Key features & benefits
Rates of return are subject to change.
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No account management or transaction fees.
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Add money whenever you like and leave it in your account for as long as you like.
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Make a withdrawal by giving either 32 or 90 days notice.
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Notice Saver is a PIE investment.
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Is covered under the Depositor Compensation Scheme.
We're thrilled to announce, we've been awarded Canstar's 2024 Bank of the Year – Business Bank Accounts Award, for the third year in a row.
How it works
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Notice period for withdrawals
To withdraw your money, simply make a transfer as normal. The date for transfer will be automatically set for 32 or 90 days later, depending on the option you've chosen.
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Manage your account
Manage your Notice Saver account using Internet Banking for Business or our mobile app. It's easy to set up or cancel withdrawals, or extend your notice period.
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Keep saving
You can add money to your Notice Saver account whenever you like and can transfer money in from other Kiwibank accounts using internet or mobile banking.
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No set investment period
There’s no set investment period and you can make a withdrawal at any time - you just need to give us the agreed amount of notice to withdraw your money. It works just like a normal transfer between your accounts except it takes 32 or 90 days.
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Eligibility
To open a Notice Saver account with us, the director of the company must be a New Zealand citizen or reside in New Zealand.
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How returns are paid
Choose to have your returns paid back into your Notice Saver (compounding) or paid monthly to your nominated account.
Notice periods & withdrawals
Giving notice
To give notice, you can log in to internet banking for business or our mobile app, and set up a transfer. You can choose any available amount to transfer and you can have multiple transfers on the go. You'll also earn the Notice Saver rate of return right until your money leaves the account. Alternatively, you can also give us a call.
Once you’ve given notice, you’ll need to wait either 32 or 90 days, depending on which option you chose when you opened your account.
Your nominated account
When you make a withdrawal you can take out all of your money, or just some of it. When your funds are transferred, they go into an account that you nominate at the time your Notice Saver is opened. This can be any New Zealand bank account. If you want to change your nominated account you can send us a secure message through our mobile app or internet banking, or complete a Notice Saver account change advice.
Withdrawing money early
When you request an immediate withdrawal of part or all of your money from Notice Saver without giving the required notice, you'll be charged an immediate withdrawal charge. The amount of the charge varies depending on the amount being withdrawn, the current rate of return for your Notice Saver and the length of the required notice period.
If your application is approved the Immediate Withdrawal Charge applies (which is a reduction against the return earned).
This is based on the following calculations:
Immediate withdrawal charge = funds to be withdrawn x (Notice Saver rate of return ÷ 365) x Notice Period days (32 or 90).
Example 1: You’ve invested $50,000 in a Notice Saver with a 32-day notice period at 2.25% p.a. If you have had the money in the account for 50 days, your Immediate Withdrawal Charge would be: return earned on $50,000 over the last 32 days x 2.25% p.a. = $98.63 (before tax).
Example 2: You’ve invested $50,000 in a Notice Saver with a 32-day notice period at 2.25% per annum, but your money has only been in the account for seven days. Your Immediate Withdrawal Charge would be: return earned on $50,000 over the last 7 days @ 2.25% p.a. = $21.58 (before tax).
The charges are capped, so your initial contributions won’t be reduced.
Is a Notice Saver account right for your business?
Notice Saver enables you to regularly build your savings. However you should consider if you’ll need your money before your notice period is satisfied as immediate withdrawal charges may apply. One of our other savings accounts may be more suitable if you do.
Talk to us
If you’re keen to build up your reserves with a Business Notice Saver account, get in touch with our business banking team and they'll get it sorted.
Talk to a business banking specialist
Complete our online form and one of business banking specialists will get back to you within one to three working days.
Find a business bankerCall us
Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.
Mon – Fri: 8am – 5pm.
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Standard terms and conditions
Interest rates are subject to change. The rate of return for Notice Saver can change at any time and without notice. This means the rate might go up or down during your investment.
Units in Kiwibank Notice Saver are issued by Kiwibank Investment Management Limited and are distributed by Kiwibank Limited.
See our Notice Saver Fund Terms and Conditions or a pick up copy from your nearest Kiwibank. Notice Saver is a fund within a Portfolio Investment Entity (PIE).
This communication contains general information only and not investment or tax advice, and as such you shouldn't 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 such an investment.