Term Deposit Report: Mixed forces on TD rates over 2026
- Term deposit rates have moved up and down significantly over recent years as the economy, and in turn interest rates, have adjusted to everything from the pandemic to a global oil price shock
- Term deposit (TD) interest rates can change as financial markets anticipate and responded to Reserve Bank (RBNZ) Official Cash Rate (OCR) moves
- Last year the RBNZ was easing the OCR, and this July, the RBNZ began lifting the OCR
Contact us
Chris Tennent-Brown
ASB Wealth Senior Economist
Chris has worked as an economist for ASB and Commonwealth Bank of Australia in Sydney since 2005. His work has involved monitoring and forecasting trends in the New Zealand economy, with a focus on drawing implications for financial markets and investments. Chris is passionate about savings issues, and much of his current work is focussed on broadening peoples understanding of investments. Chris obtained a Bachelor of Commerce at Auckland University, majoring in Economics, and prior to joining ASB worked in the funds management industry for Bankers Trust and BT Funds Management. With over 20 years' experience in finance, Chris has also spent several years farming, and was a New Zealand representative cyclist. When not at work, Chris likes to travel, cycle, and spend time with his family and numerous pets.
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Email: Chris