TSB Bank - Cash Pie

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Term Investments | Cash PIE Fund | On Line, On Call

More interest, less tax. Expect to be better off.

Effective rate of 5.50 % p.a. For 38% tax payers

$It's the easy way to ensure you earn\n competitive interest on your savings,\n and see more of it - because with a\n TSB Bank Cash PIE Fund you won't\n pay more than 30% tax to the IRD.\n Whatever your tax bracket.$

Let’s say you pay income tax at 38% and have $150,000 invested in a regular On Call account that’s earning 4.81% per annum. In this scenario you’ll receive an annual return of $4,524 after tax.
With the tax benefits of a TSB Bank PIE Cash Fund* earning the same 4.81% per annum, you'll receive an after tax $5,114 per annum.

This equates to 5.50% per annum return if you had to pay the 38% tax rate – giving you an extra $590 to enjoy.

View the Investment Statement and terms and conditions for the Cash PIE Fund.

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With a TSB Bank PIE Cash Fund you could be up to 15% better off.

* Assumes invested for a full year, receiving quarterly interest, you have a Prescribed Investor Rate of 30% and no withdrawals are made.