Key benefits
-
check
Competitive interest rates
-
check
No monthly fees
Rates
Product overview
If you have a lump sum of money you won't need to access for a period of time, our Term Deposit might be just the answer. It offers competitive interest rates that are locked in for the term of the deposit, making this a secure way to invest your money and earn a great return. Fixed terms start from two months up to five years. And you only need $5,000 to get started.
Important to note: A 31 day notice period and fees apply for early withdrawals.
Flexible interest payment frequency
For investments of one year or more interest can be paid annually or monthly. For investments less than a year, interest is paid at maturity.
A secure rate
You have the security of a fixed rate for a fixed term.
Viewable online
You can view your Term Deposit at any time via Online Banking or with the People First Bank App.
Terms and fees
- Download our Term Deposit Accounts Terms & Conditions brochure.
- Download our Term Deposit Notice to Depositors brochure.
Deposit Accounts Interest Rates
Download our Deposit Accounts Interest Rates document.
Target Market Determination
Target Market Determinations for our products are available on our Target Market Determinations page.
What else do I need to consider?
Do some quick maths
To work out how much you can save and how long it will take you, view our savings calculator.
FAQs
Yes. If you decide to withdraw or transfer part or all of the account balance of your term deposit after the grace period has expired but before the maturity date, you can discuss this request with one of our specialists at your local branch or call us on 13 11 82. Any withdrawal outside the grace period or before maturity will be subject to the conditions and any applicable fees as outlined in our Term Deposit Accounts Terms & Conditions.
Should you decide to withdraw or transfer part or all of the account balance of your term deposit account after the grace period has expired but before the maturity date, you can ask us. People First Bank generally requires 31 days' notice of your intention to withdraw funds early and has the discretion to delay the withdrawal or transfer of the funds until the end of the notice.
Need some help? We've got you covered.
Get in touch with us and we can help you get the answers you need.
Access forms, brochures, support articles, FAQs and more below.
Log into Digital Banking to send us a secure message by clicking the link below, or by using your People First Bank App.
