Term Deposits

With a Term Deposit, you lock in a fixed interest rate for a set period, from 30 days to five years so you know exactly what rate you'll earn from the start.
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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, or from $10,000 with a PIE Term Deposit.

  • No set up or monthly fees, so more of your savings stay invested.

  • Choose a PIE Term Deposit and you may benefit from a lower tax rate.

See all rates & terms
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Interest rates are subject to change.

How it works

  • Lock in a fixed term & interest rate

    Invest from $1,000 to $5 million and choose a term from 30 days to five years. Your interest rate is fixed for the length of your term, so you'll know what you'll earn from the start. The minimum investment for a PIE Term Deposit is $10,000.

  • Consider when you'll need your money

    Term Deposits work best when your money stays invested for the full term. If you might need access to your money before maturity, a savings account could be a better option.

    If your circumstances change and you need access to your money before your term ends, you can request to break your Term Deposit. Early termination charges apply.

  • Open & view your investment online

    See our for step-by-step instructions on how to open a Term Deposit online.

    Check your Term Deposit anytime in our mobile app or internet banking. You can also update your maturity instructions before your term ends.

  • Choose when your interest is paid

    If your term is one year or longer, you can choose to receive your interest monthly, quarterly, annually or at maturity.

  • Cap your tax rate with a PIE Term Deposit

    Depending on your prescribed investor rate (PIR), a PIE Term Deposit could help reduce the tax you pay on your returns. The maximum tax rate for a PIE investment is 28%.

    PIE Term Deposits are available for terms up to 12 months and require a minimum investment of $10,000, with interest paid at maturity.

Open a Term Deposit

Want to talk through options?

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

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Already a Kiwibank customer?

Log in to our mobile app or internet banking and go to 'Apply & Open' to make it happen.

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New to Kiwibank?

Welcome! Complete our online form to join Kiwibank and open your savings and investment accounts.

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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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