By investing in a Term Deposit, you agree and are bound by Kiwibank’s General Terms and Conditions (PDF 286.4 kB).
Choose to have your interest paid:
If you pay 30 or 33% tax on your income (you earn over $48,000 a year) and you’ve got $10,000 or more to invest, only want to invest for up to one year and want your interest at maturity, choose the PIE Term Deposit option when you open your account.
PIE Term Deposits work just like standard Term Deposits, but you’ll only pay 28% tax on the interest you earn (so you pay less tax if your income tax rate is 30% or 33%), keeping more of your return in your pocket. More about PIEs
(You can change this during the term if you need to.)
If you need your money before your term is up:
Download the Kiwibank Term Deposit Terms and Conditions (PDF 41.0 kB) or pick up a copy from your local Kiwibank
Units in the Kiwibank PIE Term Deposit Fund are distributed by Kiwibank and are issued by Kiwibank Investment Management Limited. Download the Terms and Conditions for the PIE Term Deposit Fund (PDF 52.3 kB), or pick up a copy from your local Kiwibank.
Download Kiwibank Limited’s Disclosure Statement (PDF 1.3 MB) or pick up a copy from your local Kiwibank.
This communication contains general information only and not investment or tax advice, and as such you should not 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 investing in an investment.