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New Zealand Savings Deposits
Savings deposits for New Zealand are interest-bearing bank accounts that form part of the M2 or broader money supply. They represent household precautionary savings and term saving.
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Why Savings Deposits matters for NZD
Rising savings deposits reduce current consumption and can reflect risk aversion or a savings glut. The Reserve Bank of New Zealand monitors deposit flows to assess whether monetary policy transmission is dampening spending.
How to interpret this series
Rapidly rising savings deposits alongside slow consumption can signal excessive caution and potential weak consumer demand ahead. Declining savings deposit growth may indicate consumers are running down savings buffers, which supports near-term spending.
Historical Savings Deposits
Source: National Statistics Office. Cadence: Monthly. Unit: NZD mn. History from 2016-12-31 (9.5 years).
Recent announcements
Each release gets a durable child page so data, forecast, previous value, and raw fields can be cited directly.
Related New Zealand indicators
Move to adjacent releases in the same macro category.
Broad Money (M3)
M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).
Currency in Circulation
Currency held by the public. M1 sub-component A1.
M2 Money Supply
M1 + savings deposits (on-call). RBNZ derived: column A + B1.
Narrow Money (M1)
Currency in circulation + transaction deposits. RBNZ column A.
Term Deposits
Fixed-term deposits. M3 incremental component B2.
Total Domestic Credit
Net credit to central government + private sector credit. RBNZ column C+D.
Transaction Deposits
Demand deposits. M1 sub-component A2.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
How often is New Zealand Savings Deposits updated?
Savings Deposits for New Zealand is released on a monthly schedule by Reserve Bank of New Zealand (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Savings Deposits reported in?
The series is published in NZD mn. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source New Zealand Savings Deposits data?
Data is fetched directly from Reserve Bank of New Zealand or the official national statistics publication for New Zealand. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Savings Deposits for New Zealand via the API?
Issue a GET request to /api/v1/announcements/nzd/money_supply_savings_deposits?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.