Compare call fund interest rates
|Cash Advantage Fund||3.30%||3.44%||3.60%||$250|
|ASB Cash Fund||2.75%||2.83%||2.96%||$500|
|Online Call Fund**||2.40%||2.48%||2.60%||$2,000|
|Online Saver PIE||3.00%||3.12%||3.26%||$500|
Features in detail
Your interest compounds daily
It's not often you get a low risk investment where your interest compounds daily as opposed to monthly. The effect of this is an even higher effective interest rate.
Our daily compounding interest works like this - Interest on money deposited compounds daily on Tuesday, Wednesday, Thursday and Friday. On Monday, three days' interest compounds (for Saturday, Sunday and Monday).
Auto investment - set and forget
One of the best ways to make the most of the Cash Advantage Fund is to set up a 'Regular Investor Plan'. This is a great way to keep your savings goals on track and once it is set up you don't need to worry about it.
Pay tax annually or on sales of units
Another benefit of investing in the CAF is that you pay tax annually. Unlike traditional deposit products where tax is paid monthly when interest is earned.
Tax is automatically deducted from your account at the end of the tax year or during the year when you sell units.
Easy access to the Term Advantage Fund
The Term Advantage Fund is specifically designed to provide a pre-tax return similar to a traditional term deposit of a similar term. Like the CAF it has been structured as a Portfolio Investment Entity (PIE) which means it will provide tax benefits for 30% and 33% tax payers.
Strong online safety with the Digipass
We've chosen to protect you with one of the safest methods of online banking available today. Using the Digipass your money is protected by two-factor authentication.
By using the Digipass your savings and investments, as well as your identity, benefit from leading online security.
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