New Zealand: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 3.45 percent as of July 2026, no change compared to the previous value of 3.45 percent. Historically, the average for New Zealand from January 2000 to July 2026 is 4.56 percent. The minimum of 0.82 percent was recorded in January 2021, while the maximum of 8.45 percent was reached in June 2008.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Reserve Bank of New Zealand
| Recent values | New Zealand: Bank deposit interest rate, percent |
|---|---|
| 2026 Jul | 3.45 |
| 2026 Jun | 3.45 |
| 2026 May | 3.46 |
| 2026 Apr | 3.46 |
| 2026 Mar | 3.46 |
| 2026 Feb | 3.46 |
| 2026 Jan | 3.46 |
| 2025 Dec | 3.46 |
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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 2.8 | 2025 | percent |
| Exchange rate regimes | 7 | 2023 | index points |
| USD exchange rate | 1.7304 | 7/2026 | Local Currency Units per USD |
| Money supply (broad money) | 447.88 | 12/2025 | billion |
| Consumer Price Index (CPI) | 149.9671 | Q2/2026 | index points |
| Inflation, monthly | 0.00 | Q2/2026 | percent |
| Inflation, annual | 4.06 | Q2/2026 | percent |
| Private sector credit | 584.32 | 12/2025 | billion |
| Business credit | 291.83 | 12/2025 | billion |
| Household credit | 292.50 | 12/2025 | billion |
| Mortgage credit | 284.90 | 12/2025 | billion |
| Consumer credit | 7.59 | 12/2025 | billion |
| Deposit interest rate | 3.45 | 7/2026 | percent |
| Business credit interest rate | 5.04 | 6/2026 | percent |
| Mortgage credit interest rate | 5.76 | 7/2026 | percent |
| Policy rate | 2.25 | 6/2026 | percent |
| Household debt to GDP | 91.10 | 12/2025 | percent |
| Bank deposits, total | 442.01 | 5/2026 | billion local currency units |