Term Deposits

With a Term Deposit, you can lock in a competitive interest rate for a fixed term — from as little as 30 days up to five years. It’s a smart, straightforward way to invest with confidence and grow your savings.
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Grow your savings with certainty

  • Lock in a competitive interest rate and enjoy a fixed return on your savings.

  • Invest from $1,000 to $5 million — choose an amount that works for you.

  • Choose interest payments monthly, quarterly, annually or at maturity — giving you control over your cash flow.

  • Maximise your investment with a PIE Term Deposit and enjoy potential tax advantages.

See all rates & terms
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How it works

  • Lock in a fixed return

    Enjoy a fixed return on terms ranging from 30 days to five years. Your interest rate is fixed for the length of the term you choose.

  • Cap maximum tax rate with a PIE term deposit

    A PIE Term Deposit could have tax advantages for you. With a PIE the maximum tax you'll pay on the return you earn is 28%. PIE Term Deposits at Kiwibank are available for terms up to 12 months. Returns are payable at maturity and interim interest isn't available for PIE Term Deposits.

  • Choose when you get your interest paid

    When you invest in a Term Deposit for a year or longer, you can choose to have your interest paid monthly, quarterly, annually or at maturity.

  • Choose your investment amount

    Invest from $1,000 to $5 million. For investments above $5 million please contact us for rates. Minimum investment amount for a PIE Term Deposit is $10,000.

  • Withdraw early if needed

    We have a simple policy for breaking a Term Deposit — just give us a call or visit us in branch. You'll have an early termination charge applied if you withdraw your money early.

Is a Term Deposit right for you?

A Term Deposit offers a fixed return for a set period. However, you should consider if you’ll need your money before the maturity date as early termination charges may apply. If you think you'll need the money early, one of our savings accounts may be more suitable.

Open a Term Deposit

Ready to join Kiwibank?

Joining is easy: complete our online form and get started. Once you're set up, open savings and investment accounts to grow your money.

Join now

Already a Kiwibank customer?

Open our mobile app or log in to internet banking and go to Apply & Open, then select Term Deposits to make it happen.

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Want to talk through options?

No problem, complete our online form and an investment specialist will call you.

Request a call back

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

Other options you may be interested in

Depositor protection

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Term Deposits are protected under the Depositor Compensation Scheme.

Standard terms and conditions

Interest rates are subject to change.

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.

This communication contains general information only and not investment or tax advice, and as such you shouldn't 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 such an investment.

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