Term Deposits
Make your hard-earned savings work harder
Our term deposit investment terms range from 1 month to 5 years, offering competitive interest rates and flexible interest options to suit your individual needs.
View ratesCompare 1 year term deposit rates
Information sourced from interest.co.nz on 15/01/2021. Comparisons shown are products with features closest to Heartland's 1 year Term Deposit, i.e. has a term of one year, pays interest quarterly or monthly and has a minimum deposit of $1000 (note the rates shown for each bank above are based on the interest rate available for the lowest minimum deposit on a one year term deposit).
Fixed rate, fixed term, fixed return
Savings Bank Award 2018 - 2020
We are proud to have won Canstar's Bank of the Year - Savings Award for three years in a row. This award recognises the institution that provides the strongest combination of products and services for savers in New Zealand.
3 ways to invest
Online
Complete the easy online application anytime, anywhere.
Send
Fill out an application form and email to [email protected] or post to: Retail Investments Team, PO Box 9919, Newmarket, Auckland 1149
Our other savings accounts
Looking for something else? Heartland Bank savings accounts are a great way to put aside your money and save for your goals. Here are a few options:
- Withdraw money from your Heartland Saver account at any time
- Interest calculated daily and paid monthly
- Call us today on 0800 85 20 20
- Interest calculated daily and paid monthly
- No penalties when you give 30 days' notice of withdrawals
- Call us today on 0800 85 20 20
Why choose Heartland?
(Outlook Stable) Credit Rating from Fitch Ratings
for New Zealand
years' experience managing Kiwis' money
Questions? We have answers
A term deposit is a fixed term investment. However, Heartland understands that people’s circumstances do change. Heartland may accept written requests for early repayment in certain circumstances such as the death of an investor or unforeseen financial hardship (but is not required to do so). If Heartland does agree to an early repayment, the interest rate payable in respect of your term deposit may be reduced.
You are able to request an early full or partial break by contacting our Retail Investments team on 0800 85 20 20 or [email protected].
For terms of 12 months or longer with a minimum deposit of $50,000, interest can be paid out monthly to a New Zealand bank account of your choice.
Prior to the maturity date of your Heartland Term Deposit, Heartland will give you notice to tell you that your investment is about to mature. This maturity notice will give you the option to reinvest the full balance, reinvest part of the balance or pay the matured funds into another bank account.
Yes.
Yes, you can have interest paid to any New Zealand bank account of your choice.
Yes, you can open a term deposit account without any other Heartland account.
$1,000
Yes, we will send a maturity notice prior to your Term Deposit maturing.
Can't find what you're looking for?
We have a great team standing by to answer any of your investment questions.
Contact usTalk to our friendly staff about the right option for you, or click here for a copy of our latest Disclosure Statement, brochures, product fact sheets and application forms.
Rates are subject to change. Terms and conditions are available here.