Asb Bank Limited

ASB Bank Term Deposit Rates

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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:

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  • 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.

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