BNZ has introduced a two-year term deposit rate special of 4.00% p.a, available for two weeks from 21 November 2016.
BNZ’s acting director of retail and marketing David Bullock says it is the first time in over a year that an interest rate on a two year term deposit from one of the major banks has hit the 4% interest mark, welcome news for savers.
“While interest rates are generally low, it's great to be able to offer good returns to reward long term savers,” said Bullock.
The special deposit rate requires a minimum investment $5,000 with interest at maturity. BNZ’s standard terms and conditions apply.