Apply to break your Term Deposit
You'll need to apply to break your deposit early, as you'll be breaking the contract you made with us. If we agree that you can break your Term Deposit, a charge may apply.
We'll need to verify your identity to ensure the safety of your funds first. Your Term Deposit can only be broken to a New Zealand bank account.
To apply, you can send us a secure message with:
- Details of the Term Deposit you'd like to break
- The account you'd like us to pay the funds into.
You can also call us or visit your nearest Kiwibank.
Read more about breaking a Term Deposit early and work out the early termination charge.
Standard terms and conditions
Units in the Kiwibank PIE Term Deposit Fund are distributed by Kiwibank and are issued by Kiwibank Investment Management Limited. See all investments terms and conditions or pick up copies from your nearest Kiwibank.
Access term deposit feature
We no longer offer the Access Term Deposit feature on Term Deposits opened on or after 3 April 2024. The Access Term Deposit feature (which is still available on a Standard or Business Term Deposit for a term of 2 years or more, opened before 3 April 2024) allows you to access a portion (up to 20%) of your initial investment at any time without reducing the interest you will receive on that portion. You can access money as many times as you like without charges, as long as 80% of the initial investment remains. If you have a Standard or Business Term Deposit for a term of 2 years or more, that was opened before 3 April 2024, this feature will continue until the maturity date of that Term Deposit.