Compare investments rates and charges

See how hard your investments are working for you with a breakdown of the interest rates on Kiwibank investment accounts.

Interest rates

Interest rates are subject to change.

Term Deposit

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.

PIE Term Deposit

Term

Current rate

Effective rate*

90 days

100 days

120 days

150 days

6 months

200 days

9 months

1 year

*If you pay tax at the top marginal rate.

The effective rate takes into account the potential tax rate savings relative to interest earned on a direct investment that would otherwise be assessed at the top marginal tax rate (which is higher than the maximum tax rate on PIE returns). The effective rate may vary depending on the investor's personal taxation position. Not available to financial institutions. The rate of return for a PIE 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.

PIE Term Deposits are required to have a minimum deposit balance of $10,000. Download PIE Term Deposit Terms and Conditions (PDF 93.8 KB).

Notice Saver

Notice period

Current rate for balances $0 - $1,999

Current rate for balances $2,000+

32 days

90 days

Not available to financial institutions. 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.

Online Call

Online Call rewards you with bonus interest each calendar month when you:

  • make no withdrawals or transfers; and
  • have a minimum balance of $2,000 in your account at any time.

Balance

Base rate

Bonus rate

Total rate

$0 - $1,999

$2,000+

PIE Online Call

 

Current rate

Effective rate*

Bonus return - earned if no withdrawals are made during the month (Class A)

Base return - earned if a withdrawal is made during the month (Class B)

*If you pay tax at the top marginal rate.

The minimum balance to open a PIE Online Call account is $2,000.

The effective rate takes into account the potential tax rate savings relative to interest earned on a direct investment that would otherwise be assessed at the top marginal tax rate (which is higher than the maximum tax rate on PIE returns). The effective rate may vary depending on the investor's personal taxation position. The rate of return for Online Call/PIE Online Call can change at any time and without notice. This means the rate might go up or down during your investment.

Early withdrawal or termination charges

There are no transaction fees on our Term Deposit, PIE Term Deposit or 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:

  • The advertised rate on the day your application to break is approved, for the number of days the money was actually invested, less 2%; or
  • The advertised rate on the day the term deposit was opened, for the number of days the money was actually invested, less 2%.

Visit our breaking a term deposit early page for more details.

PIE Term Deposit early termination charge

You can't break your PIE Term Deposit within the first 30 days. After the first 30 days, if we agree to break the PIE Term Deposit:

  • The amount you can withdraw must be at least $500; and
  • You must either maintain a minimum balance of $10,000 or withdraw all of your balance.

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 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 Notice Saver and the length of the required notice period.

The immediate withdrawal charge is based on the lesser of:

  • the amount withdrawn multiplied by the current rate of return divided by the number of days in the year. This is then multiplied by the notice period;
  • the interest earned and accrued over the previous period equivalent to the notice period.

Apply now

If you’re keen to build your nest egg with a savings or investments account, you can apply online.

New to Kiwibank or want to talk through options?

No problem, the easiest way to apply is to complete our form and an investment expert will call you.

Apply now

Already a Kiwibank customer?

Log in to Internet Banking and go to Apply & Open to make it happen.

Log in to Internet Banking

In branch

You can also visit one of our branches whether you're new to Kiwibank or already a Kiwibank customer.

Find my nearest Kiwibank

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

  • IRD number and the IRD number of any joint applicant(s)
  • Prescribed Investor Rate (PIR) if you're applying for a PIE investment
  • Passport and/or driver licence to verify your identity and your address.

If you're a business banking customer, please call 0800 601 601 or talk to our business banking managers.