ASB Cash Fund

• Account balances and returns are guaranteed by ASB Bank Limited.  The guarantee is unsecured.
• Invests 100% in a bank deposit with ASB which is guaranteed by the Crown under the New Zealand deposit guarantee scheme*.
• Offers a high rate of return.
• A Portfolio Investment Entity (PIE) fund, with certain tax advantages over conventional bank accounts and deposits if you pay 33% or 38% tax.
• Pays tax for you at 12.5%, 21% or 30% (your PIR). A 0% PIR is available to some non-individual investors, more information.
• Easy access to funds and balances.
• No base or transaction fees (service fees may apply).
• Easy to open at an ASB branch or by logging in to FastNet Classic**.
• Minimum $500 opening deposit and account balance.

* Further information about the Crown guarantee is available, free of charge, at
   www.treasury.govt.nz
** Not currently available for joint account customers.

• 1 unit = $1  -  the price never changes.
• Your dollars buy units which are held in your account.
• Returns are calculated on your daily account balance and distributed monthly.
• Returns are distributed by crediting new units each month.
• Tax is paid by deducting units equal to the amount of PIE tax.
• At any time of the day or night, you can see an electronic statement of your ASB Cash Fund account on Fastnet Classic.
• You will receive a PIE tax certificate at the end of the tax year.
• Your tax savings could boost your investment returns.
• Money can be deposited into ASB Cash Fund using automatic payments and direct credit.
• You can transfer money out of ASB Cash Fund to one self-selected bill payee (ASB or non-ASB NZ account).