ASB Bank offers a range of term deposit rates, so you can choose the one that best suits your needs. Term deposits are a good way to save money for a specific goal, such as a house deposit or a retirement fund.
They are also a relatively low-risk investment, as your money is guaranteed for the term of the deposit.
What are the different types of ASB Bank term deposits?
ASB Bank offers a range of term deposits, including:
- Standard term deposits: These are the most common type of term deposit and are available for terms from one month to five years.
- Call term deposits: These term deposits give you the flexibility to withdraw your money after a certain period of time, subject to any early withdrawal fees.
- Notice term deposits: These term deposits require you to give ASB Bank a certain period of notice before withdrawing your money.
- Special term deposits: These term deposits are designed for specific groups of people, such as seniors or first home buyers.
How do I choose the right ASB Bank term deposit for me?
When choosing an ASB Bank term deposit, there are a few things you should consider:
- The term: How long do you want to save your money for? Choose a term that suits your needs and goals.
- The interest rate: Compare the interest rates on different term deposits to choose the one that will give you the best return on your investment.
- The fees: Some term deposits have early withdrawal fees, so be sure to check these before you open an account.
How do I open an ASB Bank term deposit?
You can open an ASB Bank term deposit online, over the phone, or at a branch. To open an account, you will need to provide some personal information, such as your name, address, and date of birth.
You will also need to deposit a minimum amount of money, which varies depending on the type of term deposit you choose.