• 1. Investment selection
  • 2. Investment details
  • 3. Personal details
  • 4. Ways to bank
  • 5. Application summary

1Choose a product

  2. Before you open your Notice Saver, there’s a few things you need to know:

    • Notice Saver is a Fund in the Kiwibank PIE Unit Trust (Trust). The Trust is managed by Kiwibank Investment Management Limited (KIML) and is invested solely with Kiwibank Limited.
    • You select from the range of notice periods on offer – this is then the minimum amount of notice you must give KIML in order to withdraw all or part of your money and get your rate of return.
    • Rates of return can change at any time without notice - including for existing accounts. Current rates of return are available on the Interest rates page.
    • You won’t earn any return if your balance drops below the minimum of $2,000.
    • You can keep adding money into your account at any time.
    • There are no account fees, however:
      • You must give the agreed number of days’ notice before making a withdrawal.
      • If you don’t give the agreed amount of notice you’ll need to pay an Immediate Withdrawal Charge.
      • This Charge is an interest adjustment which depends on the length of the notice period, the amount you withdraw and the current rate of return. Examples of how the Immediate Withdrawal Charge will be applied can be found here.
      • Immediate withdrawal requests can’t be reversed and may be refused at KIML’s discretion.
    • The Trust is a Portfolio Investment Entity. This means you’re taxed at your Portfolio Investor Rate (PIR). We need your PIR in order to open your account. It’s important you provide your correct PIR or you’ll be taxed at the default rate of 28% which may be higher than your correct PIR.
    • Because Notice Saver is part of a Trust, your investment is held by a Supervisor on your behalf.

    When you open your Notice Saver with Kiwibank, you agree to be and are bound by Kiwibank’s General Terms and Conditions and the Notice Saver Terms & Conditions . You are also bound by the terms of the Trust Deed which is available on request from Kiwibank.

    This information forms the basis of KIML’s agreement with you to invest in Notice Saver. Full details of your agreement will be sent to you.

  4. Get anytime access to your money while earning great returns. More info.

  6. Before you open your PIE Online Call, there’s a few things you need to know:

    • PIE Online Call is a Fund in the Kiwibank PIE Unit Trust (Trust). The Trust is managed by Kiwibank Investment Management Limited (KIML) and is invested solely with Kiwibank Limited.
    • With PIE Online Call:
      • you deposit money into an account; and
      • you’ll be paid a rate of return.
    • You have ready access to your money and get a “bonus rate” of return if you don’t make any withdrawals in the month.
    • Rates of return can change at any time without notice including for existing accounts. Current rates of return are available on the Interest Rates page.
    • You can keep adding money into your account at any time. Any withdrawals you make will be paid into your Nominated Account.
    • There are no account fees however you won’t earn any return if your balance drops below the minimum of $2,000.
    • The Trust is a Portfolio Investment Entity. This means you’re taxed at your Portfolio Investor Rate (PIR). You need to give us your PIR or you’ll be taxed at the default rate of 28% which may be higher than your correct PIR.
    • Because PIE Online Call is part of a Trust, your investment is held by a Supervisor on your behalf.

    When you open your PIE Online Call with Kiwibank, you agree to be and are bound by Kiwibank’s General Terms and Conditions and the PIE Online Call Fund Terms & Conditions. You are also bound by the terms of the Trust Deed which is available on request from Kiwibank.

    This information forms the basis of KIML’s agreement with you to invest in a PIE Online Call Account. Full details of your agreement will be sent to you.

  8. Before you open your Term Deposit, there’s a few things you need to know:

    • A term deposit is where:
      • you deposit a set amount of money with Kiwibank for a set period of time (a term); and
      • we pay you a rate of interest on that money for that term.
    • The minimum deposit is $1,000 and interest rates vary.
    • After completing this application, you will be able to fund your Term Deposit by sending us a cheque or we will contact you to discuss funding options.
    • There are no account fees, however because your investment is for a set term you need Kiwibank’s agreement to break your term deposit early. If you do break early:
      • you will forfeit all interest owed to you if you break within the first 30 days;
      • after the first 30 days you will receive a lower rate of interest on the funds you withdraw early.

    By continuing you agree to be and are therefore bound by Kiwibank’s General Terms and Conditions and the Term Deposit Terms & Conditions.

    This information forms the basis of Kiwibank’s agreement with you to invest in a Term Deposit. Full details of your agreement will be sent to you.

  10. Before you open your PIE Term Deposit, there’s a few things you need to know:

    • PIE Term Deposit is a Fund in the Kiwibank PIE Unit Trust (Trust). The Trust is managed by Kiwibank Investment Management Limited (KIML) and is invested solely with Kiwibank Limited.
    • With PIE Term Deposit:
      • you agree to invest a set amount of money into an account for a set period of time (a term); and
      • KIML agrees to pay you an agreed rate of return on that money for that term.
    • Current terms and their rates of return are on the Interest rates page.
    • The minimum deposit for each separate investment is $10,000.
    • There are no account fees however because your investment is for a set term you need KIML’s agreement to break your PIE Term Deposit early and, if you do break early, you will incur an Early Termination Charge.
    • The amount of the Charge depends on the rate that applied at the time you invested and how long you have been invested. Examples of how the Early Termination Charge will be applied can be found here.
    • The Trust is a Portfolio Investment Entity. This means you’re taxed at your Portfolio Investor Rate (PIR). We need your PIR in order to open your account. It’s important you give us the correct PIR or you’ll be taxed at the default rate of 28% which may be higher than your correct PIR.
    • Because the PIE Term Deposit Fund is part of a Trust, your investment is held by a Supervisor on your behalf.

    When you open your PIE Term Deposit with Kiwibank, you agree to be and are bound by Kiwibank’s General Terms and Conditions and the PIE Term Deposit Fund Terms & Conditions. You are also bound by the terms of the Trust Deed which is available on request from Kiwibank.

    This information forms the basis of KIML’s agreement with you to invest in the PIE Term Deposit Fund. Full details of your agreement will be sent to you.

You must be over 18 to apply for this product

You must be in New Zealand when applying for this product

2Who's this investment for?

  5. To open accounts for your Trust, Kiwibank must view the Trust Deed. To do this, please make an appointment with your local Kiwibank.
    To get a head start, an application form and the Terms and Conditions can be downloaded here.

  6. To open accounts for your business or organisation, please contact our business banking team.
    To get a head start, an application form and the Terms and Conditions can be downloaded here.

3Are you an existing customer?

4Do you have internet banking?

5Are you both Kiwibank customers?

6Do you have a joint account with Kiwibank?

  2. Both of you need to already have a joint account with Kiwibank, and both of you will be able to manage this account with only one of you present.

7Do you have Internet Banking?

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Login to Internet BankingYou can open this account through ‘apply & open’ – and start using it straight away