BNZ offers 4% term deposit rate BNZ has introduced a two-year deposit rate special of 4%. Monday, 21 November 2016 Acting director of retail and marketing David Bullock said it was the first time in more than a year that a two-year term deposit rate from a major bank had been available at that level. Comments from our readers On 14 December 2016 at 1:57 pm Murray Weatherston said: Clever marketing. But is it misleading? When you check the fine print, the 4.0% interest is payable at maturity. My trusty HP12C tells me the equivalent rate compounded quarterly is only 3.87% p.a. which is still high for the times but not quite as sexy as a 4 figure. Sign In to add your comment Printable version Email to a friend

Newsletter Signup Weekly Updates including news and commentary Today's Best Bank Rates Call 90 day 1 year 2 year Rabobank 5.25 Based on a $50,000 deposit    More Rates » Rabobank 5.05 Based on a $50,000 deposit    More Rates » Heartland Bank 6.30 Rabobank 6.30 Based on a $50,000 deposit    More Rates » Heartland Bank 6.10 Rabobank 6.10 Based on a $50,000 deposit    More Rates » Today's Top 5 Deposit Rates Call 90 day 1 year 2 year Institution Rate Product Rabobank 5.25 Rabobank PremiumSaver - max rate Squirrel 5.00 On-Call accounts Co-operative Bank 4.75 Step Saver - current bonus and standard rate Heartland Bank 4.60 Heartland Direct Call Heartland Bank 4.60 Heartland Business Call Based on a $50,000 deposit    More Rates » Institution Rate Product General Finance 5.35 Deposit Rate Rabobank 5.05 Rabobank Term Deposits ICBC 4.90 ICBC Term Deposit Online ICBC 4.90 ICBC Term Deposit Online First Credit Union 4.75 Term Investment Based on a $50,000 deposit    More Rates » Institution Rate Product General Finance 7.50 Deposit Rate Xceda Finance 7.20 Term Deposit Liberty Financial Limited 7.10 Term Deposit First Credit Union 6.50 Term Investment Heartland Bank 6.30 Heartland Term Deposit Based on a $50,000 deposit    More Rates » Institution Rate Product General Finance 7.50 Deposit Rate Xceda Finance 7.50 Term Deposit Liberty Financial Limited 7.00 Term Deposit Heartland Bank 6.10 Heartland Term Deposit Heretaunga Building Society 6.10 Term Investment Based on a $50,000 deposit    More Rates » Find a Rate Show me the rates for $ invested over Call1 month2 months3 months5 months6 months9 months12 months18 months24 months36 months48 months60 months Use the full calculator Cash PIE Rates Institution Rate 30% 33% ANZ 2.75 - - ASB Bank 2.90 - - ASB Bank 2.90 - - ASB Bank 2.90 - - ASB Bank 2.90 - - ASB Bank 2.90 - - BNZ - - - Heartland Bank 4.60 - - Kiwibank - - - Kiwibank 4.50 - - Nelson Building Society - - - SBS Bank - - - TSB Bank 3.35 3.35 3.63 Westpac 4.50 - - Westpac 1.00 - - Westpac 3.50 - - More » Previous News 3 July 2017 Finance boost for UDC buyer 21 June 2017 UDC vote approves trust deed change 6 June 2017 UDC: On track for sale 4 May 2017 FMT ticks over $500m in investments 10 April 2017 Shareholders chip in MORE NEWS » Latest Trends Coming Soon MORE »

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