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Cash PIE's
Cash Pie Intro
Cash PIEs are at-call funds that offer investors the tax advantages of the Portfolio Investment Entity regime, and they pay tax on investment income based on the prescribed investor rate (PIR) of their investors, rather than at the entity's tax rate. Savers who'll benefit the most are those on a 30% or 33% income tax rate, because a PIE caps your tax rate at 28%. Use our Deposit Calculator to work out the after-tax savings that will apply to you.
Banks
| Issuer | Account name | Minimum deposit | Interest compounds | Fees | Advertised Rate % p.a. | Equivalent gross return for a 30% taxpayer | Equivalent gross return for a 33% taxpayer |
|---|---|---|---|---|---|---|---|
| ANZ | Call Fund | $500 | Q | $0 | 2.75 | 2.84 | 2.97 |
| ASB | Cash Fund | $500 | M | $0 | 3.15 | 3.27 | 3.41 |
| BNZ | Cash PIE | $1,000 | M | 0% | 3.66 | 3.82 | 3.99 |
| Heartland Bank | Call PIE | $1,000 | M | $0 | 4.25 | 4.45 | 4.65 |
| Kiwibank | On-line Call - base | $2,000 | M | $0 | 2.40 | 2.48 | 2.60 |
| On-line Call - bonus rate | $2,000 | M | $0 | 3.15 | 3.28 | 3.42 | |
 | Cash Advantage Fund | $250 | D | $0 | 3.30 | 3.44 | 3.60 |
| SBS Bank | Lifestages Call Fund | $5,000 | Q | $0 | 3.00 | 3.11 | 3.25 |
| TSB | Cash Fund | $5,000 | Q | $0 | 3.75 | 3.90 | 4.08 |
| Westpac | Online Saver PIE | $500 | M | $0 | 3.00 | 3.12 | 3.26 |
| Online Bonus Saver PIE (base) | $500 | M | $0 | 0.10 | 0.10 | 0.11 | |
| Online Bonus Saver PIE (potential rate) | $500 | M | $0 | 4.00 | 4.18 | 4.37 |
Building Societies
Brokers
| Issuer | Account name | Minimum deposit | Interest compounds | Fees | Advertised Rate % p.a. | Equivalent gross return for a 30% taxpayer | Equivalent gross return for a 33% taxpayer |
|---|---|---|---|---|---|---|---|
| Direct Broking | Call Account | $1 | M | $0 | 2.40 | 2.48 | 2.60 |
| Spicers | Premium Plus | $5,000 | M | $0 | 2.75 | 2.85 | 2.98 |
Finance Companies
| Issuer | Account name | Minimum deposit | Interest compounds | Fees | Advertised Rate % p.a. | Equivalent gross return for a 30% taxpayer | Equivalent gross return for a 33% taxpayer |
|---|---|---|---|---|---|---|---|
| Medical Securities | Call Fund | $500 | M | $0 | 3.25 | 3.38 | 3.53 |
| UDC Finance | Call Maximizer | $5,000 | Q | $0 | 3.00 | 3.11 | 3.25 |
Trustees
| Issuer | Account name | Minimum deposit | Interest compounds | Fees | Advertised Rate % p.a. | Equivalent gross return for a 30% taxpayer | Equivalent gross return for a 33% taxpayer |
|---|---|---|---|---|---|---|---|
| Guardian Trust | Cash Fund | $1,000 | $0 | 2.95 | 3.03 | 3.17 |