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How to set up a term investment using FastNet Classic internet banking

Setting up an ASB term investment with funds from an existing ASB account is simple and easy using FastNet Classic internet banking. Watch the how to video below or download and print the guide to learn how to set up a new term investment with FastNet Classic internet banking.

How to video

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For detailed step-by-step instructions, download and print the guide.

  1. Go to Investments and select Term Deposit & Term Fund.

  2. Select View to see the current rates and terms.

  3. Choose the account you want to open your investment under.
    Tip: If you’re not sure what a particular field is, hover over the blue tool tip for information.

  4. Choose whether you would like to open a Term Deposit or Term Fund account.

  5. Select whether you’re an NZ Tax resident or not.

  6. Update your tax details if needed and select Continue.

  7. Enter the amount you want to invest.

  8. Select which account you want to take the funds from.

  9. Select Show my Options to view current rates and terms and select the term you want.
    Tip: You can specify a custom term by selecting Or choose your own term.

  10. Choose how interest will be paid then select Continue.

  11. You can personalise the name of the investment.

  12. Choose what you would like to do at maturity of your investment and select Continue.

  13. Check that the details of your investment are correct and select Open Term Deposit/Term Fund.

  14. You have successfully opened a term investment.