Term deposits
4.25% p.a. for
24 months

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

Term deposits
4.25% p.a. for
24 months

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


3.05% p.a.

for 6 month term

4.15% p.a.

for 12 month term

Term deposit interest rates

Term   Investment rate^
1 month 0.70% p.a.
2 months 0.70% p.a.
3 months 1.75% p.a.
4 months 1.90% p.a.
5 months 2.35% p.a.
6 months 3.05% p.a.
9 months 3.40% p.a.
12 months 4.15% p.a.
18 months 4.15% p.a.
24 months 4.25% p.a.
36 months 4.45% p.a.
48 months 4.50% p.a.
60 months 4.60% 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      • If a term deposit is withdrawn, in full or in part, within the first 30 days, 0% interest will be applied to the withdrawn portion.
      • Where the deposit is withdrawn, in full or in part, before the maturity date but after the first 30 days, a reduced interest rate will be applied calculated using the advertised rate at the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, for the actual period of time the money was invested (as determined at our discretion), less 2%. The applicable interest rate will not reduce below 0%.

    ^Source: as published on www.interest.co.nz as of 19 July 2022.

    Ready to invest with us?

    Apply now

    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, customers are only eligible for one withdrawal per investment per term. Early redemptions incur a penalty interest rate. The penalty is a reduced interest rate which will be the advertised rate at the time the investment was opened, for the length of the time the money was invested (rounded down to the closest applicable rate), minus 2%.

    For example, 

    If a sum was originally invested for a period of two years but was redeemed after six months, the interest rate would be calculated using the six-month rate as it was advertised at the time the account was opened, less 2%.

    At the time the customer invested their funds, the following rates were advertised:

    6 months 2.40% p.a.
    9 months 2.45% p.a.
    12 months 2.50% p.a.
    24 months 2.55% p.a.

    The customer opted to invest their funds for 24 months at a rate of 2.55% p.a. After 6 months they decide to break the investment and withdraw the funds. As the actual period of the investment has only been 6 months, the rate applied is the 6-month rate as it was advertised at the beginning of the investment. A 2% penalty interest is also deducted from the rate. The withdrawn investment is calculated using a rate of 2.40% - 2%, which equals 0.40% p.a.


    term deposit vs saving account

    Term deposit? Or savings account?

    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.

    Read More…

    Is a fixed term investment worth it?

    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.


    term investment work

    What is a term deposit and how does it work?

    Whether you're saving for a car or retirement, fixed investment is a risk-free way to earn great returns. Keep reading to find out how they work and why they're a great way to save.

    Read more..

    term investment return

    What kind of return can I expect?

    Term investments offer a higher return than other savings options. But what does this mean for your money? Read on to find out what you can expect to earn with a term deposit.

    Read more..

    Helpful investment guides

    Savings 101 - Term Deposits

    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.


    Saving for retirement

    Saving for retirement? Try these five strategies

    With spare change hard to come by, it can be tough to set money aside for your nest egg. Keep reading as we share five great savings strategies that'll help make your latter years some of your best.


    Retirement investment tips

    Four investment tips that'll boost your retirement savings

    Retirement is an exciting time for any Kiwi. Or, it should be. If like most Kiwis you're struggling to save, don't give up. Instead, click through for some great ways to supercharge your retirement savings.


    Blogs & guides

    Looking for more info? Check out our other guides.

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