Term Deposits: invest from as little as $2,000 from 1 month to 4 years for a high return investment
A secure, low-risk investment option
Term Deposits allow you to place funds in an account where the interest rate is set for a fixed period of time.
Choose the term that suits you
Term Deposit investment terms range from 1 month to 4 years.
Earn competitive interest
- We offer high interest rates. Have a look at our latest interest rates.
- Interest is calculated on a daily balance basis.
- Interest on Standard Term Deposits and Special Term Deposits, unless otherwise specified, may be paid:
- at maturity; or
- at the end of each quarter (March, June, September, December) and at maturity.
- Interest on Monthly Income Account and Special Monthly Income Account is paid monthly from the date of deposit to an At Call Account with The Co-operative Bank or to an external bank account.
- You can choose interest to be paid in the following ways:
- if the Term Deposit is for a period of more than three months and interest is paid quarterly, it may be compounded to the Term Deposit.
- paid to an At Call account with The Co-operative Bank.
- paid to an external bank account.
Minimum deposits required
| Standard Term Deposit | $2,000 |
| Special Interest Rate Term Deposit | $5,000 |
| Monthly Income Account | $5,000 |
| Special Monthly Income Account | $5,000 |
Open a Term Deposit today
To open a Term Deposit, drop into your local branch, or call us today on 0800 554 554.
Interest rates and fees are subject to change. An Investment Statement and the current Disclosure Statement are available from any branch of The Co-operative Bank or can be downloaded here. For all lending products, The Co-operative Bank lending and insurance criteria, and fees apply. If a home loan is greater than 80% of the property's value, a low equity interest rate premium, will apply.
