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The Co-operative Bank

Term Deposit

Term Deposit • Personal • Last updated 2 October 2026 • Visit website
Deposit Range: $2,000 - $2,000,000
Term Rate
1 Month 2.00% p.a.
3 Months 3.00% p.a.
6 Months 3.60% p.a.
1 Year 4.10% p.a.
2 Years 4.40% p.a.
3 Years 4.60% p.a.
4 Years 4.70% p.a.
Interest Paid: Monthly
Deposit Range: $2,000 - $2,000,000
Term Rate
1 Month 2.00% p.a.
3 Months 3.00% p.a.
6 Months 3.60% p.a.
1 Year 4.10% p.a.
2 Years 4.40% p.a.
3 Years 4.60% p.a.
4 Years 4.70% p.a.
Interest Paid: At Maturity
Interest Compounded: Quarterly

Online Account

Savings Account • Personal • Last updated 4 September 2026 • Visit website
Balance Range: $1+
Base Rate Bonus Rate Total Rate
1.10% p.a. - 1.10% p.a.
Interest Calculated: Daily
Interest Paid: Monthly

Prize Draw Saver

Savings Account • Personal • Last updated 29 July 2026 • Visit website
Balance Range: $1+
Base Rate Bonus Rate Total Rate
0.30% p.a. - 0.30% p.a.
Interest Calculated: Daily
Interest Paid: Annually

Step Saver

Savings Account • Personal • Last updated 4 September 2026 • Visit website
Balance Range: $1+
Base Rate Bonus Rate Total Rate
0.60% p.a. 1.80% p.a. 2.40% p.a.
Interest Calculated: Daily
Interest Paid: Monthly
Conditions: To earn the bonus rate, you need to make a deposit of at least $20 each month. Unlimited withdrawals allowed, but bonus interest may be forfeited if conditions not met.

Home Loan

Home Loan • Personal • Last updated 2 October 2026 • Visit website
Term Rate
Floating 5.69% p.a.
6 Months 5.39% p.a.
1 Year 5.69% p.a.
2 Years 5.99% p.a.
3 Years 6.19% p.a.
4 Years 6.39% p.a.
5 Years 6.49% p.a.

Owner Occupied Home Loan

Home Loan • Personal • Last updated 2 October 2026 • Visit website
Special Rate
Owner occupied with at least 20% equity, or eligible First Home Loan or Kainga Whenua Loan borrowers.
Term Rate
Floating 5.69% p.a.
6 Months 4.89% p.a.
1 Year 5.19% p.a.
2 Years 5.49% p.a.
3 Years 5.69% p.a.
4 Years 5.89% p.a.
5 Years 5.99% p.a.

Revolving Credit

Home Loan • Personal • Last updated 4 September 2026 • Visit website
Term Rate
Floating 5.69% p.a.

First Home Buyer Special

Home Loan • Personal • Last updated 2 October 2026 • Visit website
First home buyers with new lending from $250,000 to purchase an owner-occupied first home; minimum 20% equity required. Also available for Kainga Ora First Home Loans, with a 1.2% Lenders Mortgage Insurance premium payable.
Term Rate
6 Months 4.79% p.a.
1 Year 5.09% p.a.
2 Years 5.39% p.a.
3 Years 5.59% p.a.
4 Years 5.79% p.a.
5 Years 5.89% p.a.

Fair Rate Mastercard

Credit Card • Personal • Last updated 29 March 2026 • Visit website
Network Mastercard
Purchase Rate 12.95% p.a.
Interest-Free Days 55
Annual Fee $20