Term PIEs are term deposit funds that offer investors the tax advantages of the Portfolio Investment Entity regime, and they pay tax on investment income based on the prescribed investor rate (PIR) of their investors, rather than at the entity's tax rate. Savers who'll benefit the most are those on a 30% or 33% income tax rate, because a PIE caps your tax rate at 28%. Use our Deposit Calculator to work out the after-tax savings that will apply to you.
Term PIEs
Banks
| Issuer | Account name | Minimum deposit | Interest compounds | Fees | Advertised Rate % p.a. | Equivalent gross return for a 30% taxpayer | Equivalent gross return for a 33% taxpayer |
|---|---|---|---|---|---|---|---|
| ANZ | Term PIE - 3 months | $10,000 | Z | 0% | 4.15 | 4.33 | 4.52 |
| Term PIE - 6 months | $10,000 | Q | 0% | 5.05 | 5.28 | 5.52 | |
| Term PIE - 9 months | $10,000 | Q | 0% | 4.90 | 5.13 | 5.36 | |
| Term PIE - 1 year | $10,000 | Q | 0% | 4.75 | 4.96 | 5.19 | |
| Term PIE - 18 months | $10,000 | Q | 0% | 4.55 | 4.75 | 4.96 | |
| Term PIE - 2 years | $10,000 | Q | 0% | 4.45 | 4.64 | 4.85 | |
| Term PIE - 3 years | $10,000 | Q | 0% | 4.35 | 4.54 | 4.74 | |
| Term PIE - 4 years | $10,000 | Q | 0% | 4.30 | 4.48 | 4.68 | |
| Term PIE - 5 years | $10,000 | Q | 0% | 4.30 | 4.48 | 4.68 | |
| ASB | Term Fund - 3 months | $10,000 | Z | 0% | 4.15 | 4.26 | 4.45 |
| Term Fund - 6 months | $10,000 | Z | 0% | 5.05 | 5.19 | 5.42 | |
| Term Fund - 9 months | $10,000 | N | 0% | 4.90 | 5.15 | 5.38 | |
| Term Fund - 1 year | $10,000 | N | 0% | 4.75 | 4.98 | 5.21 | |
| Term Fund - 18 months | $10,000 | N | 0% | 4.55 | 4.77 | 4.98 | |
| Term Fund - 2 years | $10,000 | N | 0% | 4.35 | 4.55 | 4.76 | |
| Term Fund - 3 years | $10,000 | N | 0% | 4.35 | 4.55 | 4.76 | |
| Term Fund - 4 years | $10,000 | N | 0% | 4.40 | 4.60 | 4.81 | |
| Term Fund - 5 years | $10,000 | N | 0% | 4.40 | 4.60 | 4.81 | |
| BNZ | Term PIE - 3 months | $2,000 | Z | 0% | 4.10 | 4.36 | 5.60 |
| Term PIE - 5 months | $2,000 | M | 0% | 4.75 | 4.88 | 5.10 | |
| Term PIE - 6 months | $2,000 | M | 0% | 5.10 | 5.36 | 5.60 | |
| Term PIE - 9 months | $2,000 | M | 0% | 4.90 | 5.15 | 5.38 | |
| Term PIE - 1 year | $2,000 | M | 0% | 4.75 | 4.98 | 5.21 | |
| Term PIE - 18 months | $2,000 | M | 0% | 4.55 | 4.77 | 4.98 | |
| Term PIE - 2 years | $2,000 | M | 0% | 4.35 | 4.55 | 4.76 | |
| Term PIE - 3 years | $2,000 | M | 0% | 4.40 | 4.60 | 4.81 | |
| Term PIE - 4 years | $2,000 | M | 0% | 4.40 | 4.60 | 4.81 | |
| Term PIE - 5 years | $2,000 | M | 0% | 4.40 | 4.60 | 4.81 | |
| Heartland Bank | Term Deposit PIE - 6 months | $1,000 | Q | $0 | 5.05 | 5.19 | 5.42 |
| Term Deposit PIE - 9 months | $1,000 | Q | $0 | 5.00 | 5.23 | 5.46 | |
| Term Deposit PIE - 1 year | $1,000 | Q | $0 | 4.75 | 4.88 | 5.10 | |
| Term Deposit PIE - 18 months | $1,000 | Q | $0 | 4.65 | 4.86 | 5.08 | |
| Term Deposit PIE - 2 years | $1,000 | Q | $0 | 4.50 | 4.70 | 4.91 | |
| Term Deposit PIE - 3 years | $1,000 | Q | $0 | 4.40 | 4.59 | 4.40 | |
| Term Deposit PIE - 4 years | $1,000 | Q | $0 | 4.40 | 4.59 | 4.80 | |
| Term Deposit PIE - 5 years | $1,000 | Q | $0 | 4.40 | 4.59 | 4.80 | |
| Kiwibank | Notice Saver - 32 days | $2,000 | M | 0% | 3.55 | 3.70 | 3.86 |
| Notice Saver - 3 months | $2,000 | M | 0% | 4.10 | 4.28 | 4.48 | |
| Term Deposit Fund - 100 days | $10,000 | Z | 0% | 4.20 | 4.32 | 4.51 | |
| Term Deposit Fund - 200 days | $10,000 | Z | 0% | 5.25 | 5.40 | 5.64 | |
| Term Deposit Fund - 3 months | $10,000 | Z | 0% | 4.20 | 4.32 | 4.51 | |
| Term Deposit Fund - 4 months | $10,000 | Z | 0% | 4.40 | 4.52 | 4.72 | |
| Term Deposit Fund - 5 months | $10,000 | Z | 0% | 4.80 | 4.93 | 5.15 | |
| Term Deposit Fund - 6 months | $10,000 | Z | 0% | 5.10 | 5.23 | 5.46 | |
| Term Deposit Fund - 9 months | $10,000 | Z | 0% | 4.90 | 5.02 | 5.25 | |
| Term Deposit Fund - 1 year | $10,000 | Z | 0% | 4.80 | 4.93 | 5.15 | |
| Westpac | Notice Saver PIE - 32 days | $1 | Z | 0% | 4.00 | 4.18 | 4.37 |
| Term Fund - 3 months | $5,000 | Z | 0% | 4.30 | 4.41 | 4.61 | |
| Term Fund - 4 months | $5,000 | Z | 0% | 4.25 | 4.37 | 4.56 | |
| Term Fund - 5 months | $5,000 | Z | 0% | 4.80 | 4.93 | 5.15 | |
| Term Fund - 6 months | $5,000 | Z | 0% | 5.05 | 5.19 | 5.42 | |
| Term Fund - 9 months | $5,000 | Z | 0% | 4.90 | 5.02 | 5.25 | |
| Term Fund - 1 year | $5,000 | Z | 0% | 4.75 | 4.88 | 5.10 | |
| Term Fund - 18 months | $5,000 | Z | 0% | 4.60 | 4.73 | 4.94 | |
| Term Fund - 2 years | $5,000 | Z | 0% | 4.50 | 4.61 | 4.82 | |
| Term Fund - 3 years | $5,000 | Z | 0% | 4.40 | 4.52 | 4.72 | |
| Term Fund - 4 years | $5,000 | Z | 0% | 4.30 | 4.41 | 4.61 | |
| Term Fund - 5 years | $5,000 | Z | 0% | 4.30 | 4.72 | 4.93 |