Term deposits
With Kiwibank Term Deposits you earn a fixed rate of interest for a fixed term. There are no fees unless you break the term, and rates tend to be higher than savings accounts.
If your marginal tax rate is 30% or 33%, check out the PIE Term Deposit Fund.
Term Deposit options
- Choose your term from 30 days to 5 years - the term you select will affect the interest rate you receive
- We accept term deposits from $1,000 to $5 million – the amount you deposit also affects the interest rate you receive
- When you invest for 1 year or longer you can choose to have your interest paid monthly or quarterly into any New Zealand bank account.
- When your term ends, we’ll reinvest or transfer your money depending on your instructions. You can change your maturity instructions as many times as you like during the investment term.
Ready to go?
- Check out our Term Deposit rates and fees.
- Download
Kiwibank’s Investment Statement for Term Deposits (PDF 847 KB), which has all the important information you should consider when investing.
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Conditions
Download Kiwibank’s Investment Statement for Term Deposits (PDF 847 KB) or pick up a copy from your local Kiwibank.
Units in the Kiwibank PIE Term Deposit Fund are distributed by Kiwibank and are issued by Kiwibank Investment Management Limited. Download the Investment Statement for the Kiwibank PIE Term Deposit Fund (PDF 268 KB), or pick up a copy from your local Kiwibank.
This communication contains general information only and not investment or tax advice, and as such you should not rely on it as the sole basis for any financial decision. Potential investors should seek professional advice as to whether an investment is right for them, including the taxation implications of investing in an investment.
A copy of the Kiwibank PIE Unit Trust Prospectus, which was registered on 13 December 2012, can be found at www.business.govt.nz/companies under "Kiwibank Investment Management Limited – Documents".