Deposit interest rate (%) in New Zealand
New Zealand: Deposit interest rate (%) was 3.9% in 2025. ▼ Falling
Deposit interest rate in New Zealand, 1990–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
New Zealand recorded 3.9% for deposit interest rate in 2025.
Compared with earlier readings it is down 31.2% on the previous year and up 5.7% over ten years.
Over the whole period, deposit interest rate in New Zealand peaked at 11.7% in 1990 and was at its lowest, 1.0%, in 2021.
New Zealand ranks 74th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 36 years of available data.
Deposit interest rate (%) in New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 11.7% | — |
| 1991 | 8.9% | -23.4% |
| 1992 | 6.6% | -26.2% |
| 1993 | 6.2% | -5.2% |
| 1994 | 6.4% | +2.1% |
| 1995 | 8.5% | +33.2% |
| 1996 | 8.5% | -0.0% |
| 1997 | 7.3% | -14.5% |
| 1998 | 6.8% | -6.7% |
| 1999 | 4.6% | -32.7% |
| 2000 | 6.4% | +39.5% |
| 2001 | 5.3% | -15.9% |
| 2002 | 5.3% | -0.3% |
| 2003 | 5.1% | -4.4% |
| 2004 | 5.8% | +13.2% |
| 2005 | 6.7% | +15.8% |
| 2006 | 6.9% | +3.5% |
| 2007 | 7.8% | +12.6% |
| 2008 | 7.6% | -3.0% |
| 2009 | 4.0% | -46.5% |
| 2010 | 4.6% | +13.5% |
| 2011 | 4.3% | -6.8% |
| 2012 | 4.1% | -3.8% |
| 2013 | 3.8% | -6.8% |
| 2014 | 4.0% | +4.8% |
| 2015 | 3.7% | -7.0% |
| 2016 | 3.2% | -13.4% |
| 2017 | 3.3% | +2.0% |
| 2018 | 3.3% | -1.1% |
| 2019 | 3.0% | -7.9% |
| 2020 | 1.7% | -44.1% |
| 2021 | 1.0% | -39.5% |
| 2022 | 2.8% | +177.6% |
| 2023 | 5.5% | +95.9% |
| 2024 | 5.7% | +3.8% |
| 2025 | 3.9% | -31.2% |
New Zealand compared with similar countries
- New Zealand's 3.9% is above the median for high income countries, which is 1.6%, 2.5× the median. (39 countries reporting)
- New Zealand's 3.9% is above the median for East Asia & Pacific, which is 1.5%, 2.6× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Deposit interest rate (%) in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +177.6% | 1.0% | 2.8% |
| 2023 | +95.9% | 2.8% | 5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.5% | 4.6% | 11.7% | 10 |
| 2000s | 6.1% | 4.0% | 7.8% | 10 |
| 2010s | 3.7% | 3.0% | 4.6% | 10 |
| 2020s | 3.5% | 1.0% | 5.7% | 6 |
Countries ranked near New Zealand
More financial sector data for New Zealand
- Reserve position in the IMF, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 81.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 59.26 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.51 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 81.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in New Zealand?
- Deposit interest rate in New Zealand was 3.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in New Zealand?
- The highest recorded value was 11.7% in 1990.
- What is the lowest deposit interest rate recorded in New Zealand?
- The lowest recorded value was 1.0% in 2021.
- How does New Zealand rank for deposit interest rate?
- New Zealand ranks 74th out of 153 countries with data for 2025.
- Is deposit interest rate rising or falling in New Zealand?
- Over the last ten years it is up 5.7%. The long-run trend across the full record is falling.
- Where does this New Zealand data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.