Kiwibank 5 Year Term Deposit Rate. Type Fixed: Rate 2.75%: Currency: NZD: Rate indicated is requires a minimum deposit of $50,000. The rate of 2.75% is 0.8% lower. At the same time, Kiwibank has boosted one key term deposit offer, raising its one year offer by +5 bps to 2.75%. While this may not seem like a material change, it does represent the first time that a major bank term deposit rate has risen in 2019 and the first rise by Kiwibank since November 2018. Term Deposit rates apply to the first $5 million of total deposits you hold with Kiwibank. If you are investing more than $5 million, please contact us to discuss rates.The effective rate takes into account the potential tax rate. Higher interest rates are on the cards but don’t hold your breath. Kiwibank lifted its term deposit rates – for the first time since February 2020 – against a backdrop of an improving NZ economy and as offshore worries about price pressures send US Treasury yields higher. Showing rates for Kiwibank. Return to top Term Deposits Up to 12 months More than 12 months: Provider Product Minimum Deposit Maximum Deposit Call 30 days.
