The Treasury today announced changes to the interest rates available on Kiwi Bonds, effective from 3 July 2025. The interest rate for the six-month and 12-month Kiwi Bonds have been decreased to 3.00%. The interest rate for the 2-year Kiwi Bonds have been decreased to 3.25%. The interest rate on the four-year Kiwi Bond is unchanged.
Kiwi Bond interest rates are set periodically from moving averages of domestic wholesale interest rates. The new Kiwi Bond interest rates have been set to better align to those available in wholesale markets.
The Kiwi Bonds rates are as follows:
For subscriptions of $1,000 - $500,000
| Maturity | Rate |
|---|---|
| 6 months | 3.00 percent per annum |
| 12 months | 3.00 percent per annum |
| 2 years | 3.25 percent per annum |
| 4 years | 3.75 percent per annum |
Ends
Treasury Contacts
Kim Martin | Chief of New Zealand Debt Management
Tel: +64 4 890 7274
[email protected]
Paxton McKenzie | Head of Funding, Investment and Markets
Tel: +64 4 917 6925
[email protected]