ASB's terms apply. Minimum deposit $10,000. Offer available until 30 September 2016.
A term deposit could be a good option if you have more than $5,000 to deposit and you want it to earn a fixed interest rate over a fixed period of time.
If you have an income tax rate of 30% or 33%, have a look at an ASB Term Fund as it may provide you with better after-tax returns than a term deposit offering the same interest rate, term and fees.
You can open a term deposit with a minimum deposit of $5,000 and can choose a term from 30 days to five years.
Depending on the term, interest can be paid quarterly, six-monthly, annually or at the end of the term. You can also have it paid monthly for deposits of more than $10,000, and terms of six months or longer.
For term deposits of six months or longer, interest can be compounded to your investment. Compounding interest is available when returns are paid quarterly, six-monthly or annually. Monthly interest cannot be compounded.
Choose the monthly interest option to enjoy a regular income from your term deposit, paid directly into your New Zealand dollar bank account. To do this, you'll need to deposit $10,000 or more for at least six months.
You can ask to make an early withdrawal by giving us 31 days’ notice. If we agree we will apply a reduced interest rate for your early withdrawal. Find out more about early withdrawals.
30 Days
$10,000+
6 Months
$10,000+
3 Years
$10,000+
Log in to FastNet Classic internet banking and go to ‘Open & Apply’. Not yet with ASB or registered for FastNet Classic? Join now.
Decide how much to invest, for how long, and how your interest or returns should be paid.
Confirm the details and that's it. You're good to go.
Log in anytime to manage your investment.
Whether you’re a night owl or an early bird, you can open and manage a term deposit at any time, or change your payment instructions for maturity with FastNet Classic internet banking or FastNet Business.
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A savings account that rewards you for not making withdrawals.
A tax-efficient way to save for those on a 30% or 33% tax rate.
A PIE alternative to a term deposit for those on a 30% or 33% tax rate.
ASB's Terms and Conditions apply. Maximum total term deposits of $10 million per customer. Rates not available to financial institutions.