Asb Term Deposit
The latest to cut term deposit rates to very low levels is ASB. We have noted these levels before, but here are the mid-October updates. And the highest rates (even if they aren't high in the normal definition of the term) are as follows. Heartland Bank now features in this review. ASB now offers the lowest term deposit rates of any major bank for all terms. ASB has tended to lead the savings rate offers down, and more recently they have been followed when they cut lower. ASB is increasing its term deposit rates, including lifting the 60-month term deposit rate by 0.75% to a market leading 1.75%. ASB’s Executive General Manager of Retail Banking, Craig Sims, says ASB is taking the opportunity to offer Kiwis with cash savings some highly competitive term deposit.
Asb Term Deposit Rate
ASB is increasing its term deposit rates, includinglifting the 60-month term deposit rate by 0.75% to a marketleading 1.75%.
ASB’s Executive General Manager ofRetail Banking, Craig Sims, says ASB is taking theopportunity to offer Kiwis with cash savings some highlycompetitive term deposit options while also balancing theneeds of borrowers who have been benefiting for some timefrom an extremely low interest rateenvironment.
“While there’s been much focus onhome loan rates, customers with funds to invest are oftenseeking to balance their portfolios, and term deposits canbe an important part of the mix.
“Given theperformance of the New Zealand economy through COVID-19 hasbeen stronger than anyone anticipated and our commitment tohelping the financial progress of all New Zealanders we’repleased to be able to support our savers with these marketleading term deposit rates.”
In addition to the new60-month rate, ASB has also increased the rates for depositterms from 9 to 48 months. The below rate changes areeffective from Tuesday 2 March 2021.
Asb Bank Term Deposit
Moreinformation on term deposit rates can be found at ASB’sTerm investmentrates
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
Contact ASB Bank
- Info on - Bank Accounts
- Info on - ASB Home Loans
- Info on - ASB Credit Cards
- Link to - Mortgage Calculator
- Info on - Business Banking
- Info on - ASB Kiwisaver
- Link to - ASB Blog
- Info on - Personal Loans
About Us Advertise Contact Us Terms & Conditions RSS Feeds |
Choose lender(s):
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2021. Tarawera Publishing Ltd. All Rights Reserved.