Secured Term Investment

(Closed to new deposits)

Up to



Over a 12 month term

**From 16 January 2019, the UDC debenture programme will be closed to new deposits. Customers with existing term investments which mature on or before 14 February 2019 will have the option to reinvest their deposits or have their investment repaid.**

Lock in your investment for 1 month or up to 5 years and earn a competitive interest rate with a UDC Secured Term Investment.

A UDC Secured Term Investment is a fixed term option where you choose the term you want to invest for, from 1 month to 5 years. The interest rate is locked in for the term of the investment, even if market rates fall. You have the choice of receiving regular interest payments direct credited to your nominated bank account, or growing your investment by compounding the interest. Interest payment can be made monthly, quarterly, annually or paid at maturity.


Key Features:

  • Competitive interest rates
  • Terms from 1 month to 5 years
  • A choice of interest options
  • No fees
  • Online access through UDC Live

Call us to discuss your investment: 0800 652 832

or enquire online and we'll be in touch.

Product Detail:

Investment Amount ("Principal") Minimum of $5,000
Term of Investment ("Term") From 1 month to 5 years
Interest Rate ("Rate") The interest rate is fixed for the term of the investment View our rates online.
Interest options and payment terms Interest is calculated daily on the balance of your investment up to and including the day before the end of your investment term. Interest may be credited to your nominated bank account or compounded depending on the interest frequency you’ve chosen.

Interest frequencies:

Monthly Interest: interest earned will be paid on the first working day of the following month. Interest is pro-rated for a partial month.

Annual interest: interest earned may be compounded or paid on the day before your investment anniversary date.

Maturity interest: interest earned will be paid on the day before your maturity date.

Your Principal is fixed for the term and may not be withdrawn before maturity.
  All payments of Interest and principal are made by direct credit to your nominated bank account. If the payment date falls on a non-business day, the payment will be made on the next business day. In this case, we will only pay interest up to and including the day before the original payment date. Non-business days are Saturdays, Sundays and New Zealand public holidays.

If the interest you earn is added to your Principal, you’ll also earn interest on the amount from that point on - this is called 'compounding interest'.

If you wish to invest additional Principal during the Term, this will form a separate investment for the Term and corresponding interest rate on offer at that time.
Fees There are no fees on a Secured Term Investment. If we allow you to withdraw your Secured Term Investment early, we may reduce your return.
Tax Interest earned on your investment is taxable. We will deduct resident withholding tax, non-resident withholding tax, or approved issuer levy (as applicable) from the interest earned, then pay the balance to you.