CASH PIE
Boost your savings with tax-efficient returns
Keep more of what you earn with a Cash PIE that caps your tax at 28%. Enjoy competitive rates, no fees, and on-call access to your money when you need it.
2.35
%
p.a.
What makes Cash PIE different from other call accounts?
When you earn interest from a PIE, the tax you pay is based on your Prescribed Investor Rate (PIR) - a special tax rate just for PIE accounts.
You will pay less tax than with a regular savings or investment account if your Income Tax rate is 30%, 33% or 39%.
Lower tax on earnings
You could pay less tax on the interest you earn, thanks to the maximum PIE tax rate (PIR) of 28%
Keep more of your earnings
Because of the lower tax rate, you can end up with more money in your pocket compared to a standard account
No impact on your tax bracket
PIE income doesn’t get added to your personal income, so it won’t push you into a higher tax bracket
Why choose a Heartland Cash PIE account?
Canstar's Savings Bank of the Year
We are very proud to be awarded Canstar’s Bank of the Year - Savings for the eighth consecutive year! This achievement is awarded to the institution that provides the strongest combination of products, accounting for the price positioning, features, savings tools and flexibility of the products assessed within Canstar’s Savings Account Star Ratings profiles, as well as supporting savers through a competitive Term Deposit offering.
Looking for something else?
Heartland Bank savings accounts are a great way to put aside your money and save for your goals. Here are a few options:
90 DAY NOTICE SAVER
Great interest rate with the flexibility to access your funds with 90 days’ notice.
3.20
%
p.a.
TERM PIE
Competitive rates and flexible investment terms to suit your needs.
12 month term
3.65
%
p.a.
DIRECT CALL
A ‘no strings attached’ savings account with a competitive interest rate.
1.80
%
p.a.
Got questions?
- What does the Heartland Cash and Term PIE Fund invest in?
- The fund invests exclusively in Heartland Bank deposits, ranking equally with all other deposits.
- Are there any fees?
- There are no fees with a Heartland Cash PIE.
- When will my withdrawal be processed?
- Withdrawal requests made through digital banking before 3.00pm on business days will be processed that evening. Withdrawal requests made through digital banking after 3.00pm, or on weekends, will be processed the following business day. Withdrawal requests made by phone call, email or secure message must be received by 3.00pm in order to be processed the following business day.
- Can I manage my Cash PIE online?
-
You can manage your Cash PIE via our self-service platforms (including the Heartland Mobile App and Heartland Digital) including:
- View your balance
- Generate and download statements
- Make withdrawals to your nominated account
You can also make a withdrawal to your nominated account by getting in touch with our investments team by phone call, email or secure message. - What is a PIE?
- A PIE, standing for portfolio investment entity, is an entity which invests the contributions from its investors in different types of passive investment. Heartland’s PIE fund invests exclusively in Heartland Bank deposits, ranking equally with all other deposits.
- What is a PIR?
- A PIR, standing for prescribed investor rate, is the tax rate that your portfolio investment entity (PIE) uses to calculate the tax on the income from the investment of your contributions.
- How do I work out my PIR?
- Your PIR is based on your taxable income, such as salary, wages and any other sources of income you would include in your income tax return. Use the PIR tool on the IRD website to determine yours. For more information, see the PIR page on the IRD website.
Our Savings and Deposits accounts are DCS-protected.
The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 held in DCS-protected accounts. Find out more.Can't find what you're looking for?
We have a great team standing by to answer any of your investment questions.
Contact us