Weighted-average six-month term-deposit rate from the RBNZ retail survey (B3, INR.MBI05.T07). Latest month: 3.45% for Jul 31, 2026.
From Mar 31, 1965 to Jul 31, 2026 (561 months): mean 6.31%, median 5.44%; low 0.82% (Jan 31, 2021), high 18.00% (Jul 31, 1987). Published average, not an offer from any one bank.
New Zealand's six-month term deposit rate is a retail savings benchmark from the Reserve Bank's B3 retail interest-rate survey, series INR.MBI05.T07. It is a weighted average of the advertised six-month term-deposit rates offered by surveyed institutions, compiled monthly, so the headline figure is the latest survey month and not a rate any single bank promises. The survey is a comparable reference across the market; offers you see may differ by institution, balance and term.
The chart shows the monthly survey history and the table lists the same values in reverse date order. The "versus the previous reading" line compares the latest month with the one before it, and the mean, median, low and high summarise the run in this build. Range buttons only shorten the window, and Chart and Table present one series in two forms. Because it is a published average, the rate can lag changes in wholesale funding costs and the official cash rate, and it can move when institutions reprice rather than when policy changes.
About this desk
The Canada desk leads with the Bank of Canada's target for the overnight rate, then CORRA, the Canadian Overnight Repo Rate Average. US, UK and other official rates follow in the menu. The target is a policy setting the Bank changes at fixed announcement dates; CORRA is a market benchmark calculated from repo transactions and published, not set, by the Bank. Keeping both on one desk shows the policy rate and the market rate it steers.
All series are read from official files and republished without alteration. As on the US desk, Canadian dates are written month-first. The build covers two Canadian series only; it does not publish a Canadian mortgage or deposit rate because none is ingested. Every desk shows the same set in a different order, so the numbers are identical whichever desk you use. Nothing here is financial advice.