Popular terms

The above rates are valid for minimum investments of $10,000. Interest is payable at maturity.

See more Term Deposit rates

How it works

  • Terms from 30 days to five years for amounts from $1,000 to $5 million.
  • Your rate is fixed in for the length of the term.
  • You can’t add money once the term has started, and you get less interest if you need to withdraw the money early or no interest if you withdraw in the first 30 days.
  • Open and manage your Term Deposit online using internet banking or our mobile app – easy peasey.
  • If you pay 30% or 33% tax on your income and you’ve got $10,000 or more to invest, a PIE Term Deposit could be a good option.
  • Term Deposit rates apply to the first $5 million of total deposits you hold with Kiwibank. If you are investing more than $5 million, please contact us to discuss rates.
Terms one year or longer

Choose to have your interest paid:

  • as a lump sum at the end of your term
  • monthly or quarterly into your bank account.
Terms two years or longer

Access up to 20% of your deposit anytime, without paying a fee or losing any interest.

When the term is up

Choose to:

  • reinvest your original deposit and the interest it earned
  • have it all paid out into your bank account.

You can change this during the term if you need to.

PIE Term Deposits

If you pay 30% or 33% tax on your income 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, you'll only pay up to a maximum of 28% tax on the interest income 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 Use PIE Calculator
Get started with your investment

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By investing in a Term Deposit, you agree and are bound by Kiwibank’s General Terms and Conditions.

Units in the Kiwibank PIE Term Deposit Fund are distributed by Kiwibank and are issued by Kiwibank Investment Management Limited. Download the Kiwibank Term Deposit Terms and Conditions (PDF 40.1 KB) and Terms and Conditions for the PIE Term Deposit Fund (PDF 51.1 KB), or pick up a copy from your local Kiwibank.

Download Kiwibank’s Disclosure Statement (PDF 474.3 KB) or pick up a copy at 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.