Weighted-average six-month term-deposit rate from the RBNZ retail survey (B3, INR.MBI05.T07). Latest month: 3.45% for 31 Jul 2026.
From 31 Mar 1965 to 31 Jul 2026 (561 months): mean 6.31%, median 5.44%; low 0.82% (31 Jan 2021), high 18.00% (31 Jul 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
Germany has no separate policy rate in this build. The Germany desk therefore leads with the ECB deposit facility rate, the euro-area policy rate set by the ECB Governing Council, then €STR, the euro overnight market benchmark. UK, US and other official rates follow. Germany is in the euro area, so its monetary policy is set in Frankfurt; inventing a Bundesbank policy series would misrepresent the data, and the desk does not do that.
France and Italy share the same two ECB series, and the /ea/ desk is their natural home. The figures are read from the ECB Data Portal and republished with attribution under the ESCB statistics reuse policy. Every desk shows the same set in a different order, so switching desks changes the menu, not the numbers. The build ingests no German retail rate series, so none is shown. This is not financial advice.