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Term Deposits

Make your hard-earned savings work harder

Our term deposit investment terms range from 30 days to five years, offering competitive interest rates and flexible options to suit your individual needs.

Start your application

Please choose savings type.

Rates are subject to change without notice.

4 months fixed




6 months fixed




Notice Saver




How to open a Term Deposit

  1. Choose your deposit amount (min. $1,000), term and rate.
  2. Fill out your details and answer some tax questions.
  3. Let us know how you would like your interest to be paid.
  4. Someone from our team will be in touch.

Savings Bank Award 2018 - 2021

We are proud to have won Canstar's Bank of the Year - Savings Award for four years in a row. This award recognises the institution that provides the strongest combination of products and services for savers in New Zealand.

Got questions?

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, 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.
Yes, we will send a maturity notice prior to your Term Deposit maturing.

Looking for something else?

Heartland has a number of products that could help you manage your money and save for your goals.

Can't find what you're looking for?

We have a great team standing by to answer any of your investment questions.

Contact us