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  • Notice to Members:

    CHRISTMAS CLOSURE:  All our branches will be closed from 25 December to 4 January.  Other than that, our branches at Penrose, Manukau and Highbrook are open at their normal hours, but with COVID-19 protocols (click here to view protocols).

    Term Deposits make the most of your hard-earned savings

    We offer flexible and competitive Term Deposit options to get the most for your investment and to suit your needs.

    Reach your savings goals

    Interest Calculated Daily

    Flexible and competitive interest calculated on a daily basis. Just watch your investment grow.

    Maturity Options

    You can arrange to get paid interest at regular intervals (conditions apply) or on maturity to any account of your choice*

    Term Length to Suit You

    Choose a term that fits with the amount of time you have to invest; from 90 days to 60 months.

    NZCU Term Deposit notes

    • *You are advised of your options prior to maturity, including reinvesting for a further term
    • The Credit Union is not rated because it is operating under an exemption from the Reserve Bank of New Zealand Act 1989 to have a credit rating
    • Money from term deposits is invested into your local community to help New Zealanders succeed together.

    Term Deposit Rates

    Effective:  27 July 2021

    (Rates subject to change without notice; rates for other terms on request)
    * Interest paid or compounded quarterly

    Term$500 – $9,999$10,000 – $500,000
    3 months0.60% p.a.0.60% p.a.
    6 months*1.05% p.a.1.15% p.a.
    9 months*1.05% p.a.1.15% p.a.
    12 months*1.25% p.a.1.40% p.a.
    18 months*1.25% p.a.1.40% p.a.
    24 months*1.30% p.a.1.50% p.a.