New interest-bearing term Portfolio Investment Entity (PIE) deposit interest rates (B27)

This data tracks the interest rates offered on deposits by Portfolio Investment Entities (PIEs) in New Zealand.

Released

07 October 2021 03:00 p.m.

Next release

05 November 2021 03:00 p.m.

Source

Reserve Bank of New Zealand

Periodicity

Monthly

Data files

New interest bearing term PIE deposits interest rates – B27 (XLSX 15.4 KB)

	Previous years:		Monthly:
	Sep 2019	Sep 2020	May 2021	Jun 2021	Jul 2021	Aug 2021	Sep 2021
Term PIE
1 month¹	0.45	0.15	0.15	0.15	0.15	0.19	0.19
3 month¹	2.09	0.43	0.35	0.35	0.35	0.40	0.45
6 month¹	2.79	1.23	0.83	0.86	0.98	0.99	1.04
9 month¹	2.75	1.22	0.94	0.94	0.98	1.16	1.20
1 year¹	2.75	1.22	1.01	1.16	1.22	1.28	1.34
18 month¹	2.70	1.23	1.05	1.17	1.22	1.31	1.38
2 year¹	2.72	1.23	1.13	1.25	1.37	1.47	1.52
3 year¹	2.73	1.31	1.26	1.38	1.57	1.68	1.79
4 year¹	2.74	1.26	1.43	1.58	1.75	1.85	1.98
5 year¹	2.76	1.27	1.58	1.77	1.90	2.00	2.12

The interest rates recorded here are the simple averages for PIE (Portfolio Investment Entity) accounts. These accounts are a type of investment similar to a call deposit that has tax advantages for depositors. Cash PIE are on-call – money can be withdrawn at any time. Term PIE are fixed term investments.

The data: coverage, periodicity, and timeliness

Coverage characteristics

Average interest rate for new customer term PIE (Portfolio Investment Entity) deposits, advertised at the end of month by all registered banks with available offerings.

Periodicity

Monthly.

Timeliness

Published five working days after the end of the reference period.

Access by the public

Data Release

Data is released on the Reserve Bank’s Statistics section.

Statistics release calendar

The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the first working day of the month.

View the Statistics Release Calendar

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

Data is collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).

Read the Reserve Bank of New Zealand Act 1989.

The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.

Provision of information about revisions and advance notice of major changes in methodology

Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website as a special note.

Any major changes in methodology are posted on the website as a special note.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

A copy of the survey template and definitions is available.

Dissemination of statistics that support statistical cross-check and provide assurance of reasonableness

The Reserve Bank publishes data on the weighted new customer six month term deposit rate in the Retail interest rates on lending and deposits (B3) and data on simple averages for term deposit accounts in New interest bearing term deposits interest rates (B26).

Interest.co.nz publishes term deposit interest rates for a range of terms.

New customer term PIE deposit average interest rates

The interest rates recorded here are the simple averages of new customer PIE (Portfolio Investment Entity) accounts advertised by all registered banks with available offerings. These accounts are a type of investment similar to a call deposit that has tax advantages for depositors. Cash PIE are on-call – money can be withdrawn at any time. Term PIE are fixed term investments.

Symbols and conventions for summary table

0	Zero or value rounded to zero
-	Not applicable
..	Not available
bold	Revised/new
italics	Provisional
light red background	Historical

General notes

Individual figures may not sum to the totals due to rounding
Percentage changes are calculated on unrounded numbers
You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.