MARAC Investment Products
Features
|
Term
Deposit |
Call
Deposit |
Business Call
Deposit |
Term
PIE |
Call
PIE
|
| Investor type |
| Individual/joint |
Yes |
Yes |
No |
Yes |
Yes |
| Trust |
Yes |
Yes |
Yes |
Yes |
Yes |
| Company/business |
Yes |
Yes |
Yes |
Yes |
Yes |
| Returns |
| Fixed returns |
Yes |
No |
No |
Yes |
No |
| Floating returns |
No |
Yes |
Yes |
No |
Yes |
| Flexibility |
| Instant access to your funds |
No |
Yes |
Yes |
No |
Yes |
| Choice of investment terms |
Yes
1-60 months |
No |
No |
No
12 months |
No |
| Inland Revenue reporting |
| Investor returns declared to IRD |
Yes |
Yes |
Yes |
No
(if PIR correct) |
No
(if PIR correct) |
MARAC Deposits are issued by Heartland Building Society. Heartland Building Society was formed as a result of the merger between MARAC, CBS Canterbury and Southern Cross Building Society.
MARAC Term Deposit
This is our most popular MARAC investment product. It is a fixed interest rate, fixed term investment, which will suit you if you are looking for certainty of regular returns. Interest is paid quarterly or annually and terms range from 30 days to five years. Click here for our current rates.
MARAC Deferred Interest Term Deposit
This is also a fixed interest rate, fixed term investment, but with all returns deferred to maturity (rather than paid regularly as with the MARAC Term Deposit product). So if you know your income (and therefore your tax rate) will drop in the future, you can arrange to have your investment mature at that time. Terms range from 30 days to five years, and interest is paid on maturity. Click here for our current rates.
MARAC Call Deposit
This account is a floating interest rate investment. It's ideal if you want to save and earn interest but also want your money to be available when you need it. Interest is paid monthly. Click here for our current rates.
MARAC Business Call Deposit
For businesses that have working capital available to invest at various stages of their business cycle, this account offers competitive interest rates while keeping funds available at call. Interest is paid monthly. Click here for our current rates.
MARAC Rapid Saver
This is a savings account that you set up with an initial investment and then make regular contributions for the term of the account. It pays competitive rates and interest is compounded monthly, so you can achieve your financial goals rapidly. Click here for our current rates.
MARAC Term PIE
The MARAC Term PIE is a fixed rate, 12 month term investment that gives you the option of having your income either direct credited or compounded quarterly. This product is ideal for investors currently paying 33% resident withholding tax (RWT) as it increases your net investment returns due to the capped 28% PIE tax rate. Click here for our current rates.
MARAC Call PIE
The MARAC Call PIE is a floating rate investment that gives you easy access to your capital while earning a competitive return. Income is earned daily and compounded monthly. This product is ideal for investors currently paying 33% resident withholding tax (RWT) as it increases your net investment returns due to the capped 28% PIE tax rate. Click here for our current rates.
MARAC Deposits are issued by Heartland Building Society. Heartland Building Society was formed as a result of the merger between MARAC, CBS Canterbury and Southern Cross Building Society. Heartland Building Society has a BBB- (Outlook Stable) credit rating from Standard & Poor's. Standard & Poor's credit ratings are statements of opinion, not statments of fact or recommendation to buy, hold or sell any securities. Ratings may be changed, withdrawn or suspended by Standard & Poor's at any time. See Heartland Building Society's Investment Statement or click here or more details about our credit rating. For details of the offer refer to our current Investment Statement which can be obtained from our Investment Team on 0800 26 27 22 or by clicking here.
MARAC Finance Limited is the manager of the MARAC PIE Fund. For details of the MARAC PIE offer refer to the current MARAC PIE Fund Investment Statement. Call 0800 26 27 22 or click here to obtain a copy. The MARAC PIE Fund does not have a credit rating.