ASB term deposits make it easy to earn competitive interest.
Easy to open. Simply choose:
- How long you want to invest for.
- How you'd like the interest to be paid.
You can open a personal term deposit by logging into FastNet Classic or at any ASB branch or by calling 0800 650 506.
Interest frequency options
- Depending on the term you select, interest can be paid monthly (for deposits of at least $10,000), quarterly, six-monthly, annually or at the end of the term.
- For term deposits of six months or longer, interest can be compounded to your investment (monthly interest cannot be compounded). That way you’ll earn interest on your interest.
Investing for a regular income
- If you plan to earn a regular income from your term deposit, ask about our monthly interest option.
- You'll need to invest a minimum of $10,000 for a term of at least six months.