Deposit Interest Rate in New Zealand increased to 3.86 percent on Friday September 23 from 3.21 percent in the previous day. source: Reserve Bank of New Zealand

Deposit Interest Rate in New Zealand averaged 4.24 percent from 1981 until 2022, reaching an all time high of 16.32 percent in December of 1986 and a record low of -0.13 percent in December of 2020. This page includes a chart with historical data for Deposit Interest Rate in New Zealand. Deposit Interest Rate in New Zealand - values, historical data and charts - was last updated on September of 2022.

Deposit Interest Rate in New Zealand is expected to be 3.86 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in New Zealand is projected to trend around 4.86 percent in 2023 and 3.86 percent in 2024, according to our econometric models.

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Deposit Interest Rate in New Zealand

Related Last Previous Unit Reference
Interest Rate 3.00 2.50 percent Aug 2022
Money Supply M0 8878.00 8895.00 NZD Million Aug 2022
Money Supply M1 135149.00 136489.00 NZD Million Jul 2022
Interbank Rate 1.53 1.25 percent Sep 2019
Money Supply M2 150882.00 153357.00 NZD Million Jan 2017
Money Supply M3 390828.00 389035.00 NZD Million Jul 2022
Foreign Exchange Reserves 19448.00 21161.00 NZD Million Aug 2022
Banks Balance Sheet 678748.00 682507.00 NZD Million Jul 2022
Deposit Interest Rate 3.86 3.21 percent Sep 2022
Central Bank Balance Sheet 96334.00 95283.00 NZD Million Aug 2022
Loans to Private Sector 117121.00 116660.00 NZD Million May 2021

Deposit Interest Rate in New Zealand
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.
Actual Previous Highest Lowest Dates Unit Frequency
3.86 3.21 16.32 -0.13 1981 - 2022 percent Daily