Title: Westpac Term PIE Fund | Westpac NZ
Headings: Westpac Term PIE Fund.
Westpac Term PIE Fund.
Providing a better after-tax return for some investors, a Term PIE may grow your money faster.
On this page
Benefits.
Grow your savings
What’s a PIE?
How it works.
Potential tax advantages
How your money is invested
Your earnings and income
Compound interest
Additional access options
20% withdrawal - conditions
Early withdrawals
Term PIE Rates.
View other term investment rates
Savings & Investment Chooser tool.
Opening a Westpac Term PIE Fund.
Call us
Visit a branch
Quick help.
What's the difference between a Term Deposit and a Term PIE?
Investment guides.
View all investment guides
What investing can do for you
Investing vs saving
Investing basics
Things you should know.

Content: How do I know how much tax I’ve paid on my returns? At the end of the tax year, we’ll give you a tax certificate. What's the difference between a Term Deposit and a Term PIE? Term Deposits
Westpac Term PIE Fund
Fixed rate
Yes
Yes
Fixed term
Yes
Yes
Choice of return payment options, including monthly income and compounding returns depending on the term
Yes
Yes
Investment type
Direct investment into an interest bearing account with Westpac NZ
Investment in a unit trust that invests solely into a New Zealand dollar, interest bearing account with Westpac NZ
Minimum investment
$5,000
$5,000
Applicable tax
RWT
Current maximum rate 33%
PIE Tax
Current maximum rate 28%
Reduced rate for early withdrawals
Yes
Yes
What are my reinvesting and repayment options for my Term PIE investment? When you set up your investment in the Term PIE, you can choose to: have your investment (plus returns) automatically reinvested for the same or another term at maturity; or,
have your investment paid into any New Zealand bank account when it matures. Prior to your investment in the Term PIE maturing, we’ll send you a reminder notice so you can review your reinvestment or repayment instructions and make any changes before it matures. Investment guides. View all investment guides
What investing can do for you
Investment could help you grow your wealth faster, hit your short-term targets and set yourself up for a more comfortable future.