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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 | $2,000 | Q | $0 | 3.00 | 3.11 | 3.25 |
| 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 |
| HSBC | Cash fund | $10,000 | D | $0 | 2.20 | 2.28 | 2.38 |
 | 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 | |
| National Bank | Call Fund | $1 | Q | $0 | 3.00 | 3.11 | 3.25 |
 | Cash Advantage Fund | $250 | D | $0 | 3.40 | 3.54 | 3.70 |
 | Lifestages Call Fund | $5,000 | Q | $0 | 3.20 | 3.32 | 3.47 |
| TSB | Cash Fund | $5,000 | Q | $0 | 3.75 | 3.90 | 4.08 |
| Westpac | Cash Plus Trust | $5,000 | M | $0 | 3.00 | 3.12 | 3.26 |
Building Societies
| 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 |
|---|---|---|---|---|---|---|---|
| Heartland Building Society | Call PIE | $1,000 | M | $0 | 4.50 | 4.72 | 4.93 |
| MARAC | Call PIE | $1,000 | M | $0 | 4.50 | 4.72 | 4.93 |
| Nelson | Lifestages | $10,000 | A | $0 | 3.75 | 3.90 | 4.08 |
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 | 2.80 | 2.91 | 3.04 |
| 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 |
|---|---|---|---|---|---|---|---|
| MARAC. | Call PIE | $1,000 | M | $0 | 4.50 | 4.72 | 4.93 |
| Medical Securities | Call Fund | $500 | M | $0 | 3.60 | 3.75 | 3.92 |
| 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 | 2.50 | 2.26 | 2.36 |