Term deposits
5.05% p.a. for
6 months*

Grow your money with a Unity term deposit. Choose your investment period and apply online today.

Open online

Term deposits
5.05% p.a. for
6 months*

Grow your money with a Unity term deposit. Choose your investment period and apply online today.

Open online

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 2.50% p.a.
2 months 2.50% p.a.
3 months 4.15% p.a.
4 months 4.25% p.a.
5 months 4.80% p.a.
6 months 5.05% p.a.
9 months 4.90% p.a.
12 months 4.65% p.a.
18 months 4.45% p.a.
24 months 4.25% p.a.
36 months 4.25% p.a.
48 months 4.15% p.a.
60 months 4.15% 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
    • These are indicative rates only and may be subject to change without notice
    • If an early withdrawal is approved by Unity, a reduced rate of interest will apply as follows:
      • If a term deposit is withdrawn, in full or in part, within the first 30 days, 0% interest will be applied to the withdrawn portion.
      • Where the deposit is withdrawn, in full or in part, before the maturity date but after the first 30 days, a reduced interest rate will be applied calculated using the advertised rate at the time the term deposit was opened, less 2%. The applicable interest rate will not reduce below 0%.

    As published on interest.co.nz as at 29 November 2024.

    Ready to invest with us?

    Open online

    If you are already a Unity member then you can apply for a term deposit through your internet banking. Don't have internet banking? Then sign up here.

    Making an early withdrawal

    Unity may approve an early withdrawal of funds from a term deposit. If approved, members are only eligible for one withdrawal per investment per term. Early redemptions incur a penalty interest rate which will be the advertised rate at the time the investment was opened, minus 2%.

    For example: if funds are invested for 12 months at 6.00% p.a., but redeemed early, the interest rate would be 4% (calculated at 6.00% - 2% penalty = 4%).

    FAQ 

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    Blogs & guides

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    The current Credit Risk Statement, Product Disclosure Statement and other disclosure statements are available here or from any of our branches.