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Term Deposits

Make your funds work for you.

With investment terms ranging from 1 month to 5 years, you can make your money work harder to get you to your future goals. Open one or multiple accounts and watch your funds grow with investment terms that match your financial goals.

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Direct Call Account

Term Deposit

Please choose savings type.

Rates are subject to change without notice.

Compare 6 month term deposit rates


Information sourced from on 17/04/2020. Comparisons shown are products with features closest to Heartland's 6 month Term Deposit, i.e. has a term of six months and a minimum deposit of $1000 (note the rates shown for each bank above are based on the interest rate available for the lowest minimum deposit on a six month term deposit).

Fixed rate, fixed term, fixed return

Choose to invest from 30 days to five years
No set up or on-going fees
Watch your deposit grow through the Heartland Mobile App

Savings Bank Award 2018 - 2019

We are proud to have won Canstar's Bank of the Year - Savings Award for two years in a row. This award recognises the institution that provides the strongest combination of products and services for savers in New Zealand.

3 ways to invest


Complete the easy online application anytime, anywhere.


Fill out an application form and email to [email protected] or post to: Retail Investments Team, PO Box 9919, Newmarket, Auckland 1149


Call us today on
0800 85 20 20

Let's get started.

Direct Call Account

Term Deposit

Please choose savings type.

Rates are subject to change without notice.

Our other savings accounts

Looking for something else? Heartland Bank savings accounts are a great way to put aside your money and save for your goals. Here are a few options:

Heartland Saver
  • Withdraw money from your Heartland Saver account at any time
  • Interest calculated daily and paid monthly
  • Call us today on 0800 85 20 20
Heartland Savings Optimiser
  • Interest calculated daily and paid monthly
  • No penalties when you give 30 days' notice of withdrawals
  • Call us today on 0800 85 20 20
View all rates

Why choose Heartland?


(Outlook Stable) Credit Rating from Fitch Ratings


for New Zealand


years' experience managing Kiwis' money

Questions? We have answers

A term deposit is a fixed term investment. However, Heartland understands that people’s circumstances do change. Heartland may accept written requests for early repayment in certain circumstances such as the death of an investor or unforeseen financial hardship (but is not required to do so). If Heartland does agree to an early repayment, the interest rate payable in respect of your term deposit may be reduced.

You are able to request an early full or partial break by contacting our Retail Investments team on 0800 85 20 20 or [email protected].

For terms of 12 months or longer with a minimum deposit of $50,000, interest can be paid out monthly to a New Zealand bank account of your choice.

Prior to the maturity date of your Heartland Term Deposit, Heartland will give you notice to tell you that your investment is about to mature. This maturity notice will give you the option to reinvest the full balance, reinvest part of the balance or pay the matured funds into another bank account.


Yes, you can have interest paid to any New Zealand bank account of your choice.

Yes, you can open a term deposit account without any other Heartland account.


Yes, we will send a maturity notice prior to your Term Deposit maturing.

View our Heartland Account & Service fee guide

View service fee guide

Read our Credit Rating and find out how it relates to you

View credit rating

Go to our Documents and Forms page to view and download

View documents & forms

Summary of Terms & Conditions for our investment accounts

View terms & conditions

Can't find what you're looking for?

We have a great team standing by to answer any of your investment questions.

Contact us

Talk to our friendly staff about the right option for you, or click here for a copy of our latest Disclosure Statement, brochures, product fact sheets and application forms.
Rates are subject to change. Terms and conditions are available here.