Interest rates
Interest rates are subject to change.
Term Deposit
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Minimum balance |
$1,000 |
$5,000 |
$10,000 |
$50,000 |
|---|---|---|---|---|
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Term |
Interest at maturity |
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30 days |
N/A |
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60 days |
N/A |
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90 days |
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100 days |
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120 days |
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150 days |
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6 months |
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200 days |
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9 months |
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1 year |
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2 years |
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3 years |
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4 years |
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5 years |
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Term |
Interest interim options |
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1 year |
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2 years |
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3 years |
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4 years |
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5 years |
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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
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Term |
Current rate |
Effective rate* |
|---|---|---|
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90 days |
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100 days |
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120 days |
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150 days |
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6 months |
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200 days |
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9 months |
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1 year |
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*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 184.2Â KB).
Notice Saver
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Notice period |
Current rate for balances $0 - $1,999 |
Current rate for balances $2,000+ |
|---|---|---|
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32 days |
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90 days |
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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 (except permitted withdrawals**); and
- have a minimum balance of $2,000 in your account at any time.
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Balance |
Base rate |
Bonus rate |
Total rate |
|---|---|---|---|
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$0 - $1,999 |
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$2,000+ |
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PIE Online Call
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Current rate |
Effective rate* |
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|---|---|---|
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Bonus return - earned if no withdrawals (except permitted withdrawals**) are made during the month (Class A) |
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Base return - earned if a withdrawal is made during the month (Class B) |
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*If you pay tax at the top marginal rate.
**Permitted withdrawals means withdrawals/transfers to fund a Kiwibank Term Deposit, PIE Term Deposit Fund or Notice Saver Fund.
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:
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:
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:
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Apply now
If you’re keen to build your nest egg with a savings or investments account, you can apply online.
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.
New to Kiwibank or want to talk through options?
No problem, the easiest way to apply is to complete our form and an investment specialist will call you.
Apply nowAlready a Kiwibank customer?
Log in to Internet Banking and go to Apply & Open to make it happen.
Log in to Internet BankingIn branch
You can also visit one of our branches whether you're new to Kiwibank or already a Kiwibank customer.
Find my nearest KiwibankStandard terms and conditions
Interest rates are subject to change.
Kiwibank PIE Online Call Fund, Kiwibank PIE Term Deposit Fund and Kiwibank Notice Saver are funds within a Portfolio Investment Entity (PIE). Units in Kiwibank PIE Online Call Fund, Kiwibank PIE Term Deposit Fund and 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.
Retail products aren't available to financial institutions or wholesale customers.