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ANZ PIE Fund - Term Option

A tax-efficient investment with a fixed return for a fixed term (minimum investment $10,000).

  • Offers the potential to boost your after tax return
  • Choice of terms to suit your needs
  • The certainty of a locked rate of return
  • Choice of return payments for terms of 180 days or more

Open a term investment

A tax-efficient investment option

Better after tax returns

If you have a 30% or 33% income tax rate, the ANZ PIE Fund could give you a higher after tax return than a standard term deposit.

Works like a term deposit

Like a term deposit, your rate of return is fixed for the term of your investment - so you know exactly what your return will be. There are no monthly fees and no joining or management fees.

You choose how to receive your return

For terms of 180 days or more, returns can be paid at regular intervals (for regular income), at the end of the term or reinvested - it's your choice.

Term Option rates

90 days

2.65% p.a.  


Effective rate if you pay income tax at 30%

2.73% p.a.


Effective rate if you pay income tax at 33%

2.85% p.a.

270 days

3.40% p.a.


Effective rate if you pay income tax at 30%

3.50% p.a.


Effective rate if you pay income tax at 33%

3.65% p.a.

1 year

3.40% p.a.


Effective rate if you pay income tax at 30%

3.50% p.a.


Effective rate if you pay income tax at 33%

3.65% p.a.

3 years

3.65% p.a.


Effective rate if you pay income tax at 30%

3.75% p.a.


Effective rate if you pay income tax at 33%

3.92% p.a.

Rates are subject to change. Minimum investment $10,000.

Rates apply up to the first $5,000,000 held in all ANZ PIE Fund term investments and are only available to Retail and Business Banking customers. For all other rates, please contact us.

Effective rates: For 30% and 33% taxpayers, the ANZ PIE Fund returns can be taxed at 28%. The effective rate is the annualised rate you would need to earn if taxed at your tax rate, to achieve the same after tax return as investing in the ANZ PIE Fund with a PIR of 28%. The calculation assumes returns are not compounded.

Term PIE effective rates
Type of rate Rate of return Effective rate 30% Effective rate 33%
30 days 0.50% p.a. 0.51% p.a. 0.54% p.a.
60 days 1.50% p.a. 1.54% p.a.   1.61% p.a. 
90 days 2.65% p.a. 2.73% p.a. 2.85% p.a.
120 days 3.00% p.a. 3.09% p.a. 3.22% p.a.
150 days 3.00% p.a. 3.09% p.a. 3.22% p.a.
180 days 3.25% p.a. 3.34% p.a. 3.49% p.a.
210 days 3.25% p.a. 3.34% p.a. 3.49% p.a.
240 days 3.30% p.a. 3.39% p.a. 3.55% p.a.
270 days 3.40% p.a. 3.50% p.a. 3.65% p.a.
1 year 3.40% p.a. 3.50% p.a. 3.65% p.a.
18 months 3.45% p.a. 3.55% p.a. 3.71% p.a.
2 years 3.55% p.a. 3.65% p.a. 3.81% p.a.
3 years 3.65% p.a.
3.75% p.a. 3.92% p.a.
4 years 3.75% p.a. 3.86% p.a. 4.03% p.a.
5 years 3.80% p.a. 3.91% p.a. 4.08% p.a.

How it works

The ANZ PIE Fund has a term option that works like a term deposit but operates under special tax rules. Before investing, please consider if you’ll need access to your money as with a Term Option you shouldn’t expect to access your money before the maturity date. If you do need access, our Call Option might be more suitable.

Your return

For terms of 180 days or more, returns can be paid at regular intervals (monthly, quarterly, six monthly or annually), at the end of the term, or reinvested (quarterly, six monthly or annually) – it’s your choice.

7 day ‘cooling off’ period

For Retail and Business Banking customers there is a 7 day ‘cooling-off’ period after you open or reinvest your term investment. During this time you can cancel your term investment, or change the term or amount of your investment.

Early withdrawals

Your money is locked in for the term however if you do unexpectedly need your money after investing in an ANZ PIE Fund - Term Option, you can request an early withdrawal. You’ll need to let us know if you’re suffering from financial hardship or give us 31 days’ notice of the withdrawal. If we agree to let you make an early withdrawal, we’ll reduce your rate by 3% per annum on the amount you withdraw (your return will not go below 0%).

Your tax details

We need your tax details when you open an ANZ PIE Fund. This includes your Prescribed Investor Rate (PIR), IRD number and tax residency details including a foreign tax identification number (if any). If we don’t have your PIR, we will apply the default PIR of 28% and if we don’t have your IRD number within six weeks of opening your investment, we may have to close your account and return your investment.

How to apply

New to ANZ 

It's easy to apply online for a term option

  1. Apply online - use our simple online form, it takes 5 minutes.
  2. We’ll contact you - we'll arrange a time with you to visit an ANZ branch to confirm your identity.
  3. Visit a branch - we'll confirm your identity and setup your ANZ Internet Banking, goMoney and anything else you need.

Existing customers 

Open your term option via ANZ Internet Banking

We will open your term option in the next few days.

Open via Internet Banking

Or open via our online form

Open online 

Other ways to apply

Call us on 0800 269 296

Weekdays 8am-8.30pm (NZDT)

Weekends 9am-5pm (NZDT)

International: +64 4 470 3142 (toll charges apply).

Or visit a branch

Find an ANZ branch

Tools & tips

Calculate your PIR

Check your PIR ('Prescribed Investor Rate') which is the rate that applies to any PIE product you hold (such as an ANZ PIE Fund investment).
 

Calculate my PIR

Understanding ANZ PIE fund tax benefits

The ANZ PIE Fund is a tax-efficient investment that could deliver a better after tax return 


Learn more

Saving tips

We've put together some helpful tips to help you make saving part of your daily routine.


Learn more

We'll help you figure things out

Help and support 

See all help and support articles

Works great with

Serious Saver account

Designed to help you save

Get rewarded with Premium interest and grow your savings faster - and you can also access your money if you need to.

ANZ PIE Fund - Call option

More flexible access

An investment that you can withdraw at any time and you may benefit by paying less tax.

A copy of the General Terms and Conditions is available from any ANZ branch.

Breaking a term investment: Your funds are invested for a fixed term and there are access restrictions during the term of your investment. You can request an early withdrawal from your investment, but we don’t have to agree to let you withdraw your money early. Early withdrawals may be permitted if you give us 31 days’ notice or if you’re suffering from hardship, as reasonably determined by us. If you make an early withdrawal, we’ll reduce the return payable on the money you withdraw. The rate of return reduction is 3% per annum (your return will not go below 0%) on the amount you withdraw.

Cooling-off period:  You have a seven calendar day ‘cooling-off’ period after we open or reinvest your ANZ PIE Fund term investment. During this time you can cancel, or change the term or amount of your investment. If you cancel your ANZ PIE Fund term investment during your cooling-off period, we won’t pay you any return you may have earned during that period. If you change the term or amount of your investment during your cooling-off period, a different rate of return may apply.