Choose how long you want to invest your money and enjoy a fixed interest rate to effortlessly grow your savings.
Depositor Compensation Scheme
The Depositor Compensation Scheme (DCS) comes into effect on 1 July 2025, providing additional protection for your deposits if a deposit taker goes out of business. Learn more about how it works and what it means for you here.
At a glance
Key features
Choose a term that suits you
Choose your term and know exactly what your return will be (min. deposit $1,000, max. deposit $5 million).
Review your term investments online
Open, view and setup alerts for your Term Investments in online banking.
Distribute your investments
Open multiple investments with staggered maturity.
Choose where your interest goes
You can choose if your interest is paid into your TSB bank account, or added to your Term Investment so you can earn interest on your interest!
What is a term investment?
Term investments, also known as term deposits, offer a secure way to grow your savings with a fixed interest rate. By locking your money away for a fixed period, term investments give you certainty on how much interest you’ll earn.
Important things to know
Term investments interest rates
| Term | $1,000 + (% p.a.) | ||
|---|---|---|---|
| Term | 30 Days | $1,000 + (% p.a.) | 2.20% p.a. |
| Term | 60 Days | $1,000 + (% p.a.) | 2.25% p.a. |
| Term | 90 Days | $1,000 + (% p.a.) | 3.40% p.a. |
| Term | 4 Months | $1,000 + (% p.a.) | 3.50% p.a. |
| Term | 5 Months | $1,000 + (% p.a.) | 3.75% p.a. |
| Term | 6 Months | $1,000 + (% p.a.) | 3.90% p.a. |
| Term | 9 Months | $1,000 + (% p.a.) | 3.90% p.a. |
| Term | 12 Months | $1,000 + (% p.a.) | 3.85% p.a. |
| Term | 18 Months | $1,000 + (% p.a.) | 3.90% p.a. |
| Term | 2 Years | $1,000 + (% p.a.) | 4.00% p.a. |
| Term | 3 Years | $1,000 + (% p.a.) | 4.10% p.a. |
| Term | 4 Years | $1,000 + (% p.a.) | 4.20% p.a. |
| Term | 5 Years | $1,000 + (% p.a.) | 4.20% p.a. |
Updated 1 July 2025. Interest is credited every six months or on maturity, whichever is earlier.
Getting started
Already with us?
Simply log into online banking and click “Apply” in the left-hand menu to open a new Term Investment account.
Alternatively, give us a call on 0800 872 226.
Getting started
New to TSB?
We'll open a Connect Plus everyday account and get you set up with online banking. You'll then be able to open a Term Investment account in online banking.
Important information
- Please read our Term Investment Terms and Conditions.
- TSB’s account opening criteria apply. Service fees may apply. Interest rates and fees are subject to change. See more about our account and service fees.
- When you bank with TSB you agree to our General Terms.