For information on how the traffic light system works and the latest branch opening hours, see our branch updates page.
See how hard your investments are working for you with a breakdown of the interest rates and fees on business banking savings and investment accounts.
Interest rates are subject to change.
Minimum balance |
$1,000 |
$5,000 |
$10,000 |
$50,000 |
|---|---|---|---|---|
|
Term |
Interest at maturity |
|||
|
30 days |
N/A |
|
|
|
|
60 days |
N/A |
|
|
|
|
90 days |
|
|
|
|
|
100 days |
|
|
|
|
|
120 days |
|
|
|
|
|
150 days |
|
|
|
|
|
6 months |
|
|
|
|
|
200 days |
|
|
|
|
|
9 months |
|
|
|
|
|
1 year |
|
|
|
|
|
2 years |
|
|
|
|
|
3 years |
|
|
|
|
|
4 years |
|
|
|
|
|
5 years |
|
|
|
|
|
Term |
Interest interim options |
|||
|
1 year |
|
|
|
|
|
2 years |
|
|
|
|
|
3 years |
|
|
|
|
|
4 years |
|
|
|
|
|
5 years |
|
|
|
|
Our term deposit rates apply to the first $5 million of total deposits you hold with us. If you're investing more than this, please contact us. The interest rate for a term deposit is fixed for the length of the term you choose. This means it'll stay the same for the duration of your investment.
|
Notice period |
Current rate for balances $0 - $1,999 |
Current rate for balances $2,000+ |
|---|---|---|
|
32 days |
|
|
|
90 days |
|
|
There are no transaction, entry or management fees. An immediate withdrawal will incur an interest adjustment charge. The amount of the charge varies depending on the notice period, the current rate of return and the amount you wish to withdraw.
Not available to financial institutions. The rate of return for Business Notice Saver can change at any time and without notice. This means the rate might go up or down during your investment.
Business Online Call rewards you with bonus interest each calendar month when you:
|
Balance |
Base rate |
Bonus rate |
Total rate |
|---|---|---|---|
|
$0 - $1,999 |
|
|
|
|
$2,000+ |
|
|
|
*Permitted withdrawals means withdrawals/transfers to fund a Kiwibank Term Deposit, PIE Term Deposit Fund or Notice Saver Fund.
There are no transaction fees on our Business Term Deposit and Notice Saver accounts. However early withdrawal or termination charges may apply as follows:
Term Deposit early termination charge |
If you need to break your term deposit early a charge may apply to the interest you'll receive on the amount you want to withdraw. The charge is a reduction to the interest you’ll receive on the amount you want to withdraw early. The interest rate you'll receive on the money you withdraw early will be the lower of:
Visit our breaking a term deposit early page for more details. |
PIE Term Deposit early termination charge |
If you break a PIE Term Deposit an early termination charge may apply. The charge is a reduction to the return payable to you on the amount you want to withdraw early. The rate of return that'll be applied to the amount of money you want to withdraw will be your original rate of return less 2%, while the return payable to you will be calculated using the following formula: Reduced return to be paid = amount to be withdrawn × (days invested ÷ 365) × (original rate of return − 2%) where the original rate of return is the rate of return we agreed when you invested. Visit our breaking a term deposit early page for more details. |
Notice Saver immediate withdrawal charge |
When you request an immediate withdrawal of part or all of your money from Business Notice Saver without giving the required notice. The amount of the charge varies depending on the amount being withdrawn, the current rate of return for your Business Notice Saver and the length of the required notice period. The immediate withdrawal charge is based on the lesser of:
|
If you'd like to open a business savings account or a term deposit, get in touch with our business banking team.
Standard terms and conditions
Interest rates are subject to change.
Kiwibank Notice Saver is a fund within a Portfolio Investment Entity (PIE). Units in Kiwibank Notice Saver are distributed by Kiwibank Limited and are issued by Kiwibank Investment Management Limited.
Download all investment terms and conditions or pick up copies from your nearest Kiwibank.