Fixed Deposit Calculator — New Zealand
Calculate your fixed-deposit maturity value and interest in NZD at current rates. No signup, no account needed.
Fixed deposit rates in New Zealand (2026)
ANZ term deposit rates (Sept 2026): 3.90% for 1 year, up to 4.70% for 5 years. Compare BNZ, Kiwibank and ASB — rates vary by term and deposit size.
At around 3.9%, the fixed-deposit rate in New Zealand is around the typical range for developed-market deposits.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every $100,000 deposited at 3.90% for 5 years (quarterly compounding):
- Maturity value: $121,416
- Interest earned: $21,416
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in New Zealand
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
A named-lender rate check: ANZ term deposits (2026)
ANZ New Zealand’s published term deposit rate table (last updated 21 September 2026) lists 3.90% p.a. for a 1-year term, rising to 4.30% for 2 years, 4.40% for 3 years and 4.70% for 5 years — its highest rate on offer. Shorter terms pay less: 1.80% for 1 month, 2.90% for 3 months, and 3.55% for 6 months. A NZ$10,000 minimum deposit applies.
Deposits at a licensed New Zealand bank are protected by the Reserve Bank’s Depositor Compensation Scheme (DCS), in effect since July 2025, which covers up to NZD 100,000 per depositor per deposit taker.
Frequently Asked Questions
How is FD maturity calculated in New Zealand?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in New Zealand?
As a 2026 reference, fixed-deposit rates are around 3.9% per year, varying by bank and tenure. ANZ term deposit rates (Sept 2026): 3.90% for 1 year, up to 4.70% for 5 years. Compare BNZ, Kiwibank and ASB — rates vary by term and deposit size.
Is FD interest taxable in New Zealand?
In New Zealand, term deposit interest is taxable income, usually deducted at source as Resident Withholding Tax (RWT) at a rate matching your income tax bracket. There is no separate tax-free allowance for term deposit interest — check your correct RWT rate with your bank or IRD.
Is a fixed deposit safe in New Zealand?
Fixed deposits carry no market risk. In New Zealand, deposits are protected by the Reserve Bank's Depositor Compensation Scheme (DCS), in effect since July 2025, covering up to NZD 100,000 per depositor per deposit taker. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in New Zealand?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
What is the current term deposit rate in New Zealand?
As a September 2026 reference, ANZ's own rate table lists 3.90% p.a. for a 1-year term deposit, rising to 4.70% for 5 years. Rates vary by bank, term and deposit size — compare BNZ, Kiwibank and ASB before committing.
Are New Zealand term deposits protected if a bank fails?
Yes, up to NZD 100,000 per depositor per deposit taker, under the Reserve Bank's Depositor Compensation Scheme (DCS), which has been in effect since July 2025.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
ANZ term deposit rates, effective 21 September 2026: ANZ Term Deposit Rates – termdepositrates.co.nz. Depositor Compensation Scheme coverage limit: How much money does the DCS protect? – Reserve Bank of New Zealand. See our methodology and editorial policy for how we source and update this data.