• Special tax rules mean you pay no more than 28% tax on interest income earned (usually you pay your regular income tax rate).

  • Choose from Notice Saver, PIE Term Deposit or PIE Online Call.

  • Available to almost everyone, including companies, trusts and organisations.

How it works

The maximum tax rate on interest income on all PIE investments is 28%, even if your regular tax rate is higher.

When you sign up for a PIE investment, make sure to select the correct Prescribed Investor Rate (PIR). If you choose a PIR that is too low, you may end up being taxed at your normal marginal tax rate. If you choose a PIR that is too high, you won't be able to get a refund of the additional tax. Use the calculator below to work out your correct PIR, and to help decide if a PIE product is right for you.

If you'd like to change your nominated account, please complete the PIE Online Call Fund nominated account change form (PDF 43.2 KB).

Work it out

To see exactly what could be in it for you, use our simple investment return calculator. It’ll compare the interest you’d make in a PIE fund with our standard investment accounts.

Calculate my PIE options now

What it costs

There are no account management or transaction fees on any of these products but your interest is affected if:

  • You withdraw before the end of your term from a Term Deposit or
  • You withdraw without giving the correct amount of notice with Notice Saver
  • You withdraw within a calendar month from a PIE Online Call.

Once you've applied

Once your application is complete, our team will get in touch with you so make sure you have the following handy:

If you're a Business Banking customer, please call 0800 601 601 or talk to your local Business Banking Manager.

Get started with your investment

Already a Kiwibank customer?

Login to internet banking

Not a Kiwibank customer?

Apply online

Need more help?

Try our PIE calculator

Rates of return subject to change. Units in the Kiwibank PIE Online Call Fund, the Kiwibank PIE Term Deposit Fund and Kiwibank Notice Saver are distributed by Kiwibank Limited and are issued by Kiwibank Investment Management Limited. Download the Terms and Conditions for the Kiwibank PIE Term Deposit Fund and Kiwibank Notice Saver (PDF 354.1 KB) or pick up a copy from your local Kiwibank.

Download the latest Kiwibank PIE Unit Trust Annual Report (PDF 4.2 MB). When you deposit money in one of our PIE funds, you're issued with units under the Trust Deed (PDF 6.2 MB) and are bound by its provisions.

This communication contains general information only and not investment or tax advice, and as such you should not 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 investing in an investment.