Term deposits
3.45% p.a. for
6 months*
Grow your money with a Unity term deposit. Choose your investment period and apply online today.
Term deposits
3.45% p.a. for
6 months*
Grow your money with a Unity term deposit. Choose your investment period and apply online today.
Term deposits
Term deposits aren't just a smart financial choice, but a great way to start your financial journey without the temptation to dip in! Watch your money grow from as little as $1,000 (or $500 for under 18's) today.
Interest rates
| Term | Investment rate* |
| 1 month | 1.80% p.a. |
| 2 months | 1.80% p.a. |
| 3 months | 2.90% p.a. |
| 4 months | 3.00% p.a. |
| 5 months | 3.10% p.a. |
| 6 months | 3.45% p.a. |
| 9 months | 3.40% p.a. |
| 12 months | 3.35% p.a. |
| 18 months | 3.50% p.a. |
| 24 months | 3.55% p.a. |
| 36 months | 3.55% p.a. |
| 48 months | 3.55% p.a. |
| 60 months | 3.55% p.a. |
- Choose your investment period
- Interest is calculated on a daily basis
- Interest can be paid at regular intervals (monthly or quarterly) or on maturity to any account of your choice.
- Investors are advised of their options prior to maturity
- Maximum deposit is $1.5 million per member
- Minimum deposit is $1,000 for members and $500 for members under 18 years old
- If an early withdrawal is approved, a reduced interest rate will apply. Refer to the Early Withdrawals section below.
- Unity term deposits are protected by the Depositor Compensation Scheme
- These are indicative rates only and may be subject to change without notice
As published on interest.co.nz as at 25 February 2026.
Ready to invest with us?
Is a Term Deposit right for you?
A term deposit gives you a fixed interest rate for a set period, making it a simple way to grow your savings.
Before you apply, think about whether you'll need access to your money before the end of the term. Early withdrawals are at Unity's sole discretion and will reduce the interest you receive.
If you'd like easier access to your money, one of our savings accounts may be a better fit.
Cooling off period
We understand things can change. If you decide a Term Deposit isn’t right for you, you have 30 days after opening it to ask to withdraw some or all of your money.
If you withdraw funds during this time, no interest will be paid on the amount withdrawn.
After the 30-day cooling-off period, your money will stay invested until your agreed term ends. If you need access to your money earlier, any request for an early withdrawal will be considered by Unity at our sole discretion.
Early withdrawals
If you are already a Unity member then you can apply for a term deposit through your internet banking. If you don't already have access to Internet Banking, you can register here.
Term Deposits are designed to be held until maturity. If you need to access your money earlier, we may be able to approve an early withdrawal in certain circumstances. Any early withdrawal is at Unity’s discretion.
If an early withdrawal is approved, a reduced interest rate will apply:
-
If funds are withdrawn in full or in part within the first 30 days, no interest will be paid on the amount withdrawn.
-
If funds are withdrawn in full or in part after the first 30 days and before maturity, the interest rate will be based on the advertised rate that applied when your Term Deposit was opened, for the period your money was invested, less 2%. The interest rate applied will not be less than 0%.
-
For example, if you invest $10,000 for 12 months at 6.00% p.a. and withdraw your money after the first 30 days but before maturity, the interest rate applied would be 4.00% p.a. (6.00% less the 2% early withdrawal adjustment).
If your Term Deposit is withdrawn early, the amount of withholding tax paid on interest may need to be adjusted. If you have any questions about your tax position or whether you may be entitled to a refund, please contact Inland Revenue (IRD) or speak with your accountant or tax adviser.
If you need access to your money before your Term Deposit matures, get in touch with us and we’ll talk you through your options.
Frequently asked questions
What is a term deposit and how does it work?
Whether you're saving for a car or retirement, fixed investment is a great way to earn returns. Keep reading to find out how they work and why they're a good way to save.
Term deposits or savings?
Term investments? Savings accounts? Which is best? If you're struggling to choose, we've got you covered. Keep reading as we compare the two most popular ways to save.
Are term deposits worth it?
If you want to start saving, you're in luck. There's an option to suit all styles. So why should you consider a fixed deposit? Read on as we explore why they're a safe financial bet.
Helpful investment guides
Everything you need to know about term deposits
Whether you're saving for a big-ticket item or retirement, a term deposit is a great way to save. Click through as we fill you in on everything you need to know about this high-earning investment option.
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Four investment tips that'll boost your retirement savings
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