A REFRESHING CHANGE
Terms and Conditions Apply.
Rates are pre-tax and subject to change. T&Cs Apply. The Wholesale PIE Fund is available to wholesale investors only.
*The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts, like Welcome secured deposits and our Wholesale PIE Fund. The DCS is a Government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For details go to: rbnz.govt.nz/dcs.
| Term | Rate | $150K+ Rate | Interest Frequency |
|---|---|---|---|
| 6 Months | 3.75 % p.a. | 3.80 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 9 Months | 4.00 % p.a. | 4.05 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 12 Months | 4.10 % p.a. | 4.15 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 18 Months | 4.15 % p.a. | 4.20 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 2 Years | 4.20 % p.a. | 4.25 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 3 Years | 4.25 % p.a. | 4.30 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 4 Years | 4.30 % p.a. | 4.35 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 5 Years | 4.35 % p.a. | 4.40 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
Rates are pre-tax and subject to change. T&Cs apply.
*The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts, like Welcome secured deposits and our Wholesale PIE Fund. The DCS is a Government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For details go to: rbnz.govt.nz/dcs.
| Term | Rate | $150K+ Rate | |
|---|---|---|---|
| 6 m | 3.75 % p.a. | 3.80 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 9 m | 4.00 % p.a. | 4.05 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 12 m | 4.10 % p.a. | 4.15 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 18 m | 4.15 % p.a. | 4.20 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 2 y | 4.20 % p.a. | 4.25 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 3 y | 4.25 % p.a. | 4.30 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 4 y | 4.30 % p.a. | 4.35 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 5 y | 4.35 % p.a. | 4.40 % p.a. | Monthly, Quarterly or Quarterly Compounding |
Rates are pre-tax and subject to change. T&Cs apply.
*The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts, like Welcome secured deposits and our Wholesale PIE Fund. The DCS is a Government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For details go to: rbnz.govt.nz/dcs.
| Term | Rate | $150K+ Rate | Payout Option |
|---|---|---|---|
| 12 Months | 4.10 % p.a. | 4.15 % p.a. |
Quarterly Compounding |
| 18 Months | 4.15 % p.a. | 4.20 % p.a. |
Quarterly Compounding |
| 2 Years | 4.20 % p.a. | 4.25 % p.a. |
Quarterly Compounding |
The Wholesale PIE Fund is available to wholesale investors only.
*The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts, like Welcome secured deposits and our Wholesale PIE Fund. The DCS is a Government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For details go to: rbnz.govt.nz/dcs.
| Term | Rate | $150K+ Rate | |
|---|---|---|---|
| 12 m | 4.10 % p.a. | 4.15 % p.a. | Quarterly Compounding |
| 18 m | 4.15 % p.a. | 4.20 % p.a. | Quarterly Compounding |
| 2 y | 4.20 % p.a. | 4.25 % p.a. | Quarterly Compounding |
The Wholesale PIE Fund is available to wholesale investors only.
*The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts, like Welcome secured deposits and our Wholesale PIE Fund. The DCS is a Government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For details go to: rbnz.govt.nz/dcs.
You’ll find everything you need to know on our website.
Our easy to use digital platform will step you through the application process.
Get in touch if you have any questions. We’re here when you need us.
The online portal has been set up with you in mind.
Interest rates that outperform traditional savings accounts and bank deposits, every day.
Like a bank deposit, your investment is held in DCS-protected accounts*. Fixed returns with no quarterly surprises. No management fees or hidden costs.
For wholesale investors with 30% or higher tax rate, our PIE Fund could deliver a better after-tax return than a term deposit.
Joining Welcome is easy and quick! Simply sign up on our website and complete the online application. You will then be provided with a link to complete biometric identification using your driver licence or passport for supporting documents.
Once you’ve completed the digital onboarding, we’ll guide you through funding your investment. Your funds will be credited to your Wallet, ready for you to select your secured term deposit. You can even split your funds across multiple options.
$10,000 for Secured Deposits; $100,000 for Wholesale Term PIE.
Welcome is all about choice. For longer term investments, you can choose whether you want to have your interest paid monthly or quarterly to your Wallet on the anniversary of your investment or compounded quarterly for growth. Shorter term investments pay returns to your Wallet on maturity.
Welcome is a licensed deposit taker, so the Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if Welcome fails, when your money is held with us in DCS-protected accounts. All Welcome secured deposits and our Wholesale PIE Fund are DCS-protected accounts.
The DCS is a Government scheme funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For more information, see: Depositor Compensation Scheme (DCS) – Reserve Bank of New Zealand – Te Pūtea Matua.
Your funds are held in a fixed-term investment, meaning you’ll need to wait for the term to mature before accessing them. We rely on committed term deposits to manage liquidity and fund our lending activities. As a result, term deposits can only be withdrawn before maturity in exceptional circumstances, and even then, only at our discretion. We will normally only consider an early withdrawal request where continued investment may lead to significant hardship due to unforeseen circumstances.
Yes – once you’re a registered investor, you can add funds to your Wallet and purchase secured deposits via the client portal.
Your return is fixed so market changes won’t affect your earnings. You’ll know exactly what rate of interest you’ll receive right from the start.
There are no fees or costs for our investors, just great returns. Should you encounter hardship and need to break your term deposit, you may be subject to a reduced interest rate on your investment.
Welcome only invests in first mortgage loans secured by residential, commercial or rural land and/or buildings in New Zealand. Welcome does not offer SME, personal loans, vehicle finance, or any type of unsecured lending. The term of our loans is typically 6 to 24 months.
Welcome is a proud Kiwi-owned non-bank deposit taker (NBDT) offering competitive secured term deposits and flexible mortgage solutions. We’re thrilled to be the first NBDT licensed by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) in nearly a decade.
An NBDT is a business that accepts retail deposits and provides financial services, like lending. All retail deposit takers (including banks and NBDTs) must be licensed by the RBNZ.
NBDTs must comply with prudential standards issued by the RBNZ, which include:
NBDTs are subject to the deposit takers regulatory regime under the Non-bank Deposit Takers Act 2013 and the incoming Deposit Takers Act 2023, including the Depositor Compensation Scheme (DCS), which protects up to NZ$100,000 per eligible depositor, if the deposit taker fails.
NBDTs also need a conduct licence issued by the Financial Markets Authority, which Welcome has.
Welcome Funds Management Limited is the Manager and Issuer of the Welcome Term PIE Fund and only invests in secured deposits with Welcome. Welcome Funds Management Limited is a sister company of Welcome Limited.
This fund is for wholesale investors only. Investors must qualify as wholesale investors as that term is defined in clauses 3(2) or 3(3)(a) of Schedule 1 of the Financial Markets Conduct Act (“FMCA”). The fund is not suitable for retail investors.
The Wholesale PIE Fund provides tax benefits for many investors, with the tax rate on returns being capped at 28%.
| Term | Rate | $150K+ Rate | Interest Frequency |
|---|---|---|---|
| 6 Months | 3.75 % p.a. | 3.80 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 9 Months | 4.00 % p.a. | 4.05 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 12 Months | 4.10 % p.a. | 4.15 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 18 Months | 4.15 % p.a. | 4.20 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 2 Years | 4.20 % p.a. | 4.25 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 3 Years | 4.25 % p.a. | 4.30 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 4 Years | 4.30 % p.a. | 4.35 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
| 5 Years | 4.35 % p.a. | 4.40 % p.a. |
Monthly, Quarterly or Quarterly Compounding |
Rates are pre-tax and subject to change. T&Cs apply.
*The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts, like Welcome secured deposits and our Wholesale PIE Fund. The DCS is a Government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For details go to: rbnz.govt.nz/dcs.
| Term | Rate | $150K+ Rate | |
|---|---|---|---|
| 6 m | 3.75 % p.a. | 3.80 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 9 m | 4.00 % p.a. | 4.05 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 12 m | 4.10 % p.a. | 4.15 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 18 m | 4.15 % p.a. | 4.20 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 2 y | 4.20 % p.a. | 4.25 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 3 y | 4.25 % p.a. | 4.30 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 4 y | 4.30 % p.a. | 4.35 % p.a. | Monthly, Quarterly or Quarterly Compounding |
| 5 y | 4.35 % p.a. | 4.40 % p.a. | Monthly, Quarterly or Quarterly Compounding |
Rates are pre-tax and subject to change. T&Cs apply.
*The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts, like Welcome secured deposits and our Wholesale PIE Fund. The DCS is a Government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For details go to: rbnz.govt.nz/dcs.
| Term | Rate | $150K+ Rate | Payout Option |
|---|---|---|---|
| 12 Months | 4.10 % p.a. | 4.15 % p.a. |
Quarterly Compounding |
| 18 Months | 4.15 % p.a. | 4.20 % p.a. |
Quarterly Compounding |
| 2 Years | 4.20 % p.a. | 4.25 % p.a. |
Quarterly Compounding |
The Wholesale PIE Fund is available to wholesale investors only.
*The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts, like Welcome secured deposits and our Wholesale PIE Fund. The DCS is a Government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For details go to: rbnz.govt.nz/dcs.
| Term | Rate | $150K+ Rate | |
|---|---|---|---|
| 12 m | 4.10 % p.a. | 4.15 % p.a. | Quarterly Compounding |
| 18 m | 4.15 % p.a. | 4.20 % p.a. | Quarterly Compounding |
| 2 y | 4.20 % p.a. | 4.25 % p.a. | Quarterly Compounding |
The Wholesale PIE Fund is available to wholesale investors only.
*The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts, like Welcome secured deposits and our Wholesale PIE Fund. The DCS is a Government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ). For details go to: rbnz.govt.nz/dcs.
