Grow your savings
Welcome is New Zealand owned and based.
Terms and Conditions Apply.
You choose a fixed interest rate for a fixed period of time, from 6 months to 5 years for minimum deposits of $10,000.
Like a term deposit, but with special tax advantages. If you're an investor taxed at 30% or more, you may benefit from better after-tax returns.
Rates are pre-tax and subject to change. T&Cs Apply.
Units in the Welcome Term PIE Fund are distributed by Welcome Limited and are issued by Welcome Funds Management Limited. Our product disclosure statements are available from our website.
*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 Term Deposits and our Term 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 | 4.00% p.a. | 4.05% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 9 Months | 4.20% p.a. | 4.25% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 12 Months | 4.40% p.a. | 4.50% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 18 Months | 4.65% p.a. | 4.75% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 2 Years | 4.80% p.a. | 4.90% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 3 Years | 4.85% p.a. | 4.95% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 4 Years | 5.00% p.a. | 5.10% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 5 Years | 5.25% p.a. | 5.35% p.a. |
Monthly, Quarterly or Compounding Quarterly |
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 Term Deposits and our Term 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.
Welcome Limited is the issuer of our secured deposits. Our Term Deposit and Term PIE Fund product disclosure statements are available in the documents section of this website.
| Term | Rate | $150K+ Rate | |
|---|---|---|---|
| 6 Months | 4.00% p.a. | 4.05% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 9 Months | 4.20% p.a. | 4.25% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 12 Months | 4.40% p.a. | 4.50% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 18 Months | 4.65% p.a. | 4.75% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 2 Years | 4.80% p.a. | 4.90% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 3 Years | 4.85% p.a. | 4.95% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 4 Years | 5.00% p.a. | 5.10% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 5 Years | 5.25% p.a. | 5.35% p.a. | Monthly, Quarterly or Compounding Quarterly |
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 Term Deposits and our Term 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.
Welcome Limited is the issuer of our secured deposits. Our Term Deposit and Term PIE Fund product disclosure statements are available in the documents section of this website.
| Term | Rate | $150K+ Rate | Tax Effective Rate at 39% | Payout Option |
|---|---|---|---|---|
| 6 Months | 4.00% p.a. | 4.05% p.a. | 4.78% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 9 Months | 4.20% p.a. | 4.25% p.a. | 5.02% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 12 Months | 4.40% p.a. | 4.50% p.a. | 5.31% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 18 Months | 4.65% p.a. | 4.75% p.a. | 5.61% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 2 Years | 4.80% p.a. | 4.90% p.a. | 5.78% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 3 Years | 4.85% p.a. | 4.95% p.a. | 5.84% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 4 Years | 5.00% p.a. | 5.10% p.a. | 6.02% p.a. |
Monthly, Quarterly or Compounding Quarterly |
| 5 Years | 5.25% p.a. | 5.35% p.a. | 6.31% p.a. |
Monthly, Quarterly or Compounding Quarterly |
*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 Term Deposits and our Term 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.
Units in the Welcome Term PIE Fund are distributed by Welcome Limited and are issued by Welcome Funds Management Limited. Our product disclosure statements are available in the documents section of this website.
| Term | Rate | $150K+ Rate | Tax Effective Rate at 39% | |
|---|---|---|---|---|
| 6 Months | 4.00% p.a. | 4.05% p.a. | 4.78% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 9 Months | 4.20% p.a. | 4.25% p.a. | 5.02% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 12 Months | 4.40% p.a. | 4.50% p.a. | 5.31% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 18 Months | 4.65% p.a. | 4.75% p.a. | 5.61% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 2 Years | 4.80% p.a. | 4.90% p.a. | 5.78% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 3 Years | 4.85% p.a. | 4.95% p.a. | 5.84% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 4 Years | 5.00% p.a. | 5.10% p.a. | 6.02% p.a. | Monthly, Quarterly or Compounding Quarterly |
| 5 Years | 5.25% p.a. | 5.35% p.a. | 6.31% p.a. | Monthly, Quarterly or Compounding Quarterly |
*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 Term Deposits and our Term 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.
Units in the Welcome Term PIE Fund are distributed by Welcome Limited and are issued by Welcome Funds Management Limited. Our product disclosure statements are available in the documents section of this website.
Welcome is a licensed deposit taker and part of the DCS* protecting up to $100,000 per eligible depositor.
Competitive term deposit and term PIE fund rates designed to help you get more from your savings.
We're New Zealand owned and based
Our digital platform is easy to use and steps you through opening an account.
You’re now ready to go
Easily transfer funds into your Welcome Wallet and start investing.
Login to:
Joining Welcome is easy and quick! Simply complete the online form on our website. You will then be provided with a link to complete biometric identification using your driver licence or passport.
Once you’ve completed the digital onboarding, you will be guided through setting up your account, including how to deposit funds via your login. You’re then ready to select your term deposit.
$10,000 for Welcome Term Deposits; $10,000 for the Welcome Term PIE Fund.
Welcome is all about choice. For longer term investments, you can choose whether you want to have your interest or distributions (for the Welcome Term PIE Fund) paid monthly or quarterly to your Welcome wallet on the anniversary of your investment or compounded quarterly for growth. Shorter term investments pay returns to your Welcome Wallet on maturity. Not all options are available at all times.
Your Welcome Wallet is used to receive, hold and transfer money relating to your Welcome investments, and is accessible by logging in.
When you transfer funds to Welcome, those funds are credited to your Welcome Wallet. You then use the money in your Welcome Wallet to purchase/invest in Welcome Term Deposits and the Welcome Term PIE Fund.
Interest on your term deposits is paid into your Welcome Wallet, accessible by logging in. You can then transfer it back to your nominated bank account or leave it in your Welcome Wallet to make an additional investment (subject to the minimum investment).
Principal repayments on maturity are made to your Welcome Wallet. For term deposits, if you do not tell us whether you want your investment repaid or reinvested at maturity, it will be repaid into your Welcome Wallet.
Amounts held in your Welcome Wallet are held by Adminis NZ Limited (Adminis), Welcome’s registrar. These are held on your behalf, independently of Welcome, in a trust account with a registered bank. Welcome and Adminis are currently working on an option to enable automatic transfers of interest from your Welcome Wallet to your nominated bank account.
Amounts held in your Welcome Wallet do not earn interest.
Fees are not charged on your Welcome Wallet.
To ensure the security of your log in details and help protect your information, we have multi-factor authentication (MFA) enabled.
Please read the information sheet here and follow the instructions to set this up.
What is MFA?
Multi-factor authentication (MFA) is a security method that requires two forms of authentication when logging in to a secure website.
When you log in, you will enter your password, and then you will need to enter a secure code. This extra step helps confirm it is really you logging in.
Your account cannot be accessed without the second verification code.
Welcome is a licensed deposit taker, and the Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 in the event of failure, when your money is held in DCS-protected accounts. All Welcome Term Deposits and our Welcome Term 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 deposit, 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 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 are a registered investor, you can add funds to your Welcome Wallet and purchase additional deposits via your log in.
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 competitive returns. Should you encounter hardship and need to break your term deposit, you may be subject to a reduced interest rate.
Welcome only invests in property loans secured by residential, commercial or rural land and/or buildings in New Zealand. Welcome does not offer small business loans, personal loans, vehicle finance, or any type of unsecured lending.
Welcome is a proud Kiwi-owned Non-bank Deposit Taker (NBDT) offering competitive term deposits, a Term PIE Fund, 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.
Welcome supports the recent announcement from the RBNZ, advising that all licenced deposit takers (such as Welcome), will be able to call themselves banks, and have the option of rebranding themselves as banks when the Deposit Takers Act comes into full effect on 1 December 2028.
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 existing Non-bank Deposit Takers Act 2013 and the 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.
As an NBDT, Welcome is regulated by the Reserve Bank. Welcome also holds a Financial Institutions Licence, issued by the Financial Markets Authority.
Welcome Funds Management Limited is the Manager and Issuer of the Welcome Term PIE Fund and only invests in deposits held with Welcome. Welcome Funds Management Limited is a sister company of Welcome Limited. Welcome Funds Management Limited holds a Managed Investment Scheme Licence and is regulated by the Financial Markets Authority (FMA).
The Welcome Term PIE Fund is available to most investors. If you’re familiar with term deposits, this option is designed to feel similar but can offer favourable tax treatment.
A PIE, or Portfolio Investment Entity is a common investment structure in New Zealand that benefits from special tax rules designed to make investing more tax efficient. The Welcome Term PIE Fund provides tax benefits for many investors, with the tax rate on returns being capped at 28%.
