ASB Term Fund
A tax effective alternative to term deposits
- An innovative unit trust which works like a term deposit.
- Taxed at a maximum of 28%*.
- A term to suit your needs, from 30 days to 5 years.
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- Account balances and returns (before tax and any fees) are guaranteed by ASB Bank Limited. The guarantee is unsecured.
- Invests 100% in deposits with ASB.
- A Portfolio Investment Entity (PIE) fund, with certain tax advantages over conventional bank accounts and deposits if you pay 30% or 33% tax.
- Pays tax for you at 10.5%, 17.5% or 28% (your PIR). A 0% PIR is available to some non-individual investors, more information.
- Easy to open an account at an ASB branch or for existing customers by phone or by logging into FastNet Classic**.
- Minimum investment of $5,000.
- Your funds are invested for a fixed term.
* Provided the advised PIR is correct.
** Not currently available for joint account customers.
For more information on ASB Term Fund see the Investment Statement for the ASB Term Fund. The rates of return are before tax and any fees and can change at any time. The ASB Term Fund is issued by ASB Group Investments Ltd. Investments in the ASB Term Fund are not deposits with ASB Bank Ltd.
For investments in ASB term deposits, ASB's Personal Banking Terms and Conditions (including the Investment Statment for Term Deposits) apply.
