Term deposits
6.05% p.a.* for
12 months

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

Open online

Term deposits
6.05% p.a.* for
12 months

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

Open online

Hero rates

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.

3 months

4.20% p.a. 

6 months

6.00% p.a.

9 months

6.00% p.a.

12 months

6.05% p.a.

24 months

5.65% p.a.

Term deposit interest rates

Term   Investment rate*
1 month 2.50% p.a.
2 months 2.50% p.a.
3 months 4.20% p.a.
4 months 4.30% p.a.
5 months 4.50% p.a.
6 months 6.00% p.a.
9 months 6.00% p.a.
12 months 6.05% p.a.
18 months 5.80% p.a.
24 months 5.65% p.a.
36 months 5.30% p.a.
48 months 5.30% p.a.
60 months 5.20% 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      • If a term deposit is withdrawn, in full or in part, within the first 30 days, 0% interest will be applied to the withdrawn portion.
      • Where the deposit is withdrawn, in full or in part, before the maturity date but after the first 30 days, a reduced interest rate will be applied calculated using the advertised rate at the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%.

    As published on interest.co.nz as at 11 March 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, 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.

    FAQ 

    term investment return

    What kind of return can I expect?

    Term investments offer a high return. 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...

    term deposit vs fixed deposit2

    Fixed vs Term deposit. What's the difference?

    Term deposit? Fixed deposit? What’s the difference and which one is best for you? The decision isn’t as complicated as you think. Read on to find out why.

    Read more...

    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 really 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.

    Read More...

    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..

    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.

    Read More...

    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.

    Read More...

    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.

    Read More...

    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.