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Westpac Term PIE Fund rates
Current rates of return for the Westpac Term PIE Fund (Term PIE Fund) as at 7 February 2012. (Rates of return are before tax and are subject to change without notice).
Contact a branch to invest in the Term PIE Fund
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| 180 days |
4.00% p.a. |
Maturity only |
4.11% p.a. |
4.30% p.a. |
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| 12 months |
4.25% p.a. |
Quarterly/Six-Monthly
/Annually/Maturity/
Compounding |
4.37% p.a. |
4.57% p.a. |
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| 2 years |
4.80% p.a. |
Quarterly/Six-Monthly
/Annually/Maturity/
Compounding |
4.94% p.a. |
5.16% p.a. |
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| ^ The effective return is the term deposit rate required to get the same after tax return as the Term PIE Fund based on a PIR of 28% and an income tax rate of either 30% or 33%. |
| ^^ i.e. individuals with taxable income of $48,001 to $70,000 |
| ^^^ i.e. individuals with taxable income of $70,001 and over |
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| For terms less than 12 months, returns are paid in full at the end of the term (unless the rate of return relates to a monthly income option). You can also elect to have returns paid at maturity for terms 12 months or longer. |
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| | | 30 - 59 days | 2.00% p.a. | 3.00% p.a. | 3.00% p.a. | 3.00% p.a. | | | 60 - 89 days | 3.00% p.a. | 3.00% p.a. | 3.00% p.a. | 3.00% p.a. | | | 90 - 119 days | 3.00% p.a. | 3.25% p.a. | 3.25% p.a. | 3.25% p.a. | | | 120 - 149 days | 3.00% p.a. | 3.25% p.a. | 3.25% p.a. | 3.25% p.a. | | | 150 - 179 days | 3.00% p.a. | 3.25% p.a. | 3.25% p.a. | 3.25% p.a. | | | 180 - 269 days | 3.00% p.a. | 4.00% p.a.* | 4.00% p.a.* | 4.00% p.a.* | | | 270 days < 12 months | 3.00% p.a. | 4.00% p.a. | 4.00% p.a. | 4.00% p.a. | | | 12 months < 18 months | 4.00% p.a. | 4.25% p.a.* | 4.25% p.a.* | 4.25% p.a.* | | | 18 months < 2 years | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 2 years < 3 years | 4.50% p.a. | 4.80% p.a.* | 4.80% p.a.* | 4.80% p.a.* | | | 3 years < 4 years | 4.50% p.a. | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. | | | 4 years | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. | |
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| * Special rate of return |
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| For terms of six months or longer you can choose to have returns paid monthly into your nominated bank account. This regular income stream can be ideal if you need to supplement other income such as NZ Superannuation. |
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| | | 180 - 269 days | 3.00% p.a. | 4.00% p.a. | 4.00% p.a. | 4.00% p.a. | | | 270 days < 12 months | 3.00% p.a. | 4.00% p.a. | 4.00% p.a. | 4.00% p.a. | | | 12 months < 18 months | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 18 months < 2 years | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 2 years < 3 years | 4.30% p.a. | 4.60% p.a. | 4.60% p.a. | 4.60% p.a. | | | 3 years < 4 years | 4.40% p.a. | 4.90% p.a. | 4.90% p.a. | 4.90% p.a. | | | 4 years | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. | |
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| For terms 12 months or longer, you can choose to have returns paid every three (quarterly), six or 12 months. The default payment frequency is quarterly. Returns can be compounded (added automatically to your original investment) which allows you to earn ‘returns on your returns’, meaning your investment grows at a faster rate than if returns were paid out during the course of the investment or paid in full at maturity. Alternatively, you can choose to have returns paid separately into any New Zealand bank account which allows you to receive a periodic income stream that is less frequent than our monthly income option. |
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| | | 12 months < 18 months | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 18 months < 2 years | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 2 years < 3 years | 4.50% p.a. | 4.80% p.a. | 4.80% p.a. | 4.80% p.a. | | | 3 years < 4 years | 4.50% p.a. | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. | | | 4 years | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. | |
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| Investments made in the Term PIE Fund do not represent deposits or liabilities of Westpac New Zealand Limited or any other member of the Westpac group of companies. No Westpac company guarantees the Term PIE Fund's performance, returns or payment of capital. You can get a copy of the current disclosure statement for Westpac New Zealand Limited and a copy of the investment statement for any securities for which an investment statement is required from any Westpac branch in New Zealand free of charge. Disclosure Statements for Westpac Investment Advisers are available on request and free of charge from any Westpac Investment Adviser. |
The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.
| Copyright©2011 Westpac New Zealand Limited |
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