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Kiwibank’s First Home Saver is a savings and home loan bundle that gives you special offers and incentives for saving for your first home.
Set up a Notice Saver account now and after six months of regular saving you'll be eligible for Kiwibank’s First Home Saver1. Notice Saver is a flexible savings account with a good rate of return, but instead of instant access to your money, you have to give either 32 or 90 days' notice to make a withdrawal.
To be eligible for First Home Saver, you must have had a Notice Saver account with a minimum balance of $2,000 for six months. You also need to have saved a minimum of $20 per month for six consecutive months and draw down a Kiwibank Home Loan.
Preferential treatment for low deposit home loans for owner-occupiers - this means you may need less than a 20% deposit.
Earn a return on your savings while they grow with a rate of (90 days notice) or (32 days notice).
Cash contribution - we’ll contribute $2,000 towards your first home expenses when you draw down your home loan2.
Discounted home loan rates - 0.25% p.a. off our standard fixed home loan rates when you draw down your first home loan with Kiwibank.
Keep adding money to your savings whenever you like. No instant access means it's harder to dip into your savings.
To withdraw some or all of your money you just need to give us 32 or 90 days notice depending on what option you chose when setting it up.
No account management or transaction fees.
Since it's a PIE account, the maximum tax rate you'll pay on the return you earn from it is 28%. Usually you’d pay your regular income tax on interest earned on savings accounts, which could be up to 39%.
Apply for a Notice Saver and start saving for your first home.
No problem, the easiest way to apply is to complete our form and an investment specialist will call you.
Apply nowLog in to Internet Banking and go to Apply & Open to make it happen.
Log in to Internet BankingYou can also visit one of our branches whether you're new to Kiwibank or already a Kiwibank customer.
Find my nearest KiwibankAt any stage of your home buying journey our home loan specialists are available to give you obligation-free advice and guide you through the process right to the end.
Terms and conditions
1Maximum of one First Home Saver per property. To receive the First Home Saver benefits, you must not have owned property in New Zealand previously.
2A cash contribution is given on the condition that your banking relationship with us doesn’t significantly change over the next four years. If it does, we may require repayment of your cash contribution. See terms and conditions for details.
First Home Saver will be reviewed on a regular basis and benefits you may be eligible for can change at any time. This can't be used in conjunction with any other offer. This is valid from 18 March 2019 - 18 March 2023.
Kiwibank’s lending criteria, terms and conditions, and fees apply. Interest rates and rates of return are subject to change.
Kiwibank Notice Saver is a fund within a Portfolio Investment Entity (PIE). Units in Kiwibank Notice Saver are issued by Kiwibank Investment Management Limited and are distributed by Kiwibank Limited. Download the Terms and Conditions for Kiwibank Notice Saver (PDF 224.7 KB) or pick up a copy from your nearest Kiwibank.