top of page

GrowPay Term Deposit 

GrowPay offers you a wide range of Term Deposits.

Term Deposits provide fixed interest rates for different terms. Choose a term length that fits your needs, and your savings will grow with guaranteed interest.

6 Months to 5 Years

4.80% to 4.40%

*Rates valid from 13 March 2024 - Advertised rates are subject to change without notice

image 57.png

Disclosure

GrowPay has partnered with Xceda Finance Limited to offer competitive interest rates and a range of financial products. Xceda Finance Limited is a licensed Non-Bank Deposit Taker (NBDT) regulated by the Reserve Bank of New Zealand under the Non-Bank Deposit Takers Act 2013. Xceda is the issuer of the term deposit products offered through GrowPay.

The latest Product Disclosure Statement (PDS) can be accessed at www.xceda.co.nz/term-deposits.

Xceda Finance Limited has been assigned a credit rating of 'B Stable' by Equifax Australia Credit Rating Pty Ltd, a Reserve Bank-approved rating agency under section 86 of the Non-Bank Deposit Takers Act 2013.

Current Term Deposit Rate

Current Term Deposit Rates (No fees apply)

Term

NZD Rate p.a%

5 years

4 years

3 years

2 years

18 months

12 months

9 months

6 months

4.40%

4.40%

4.40%

4.50%

4.50%

4.50%

4.60%

4.70%

​

How to Apply

Provide a quick and convenient cash injection to keep your business operating smoothly.

Step 1

Sign up online with GrowPay and open your Super Saver Account

Step 2

Complete a simple online form and identity verification.

Step 3

Deposit the amount you wish into your Savings account.

Step 4

You'll automatically start earning interest.

FAQs

Still have a question?

1. What term deposits does GrowPay Finance offer?

We offer fixed term Secured Term Deposits in both New Zealand Dollar (NZD) and Australian Dollar (AUD) currencies.

2. How can apply for a term deposit?

Any individual, company or trust may apply for an GrowPay term deposit. We are required by law to obtain from each applicant information as to your personal details (i.e. identification, address and taxation status).

3. What is the minimum and maximum investment size of investment?

The minimum investment amount is NZ$2,500 or AUD$2,500 (as relevant). There is no maximum investment amount. What is the minimum investment term? Investments can be selected from a minimum of 6 months up to a maximum of 5 years.

4. Does GrowPay offer special rates for larger investments?

Yes, we offer special rates for investments of $100,000 and over. Please contact us if you would like more information.

Considering a loan but have some questions?  We understand!

bottom of page