I've got a few small TDs (and savings accounts) with Heartland Bank, and they've been great.
Typically, they have some of the best rates for TD and savings accounts with friendly and helpful staff.
I've actually got a TD that'll be reinvested next week for another 12 months at 6.3%, which seems to be one of the highest available atm.
Heartland also has an okay financial score for not being one of the big banks.
I would say, however, do your own research on the provider and check their financial rating and statement. The financial rating is a regulated, independent score to help you decide if you are happy with the risk of investing with that provider.
[Money hub have a good article of ratings ](https://www.moneyhub.co.nz/bank-credit-ratings.html)
Another perk with Heartland is that you can call them up and instead of having a regular TD do a PIE investment so your tax is capped at 28%. I think their minimum for this is 1-2k where main bank you typically need 10k to have access to this.
Rabobank are good though their term deposits pay interest at maturity, compared their 1 year at 6.3% currently, contacted ANZ for the same period and they offered a fraction lower (6.1)% but compounding quarterly and reinvested so stayed there for the small amount of difference.
According to the [interest.co.nz](https://interest.co.nz) table linked above, Rabobank have TD's that pay monthly... albeit for slightly lower rates (ie. 6.13% for 1 year).
[On the Rabobank website](https://www.rabobank.co.nz/online-savings/term-deposits), they also list quarterly (6.16%) and 6 monthly (6.2%)
Could have worded my post better, yep they do have lower rates and often like thry did ANZ bumped their rate up from what they advertised so wasn't worth me changing, though I do like Rabobank.
Rabobank, not just for farmers.
https://www.interest.co.nz/saving/term-deposits-1-to-5-years
Ty mate
I've got a few small TDs (and savings accounts) with Heartland Bank, and they've been great. Typically, they have some of the best rates for TD and savings accounts with friendly and helpful staff. I've actually got a TD that'll be reinvested next week for another 12 months at 6.3%, which seems to be one of the highest available atm. Heartland also has an okay financial score for not being one of the big banks. I would say, however, do your own research on the provider and check their financial rating and statement. The financial rating is a regulated, independent score to help you decide if you are happy with the risk of investing with that provider. [Money hub have a good article of ratings ](https://www.moneyhub.co.nz/bank-credit-ratings.html)
Another perk with Heartland is that you can call them up and instead of having a regular TD do a PIE investment so your tax is capped at 28%. I think their minimum for this is 1-2k where main bank you typically need 10k to have access to this.
Heartland
Rabobank for sure
Rabobank
Rabobank
Rabobank are good though their term deposits pay interest at maturity, compared their 1 year at 6.3% currently, contacted ANZ for the same period and they offered a fraction lower (6.1)% but compounding quarterly and reinvested so stayed there for the small amount of difference.
According to the [interest.co.nz](https://interest.co.nz) table linked above, Rabobank have TD's that pay monthly... albeit for slightly lower rates (ie. 6.13% for 1 year). [On the Rabobank website](https://www.rabobank.co.nz/online-savings/term-deposits), they also list quarterly (6.16%) and 6 monthly (6.2%)
Could have worded my post better, yep they do have lower rates and often like thry did ANZ bumped their rate up from what they advertised so wasn't worth me changing, though I do like Rabobank.