Compare New Zealand bonds

Looking for the best New Zealand bonds and term deposits to earn a guaranteed return in NZ dollars? CompareBonds.co.nz publishes independent comparison tables covering banks, councils and corporate issuers.

Browse the tables below to see the country's best fixed returns, with terms from three months to seven years. All rates are shown in NZD and our chart is updated hourly.

Today's best NZ bond rates

We found 17 products matching your filters ยท Last updated: 2 hours ago

Christian Savings 3 Year Fixed Term Investment

Rate p.a.
5.60%
Term
3 Years
Min Investment
$10,000
Max Investment
$500,000
Interest Paid
Quarterly
Access
Online

Auckland Council Sustainability Retail Bond

Rate p.a.
5.55%
Term
3 Years
Min Investment
$10,000
Max Investment
$2,000,000
Interest Paid
Semi-Annually
Access
Broker

Heartland Bank 1 Year Term Deposit

Rate p.a.
5.45%
Term
1 Year
Min Investment
$10,000
Max Investment
$1,000,000
Interest Paid
Annually
Access
Online

Rabobank NZ 18 Month Term Deposit

Rate p.a.
5.35%
Term
18 Months
Min Investment
$10,000
Max Investment
$2,000,000
Interest Paid
Quarterly
Access
Online

Kiwibank 1 Year Term Deposit

Rate p.a.
5.30%
Term
1 Year
Min Investment
$10,000
Max Investment
$2,000,000
Interest Paid
On Maturity
Access
Online

SBS Bank 9 Month Term Deposit

Rate p.a.
5.25%
Term
9 Months
Min Investment
$10,000
Max Investment
$1,000,000
Interest Paid
On Maturity
Access
Online

The Co-operative Bank 1 Year Term Deposit

Rate p.a.
5.15%
Term
1 Year
Min Investment
$10,000
Max Investment
$1,000,000
Interest Paid
Monthly
Access
Online

ASB Bank 6 Month Term Deposit

Rate p.a.
5.10%
Term
6 Months
Min Investment
$10,000
Max Investment
$5,000,000
Interest Paid
On Maturity
Access
Multichannel

TSB Bank 2 Year Term Deposit

Rate p.a.
5.05%
Term
2 Years
Min Investment
$10,000
Max Investment
$2,000,000
Interest Paid
Annually
Access
Online

ANZ New Zealand 1 Year Term Deposit

Rate p.a.
5.00%
Term
1 Year
Min Investment
$10,000
Max Investment
$5,000,000
Interest Paid
Annually
Access
Multichannel

BNZ 2 Year Term Deposit

Rate p.a.
4.95%
Term
2 Years
Min Investment
$10,000
Max Investment
$5,000,000
Interest Paid
Quarterly
Access
Online

Westpac NZ 3 Month Term Deposit

Rate p.a.
4.60%
Term
3 Months
Min Investment
$10,000
Max Investment
$5,000,000
Interest Paid
On Maturity
Access
Multichannel

What is a NZ bond?

A bond or term deposit pays a fixed rate of interest in NZ dollars for a set term, from 3 months up to seven years.

Are my savings protected?

From mid-2025 the NZ Depositor Compensation Scheme protects eligible bank deposits up to NZ$100,000 per depositor, per institution. Corporate bonds are not covered.

Can I access my money early?

Term deposits usually charge a break fee and require notice. Listed bonds can be sold on the NZX debt market at the prevailing price.