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Term deposits

Term deposits

Great rates with a fixed return

  • Competitive interest rates to maximise your savings.
  • Fixed returns over any term from 30 days to 5 years.
  • Easy to manage online through FastNet Classic.

Get in touch with us:
Or phone:
0800 650 506
More about
Interest rates and fees
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More about

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.
Disclaimer: ASB's terms and conditions apply. Maximum total term deposits of $10 million per customer.