We’ve got a range of initiatives to support you or your business, if you’ve been financially impacted by COVID-19, We also have guides to help you bank from home. For all other updates, see our COVID-19 page.
All our branches have returned to normal trading hours. See our latest branch updates for more information.
No problem, the easiest way to apply is to complete our form and an investment expert will call you.
Apply nowLog in to Internet Banking and go to Apply & Open to make it happen.
Log in to Internet BankingYou can also visit one of our branches whether you're new to Kiwibank or already a Kiwibank customer.
Find my nearest KiwibankIf you like the idea of a steady, reliable way to grow your savings, have a look at our Term Deposits. Lock in a competitive interest rate for a fixed term – anywhere from 30 days to five years.
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 33%. With a PIE, the maximum tax you’ll pay on the return you earn is 28%. Returns are payable at maturity.
* This is the effective rate that applies if you pay tax at the top marginal rate. Find out more.
For terms longer than a year, 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 income from your investment.
Interest rates are subject to change. The above rates are valid for investments of $10,000 to $5 million. If you're investing more than $5 million, please contact us for rates.
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.
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.
Portfolio Investment Entity (PIE) and interim interest payment options are available for selected terms.
We have a simple break policy – just give us a call or visit us in branch. You'll have an interest penalty applied if you withdraw your money early.
Invest from $1,000 to $5 million (you can invest more than $5 million, but you’ll need to contact us to discuss rates).
You're in control – you can open and manage your Term Deposit anytime and anywhere using internet banking or our mobile app.
If you’re keen to build your nest egg with a Term Deposit, you can apply online.
No problem, the easiest way to apply is to complete our form and an investment expert will call you.
Apply nowLog in to Internet Banking and go to Apply & Open to make it happen.
Log in to Internet BankingYou can also visit one of our branches whether you're new to Kiwibank or already a Kiwibank customer.
Find my nearest KiwibankOnce your application is complete, our team will get in touch with you so make sure you have your:
If you're a business banking customer, please call 0800 601 601 or talk to our business banking managers.
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 break penalties may apply. If you think you'll need the money early, one of our savings accounts may be more suitable.
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 33%. 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.
Earn good returns and have immediate access to your funds.
Interest rates are subject to change.
Add money whenever you like, give notice to make a withdrawal.
Rates of return are subject to change.
Earn higher interest if you add at least $20 each month and don’t dip into your account.
Interest rates are subject to change.
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.