Term PIE

Invest your money for a fixed term, at a fixed rate. BNZ Term PIE is designed to help you potentially pay less tax.

See all rates and terms Open a Term PIE

Is Term PIE right for me?

BNZ Term PIE^ could suit you if:

  • you pay income tax at the top rates of 30%, 33%, or 39%
  • you’ve gone back to work after being away for at least two years
  • you’ve had an increase in salary and you’re now paying a higher rate of income tax
  • you’re a trust with a trustee tax rate of 33% or 39%, or a trust beneficiary on a 30%,  33%, or 39% income tax rate.

Pay less tax

Portfolio Investment Entities (PIEs) have tax rules, which means your after-tax returns could be higher than the returns from a term deposit.

You’ll be taxed at your prescribed investor rate (PIR) instead of your personal income tax rate. So if you pay income tax at the top rates of 30%, 33%, or 39% you’ll pay less tax on your PIE returns because the maximum tax rate is 28%.

More benefits of Term PIE

Pick a term that suits you

You decide the length of your investment term to suit your savings goals, from 30 days to 5 years.^

Payment options

Depending on the investment term, you can choose to have your interest paid monthly, quarterly, six monthly, annually, or at the end of the term.

Compounding interest

You can choose to keep your returns invested, so you’ll be earning a return on returns.

Ways to open a Term PIE

If you’re already a BNZ customer, you can open a Term PIE online, over the phone, or in person.

Send us a message

Send us a message in Internet Banking or the BNZ app. Our team will call you within 48 hours to verify your email address and send you an application form to sign online.

Log in to send a message

Call us

Give us a call and we’ll verify your email address and send you an application form to sign online.

Call 0800 275 269

How to open a Term PIE if you’re not a customer

  1. Join BNZ by opening a YouMoney account online.
  2. Once your account is open, deposit your funds for your Term PIE into your account.
  3. Call us on 0800 275 269 to set up your Term PIE, or send us a secure message in Internet Banking or the BNZ app and our team will be in touch within 48 hours.

Term PIE rates

Rates are subject to change without notice.
Term PIE rates are available only for the first $10,000,000 of total deposits you hold with BNZ. The minimum Term PIE amount is $2,000.

Financial statements

Read the latest financial statements including: comprehensive income, changes in net assets attributable to scheme participants, financial position, and cash flows.

2024 BNZ Term PIE Financial Statements (PDF 524KB)

Depositor Compensation Scheme

BNZ Term PIE is covered under the Government’s Depositor Compensation Scheme. The scheme covers up to $100,000 of your money in the unlikely event of a failure.

Other savings and investment options

Savings account

Earn interest on every dollar in your Rapid Save account, no matter what your balance.

More about Rapid Save

Managed funds

Access or top up your investment when you need with the flexibility of a YouWealth account.

More about YouWealth