• What Are The Best Term Deposit Rates

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What Are The Best Term Deposit Rates

ASB's website has made some changes to its term deposit rates today. They have raised their offers for nine and twelve months, but lowered them for terms of six months, two years and longer. For six months, they have cut -10 bps to offer a new rate of 3.25% for that duration. ASB is increasing a range of term deposit rates, including lifting its five-year rate by 75 basis points to 1.75%, and its four-year rate by 50 basis points to 1.50%. The changes are effective from Tuesday. Here's the bank's statement.