CIMB offers a fixed deposit account in numerous foreign currencies among which the New Zealand Dollar (NZD) is one. This fixed deposit account has inherent features and benefits including flexible tenures. You can choose tenures ranging from 1 to 12 months.
Also, upon maturity of your fixed deposit, the bank will automatically renew your account for the same tenure at the prevailing rate of interest unless you give the bank other instructions. The bank also offers promotional interest rates for some of its major/popular currencies including New Zealand Dollar (NZD). The minimum deposit amount for the New Zealand Dollar (NZD) is 10,000 units. You must be at least 18 years old to apply for this account. However, if you are lesser than 18 years of age, you can still open this account with a parent or a legal guardian who is at least 18 years old.
CIMB offers a rate of interest in the range of 1.7075% p.a. to 2.775% p.a., subject to the amount and the tenure you choose. The lowest amount with which you can start a fixed deposit account is NZD 10,000 up to NZD 250,000. The tenure begins at 1 month and goes up to 12 months.
Additionally, the bank provides auto-renewal of the account when the deposit period gets over. You can instruct the bank on changing the interest rates, if you wish to, once the maturity date is close.
CIMB New Zealand Dollar Fixed Deposit Interest Rates
The interest rate provided by banks is subject to fluctuations. Therefore, it is necessary to recheck the rates before taking the final decision. Here is a table showing the rate of interest for NZD: