Cash PIE

A tax-smart investment that works like an on-call account, so you can withdraw your money at any time, but with the benefit of potentially paying less tax.

1.25% p.a. Cash PIE interest rate1
  • Easy access to your money
  • No fixed term
  • Minimum investment only $1000

How it works

BNZ Cash PIE2 is a managed investment scheme that works in a similar way to a savings account, so you can make deposits and withdrawals when you want.

One advantage of investing in BNZ Cash PIE is that you may get a tax benefit from holding your savings in a portfolio investment entity (PIE)

Returns are maximised because tax is minimised

BNZ Cash PIE has special tax rules. Under current legislation, your share of BNZ Cash PIE taxable income is taxed at your prescribed investor rate (PIR) up to a maximum of 28% for most investors. So if you currently pay income tax at the top rates of 30% or 33% you’ll pay less tax on your PIE returns. If you’ve just returned to the workforce, your PIR might be lower, so you could pay even less than 28% on your investment.

Read more about PIEs and PIRs

Why choose BNZ Cash PIE?

Get better returns

Cash PIE’s potential tax advantages mean that your post-tax returns could be higher than those from a standard on-call account.

Ready access to your money

As long as you keep at least $1,000 in your Cash PIE, you'll be able to access your money in-store, by telephone or email. The minimum withdrawal amount is $500.

No fixed term

Keep your money in Cash PIE for as long as you want, take it out at any time.

No entry or exit fees

You can withdraw your money in $500 lump sums or deposit amounts of $250 or more and pay no fee. You just have to keep a minimum balance of $1,000, unless you are withdrawing your whole investment.

View your balance online

Enjoy the convenience of Internet Banking to check how your investment is doing.

NZ dollar investments

BNZ Cash PIE invests solely in New Zealand dollar, interest-bearing deposits with BNZ.

Is Cash PIE right for you?

Cash PIE could suit you if:

  • you pay income tax at the top rates of 30% or 33%
  • you’ve returned to the workforce after an absence of at least two years That’s because your PIR is based on your taxable income in either of the last two income years
  • you’ve had an increase in salary and, as a result, you’re now paying a higher rate of income tax
  • you’re a trust with a trustee tax rate of 33%, or a trust beneficiary on a 30% or 33% income tax rate.

See examples of how a PIE investment could work for you.

Got a question?

You can ask us questions about Cash PIE by clicking on the ‘Enquire online’ button at the top of the page.

Ready to invest?

If youre ready to invest, you simply need to read and understand the BNZ Cash PIE and BNZ Term PIE Terms and Conditions PDF 200KB, complete and sign the application form, and bring it with you to one of our stores. You can also call us on 0800 275 269.

Want another way to maximise savings you don’t need right now?

BNZ Term PIE is another tax-smart investment that lets you lock in a fixed rate of return for a set term.

Small Print

  1. Rate subject to change without notice. Minimum $1,000 balance applies.
  2. BNZ Cash PIE and BNZ Term PIE are offered and managed by BNZ Investment Services Limited, a wholly owned subsidiary of Bank of New Zealand (BNZ). BNZ Cash PIE and BNZ Term PIE Terms and Conditions apply. An investment in BNZ Cash PIE or BNZ Term PIE does not represent a deposit or other liability of BNZ or any other member of the National Australia Bank Limited group, and is subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of BNZ, any other member of the National Australia Bank Limited group, or any other person guarantees (either partially or fully) the capital value or performance of the investment.

To obtain a copy of the Trust Deed or other documents relating to the BNZ Cash PIE and BNZ Term PIE, you can contact us by:

  • calling 0800 275 269
  • emailing bnz_investment_services@bnz.co.nz or
  • writing to Level 9, 80 Queen Street, Private Bag 92208, Auckland, 1142.

Our BNZ Cash PIE and BNZ Term PIE Terms and Conditions may also be obtained from any BNZ store. BNZ Authorised Financial Advisers’ disclosure statements are available on request and free of charge.