthly
2.00% p.a.
2.00% p.a.
3.10% p.a.
3.10% p.a.
12 months < 18 months At Maturity
Monthly
Compounding
2.50% p.a.
2.50% p.a.
2.50% p.a.
3.20% p.a.
3.10% p.a.
3.10% p.a.
18 months < 2 years At Maturity
Monthly
Compounding
2.50% p.a.
2.50% p.a.
2.50% p.a.
3.20% p.a.
3.10% p.a.
3.10% p.a.
2 years < 3 years At Maturity
Monthly
Compounding
2.50% p.a.
2.50% p.a.
2.50% p.a.
3.25% p.a.
3.10% p.a.
3.10% p.a.
3 years < 4 years At Maturity
Monthly
Compounding
3.00% p.a.
3.00% p.a.
3.00% p.a.
3.30% p.a.
3.10% p.a.
3.10% p.a.
4 years < 5 years At Maturity
Monthly
Compounding
3.00% p.a.
3.00% p.a.
3.00% p.a.
3.35% p.a.
3.15% p.a.
3.15% p.a.
5 years At Maturity
Monthly
Compounding
3.00% p.a.
3.00% p.a.
3.00% p.a.
3.40% p.a.
3.20% p.a.
3.20% p.a. 

Term Deposit - SuperGold (monthly income)^
TermRateMinimum investment
180 days 3.50% p.a. Interest paid monthly. Not available to financial institutions or investments over $5,000,000. $5,000
12 months 3.10% p.a. Interest paid monthly $5,000
2 years 3.10% p.a. Interest paid monthly $5,000

^SuperGold rates available to SuperGold cardholders. For terms 6 months and over. Interest is paid monthly into your nominated bank account.

Term Deposit - Interest paid at maturity
For terms less than 12 months, interest is paid in full at the end of the term (unless the interest rate relates to a monthly income option or SuperGold card rate). You can also elect to have interest paid at maturity for terms 12 months or longer.

Term Deposit - Monthly income
For terms of six months or longer you can choose to have interest paid monthly into your nominated bank account. This regular income stream can be ideal if you need to supplement other income such as NZ Superannuation.

Term Deposit - Compounding interest & regular interest
For terms 12 months or longer, you can choose to have interest paid every three (quarterly), six or 12 months. The default payment frequency is quarterly. Interest can be compounded (added automatically to your original investment) which allows you to earn ‘interest on your interest’, meaning your investment grows at a faster rate than if interest were paid out during the course of the investment or paid in full at maturity. Alternatively, you can choose to have interest paid separately into any New Zealand bank account which allows you to receive a periodic income stream that is less frequent than our monthly income option.

Find out more about term deposits here.

You can get a copy of the current Disclosure Statement for Westpac New Zealand Limited and a copy of the term sheet for Westpac Term Deposits from any Westpac branch in New Zealand free of charge. Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand.

Term PIE rates of return

Westpac Term PIE Fund rates of return

Rates for amounts of $250,000 or more are available on request.

For important information about the Term PIE Fund download the Westpac Term PIE Fund Term Sheet.

Westpac Term PIE Fund - Rates of return
TermReturn Frequency$5,000-$9,999$10,000-$249,999
30 - 59 days At Maturity 0.50% p.a. 0.50% p.a.
60 - 89 days At Maturity 1.50% p.a. 1.50% p.a.
90 - 119 days At Maturity 1.50% p.a. 2.50% p.a.
120 - 149 days At Maturity 2.00% p.a. 2.70% p.a.
150 - 179 days At Maturity 2.00% p.a. 2.80% p.a.
180 - 269 days At Maturity
Monthly
2.00% p.a.
2.00% p.a.
3.50% p.a.
3.50% p.a.
270 days < 12 months At Maturity
Monthly
2.00% p.a.
2.00% p.a.
3.10% p.a.
3.10% p.a.
12 months < 18 months At Maturity
Monthly
Compounding
2.50% p.a.
2.50% p.a.
2.50% p.a.
3.20% p.a.
3.10% p.a.
3.10% p.a.
18 months < 2 years At Maturity
Monthly
Compounding
2.50% p.a.
2.50% p.a.
2.50% p.a.
3.20% p.a.
3.10% p.a.
3.10% p.a.
2 years < 3 years At Maturity
Monthly
Compounding
2.50% p.a.
2.50% p.a.
2.50% p.a.
3.25% p.a.
3.10% p.a.
3.10% p.a.
3 years < 4 years At Maturity
Monthly
Compounding
3.00% p.a.
3.00% p.a.
3.00% p.a.
3.30% p.a.
3.10% p.a.
3.10% p.a.
4 years < 5 years At Maturity
Monthly
Compounding
3.00% p.a.
3.00% p.a.
3.00% p.a.
3.35% p.a.
3.15% p.a.
3.15% p.a.
5 years At Maturity
Monthly
Compounding
3.00% p.a.
3.00% p.a.
3.00% p.a.
3.40% p.a.
3.20% p.a.
3.20% p.a.

 

Westpac Term PIE Fund - Returns paid at maturity
For terms less than 12 months, returns are paid in full at the end of the term (unless the rate of return relates to a monthly income option). You can also elect to have returns paid at maturity for terms 12 months or longer.

Westpac Term PIE Fund - Monthly income
For terms of six months or longer you can choose to have returns paid monthly into your nominated bank account. This regular income stream can be ideal if you need to supplement other income such as NZ Superannuation.

Westpac Term PIE Fund - Compounding & regular return
For terms 12 months or longer, you can choose to have returns paid every three (quarterly), six or 12 months. The default payment frequency is quarterly. Returns can be compounded (added automatically to your original investment) which allows you to earn ‘returns on your returns’, meaning your investment grows at a faster rate than if returns were paid out during the course of the investment or paid in full at maturity. Alternatively, you can choose to have returns paid separately into any New Zealand bank account which allows you to receive a periodic income stream that is less frequent than our monthly income option.

Find out more about the Westpac Term PIE Fund here.

Investments made in the Westpac Term PIE Fund (“the Fund”) do not represent bank deposits or liabilities of Westpac New Zealand Limited (“Westpac NZ”) or any other member of the Westpac group of companies, and are subject to investment and other risk. No Westpac company or any person guarantees the Fund's performance, returns or payment of capital. Westpac accepts no responsibility for the availability or content of third party websites. You can get a copy of the current Disclosure Statement for Westpac New Zealand Limited, and a copy of the term sheet for the Fund from any Westpac branch in New Zealand free of charge. Rates of return quoted are subject to change and are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand. A copy of the Trust Deed for the Fund can be accessed here, and a copy of the latest audited PIE Financial Statements here.