Term investments

With a term deposit or ASB Term Fund account you earn a fixed return over a time period that you choose. This could help you reach your savings goal faster.

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Great reasons to choose us

  • Enjoy fixed returns to suit your savings goals – from 30 days to five years
  • Pay your interest or returns directly into your New Zealand dollar bank account
  • Choose how and when you receive your investment returns
  • Easy to open and manage with FastNet Classic internet banking

How can we help you?

Money to invest

Looking to invest? Term deposits and ASB Term Fund accounts are investment options that provide a fixed return over the time period you choose.

Diversifying your investments

A term deposit or ASB Term Fund account could play a valuable role in your investment mix and provide a source of income.   

Living off your interest

Use the interest or returns you earn on your term deposit or ASB Term Fund account to pay yourself a regular income.

Saving for a goal

Saving for a goal? Compounding the interest or returns on your term deposit or ASB Term Fund account can help you achieve your savings goal faster.


Term deposit and ASB Term Fund rates

6 Months


18 Months


2 Years


Rates of return are before tax and any fees. Rates can change at any time. For terms of less than six months, interest is paid at maturity. For longer terms you can choose to have interest paid monthly, quarterly, six monthly, annually or at maturity or you can choose to have quarterly, six monthly or annual interest compounded. Monthly interest cannot be compounded and is only available on balances of $10,000 or more.

Tax tools

Resident Withholding Tax

Resident withholding tax (RWT) is the tax deducted on interest paid to New Zealand tax residents on their deposit accounts. We can help if you're not sure what your RWT rate should be.

Find my RWT

Prescribed Investor Rate

Prescribed investor rate (PIR) is the tax that applies to PIE products like an ASB Term Fund account. If you're not sure of your PIR we can help you find it by answering a few simple questions.

Find my PIR

Get started today

01. Log in

Log in to FastNet Classic internet banking and go to ‘Open & Apply’. Not yet with ASB or registered for FastNet Classic? Join now.

02. Set up

Decide how much to invest, for how long, and how your interest or returns should be paid.

03. Confirm

Confirm the details and that's it. You're good to go.

04. Manage

Log in anytime to manage your investment.

Open a term deposit or ASB Term Fund now

Open online

Open online and we’ll get you up and running as soon as possible. 

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Call us

We’re here to help.

0800 803 804

Visit a branch

Visit us at one of our many branches across New Zealand.

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Maximum total term deposits of $10 million per customer. Maximum amount across all ASB Term Fund accounts held either solely or jointly with any person is $10 million. Rates not available to financial institutions.

ASB's Terms and Conditions apply. For more information on ASB Term Fund refer to the ASB Term Fund and ASB Cash Fund Terms and Conditions. Units in the ASB Term Fund are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited ("ASB"). Investments made in the ASB Term Fund are not deposits with ASB. ASB guarantees account balances and returns due but not paid (less fees and any PIE tax). The guarantee is unsecured.  

ASBTerm investments