Why a term deposit?

  • Minimum $1,000 — maximum $5 million (contact us if you have more than $5 million to invest).

  • Terms from 30 days to five years.

  • PIE option available if you’re investing more than $10,000.

  • Interest paid out monthly, quarterly, six-monthly, annually or at maturity.

How it works

  • You can’t add or withdraw money once your term deposit is set up.
  • If you need to break your term deposit before the term is up, you’ll need to call us — the term deposit early termination charge depends on the amount, the interest rate, and how long the term has left to run.
  • When your term deposit matures, you can choose to reinvest it or have it paid out to another account.

What it costs

See all our transaction account, savings accounts and investments fees.


Download the Term Deposit Terms and Conditions (PDF 40.1 KB) or pick up copies 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 Terms and Conditions for the PIE Term Deposit Fund (PDF 51.1 KB) or pick up a copy from your local Kiwibank.