Popular rates & terms
PIE Term Deposits
A PIE Term Deposit could have tax advantages for you. Usually you’d pay your regular income tax on interest earned on term deposits, which could be up to 39%. With a PIE, the maximum tax you’ll pay on the return you earn is 28%. Returns are payable at maturity.
Effective rate*: PIE Term Deposit - 120 days (active)
Effective rate*: PIE Term Deposit - 6 months (active)
Effective rate*: PIE Term Deposit - 9 months (active)
Effective rate*: PIE Term Deposit - 1 year (active)
PIE Term Deposits are required to have a minimum deposit balance of $10,000. * This is the effective rate that applies if you pay tax at the top marginal rate. Find out more.
Interim interest
For terms one year or longer, you can choose to have your interest paid out as a lump sum at the end of your term or paid monthly, quarterly, six-monthly or annually into your bank account. A great way to generate regular return from your investment. Interim interest isn't available on the one year PIE Term Deposit.
Interest rates are subject to change. The above rates are valid for investments of $1,000 to $5 million. If you're investing more than $5 million, please contact us for rates.
How Term Deposits work
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Fixed interest rate for a fixed term
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.
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PIE Term Deposits
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%.
Returns are payable at maturity and interim interest isn't available for PIE Term Deposits. -
Depositor protection
Term Deposits are covered under the Depositor Compensation Scheme.
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Term Deposit investment and interest
Invest from $1,000 to $5 million. For investments above $5 million please contact us for rates.
Interim interest options are available for terms one year or longer. -
Breaking a Term Deposit
We have a simple break policy – just give us a call or visit us in branch. You'll have an early termination charge applied if you withdraw your money early.
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What it costs
There are no set up or monthly fees on our Term Deposits, but early termination charges may apply if you need to access your money before the maturity date.
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Self-manage your account
You're in control — you can open and manage your Term Deposit anytime and anywhere using internet banking or our mobile app. You can also change your maturity instructions online before your term is up if you change your mind.
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.
Apply now
Put your money to work, apply online for a Term Deposit.
New to Kiwibank?
Welcome! Complete our online application form to join Kiwibank. From there you can open your new savings and investment account.
Join nowAlready a Kiwibank customer?
Log in to Internet Banking and go to Apply & Open to make it happen.
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No problem, the easiest way to apply is to complete our form and an investment specialist will call you.
Apply nowIf you're a business banking customer, please call 0800 601 601 or talk to a business banking specialist.
PIE Term Deposit
It works the same as a standard Term Deposit, but it could have tax advantages for you. Usually you’d pay your regular income tax on interest earned on savings accounts, which could be up to 39%. With a PIE, the maximum tax you’ll pay on the returns you earn is 28% – meaning you could keep more of your return in your pocket.
Other options you may be interested in
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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