MARAC's Investment Products
Features
|
Term Deposit |
At Call Deposit Account |
Business Call Account |
Term Deposit PIE |
Call PIE |
Tax-Paid Retirement Bonds |
| Investor type |
| Individual/joint |
Yes |
Yes |
No |
Yes |
Yes |
Yes |
| Trust |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
| Company/business |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
| Security |
| First ranking* |
Yes |
Yes |
Yes |
N/A |
N/A |
Yes |
| Fixed returns |
Yes |
No |
No |
Yes |
No |
Yes |
| Floating returns |
No |
Yes |
Yes |
No |
Yes |
No |
| Flexibility |
| Instant access to your funds |
No |
Yes |
Yes |
No |
Yes |
No |
| Choice of investment terms |
Yes
1-60 months |
No |
No |
No
12 months |
No |
Yes
1-60 months |
| Inland Revenue reporting |
| Investor returns declared to IRD |
Yes |
Yes |
Yes |
No
(if PIR correct) |
No
(if PIR correct) |
No |
* Subject to prior permitted charges (currently none)and claims given priority by legislation.
MARAC Term Deposit
This is our most popular 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 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 At Call Deposit Account
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 Account
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 Deposit PIE
This 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% or 39% resident withholding tax (RWT) as it increases your net investment returns due to the capped 30% PIE tax rate. Click here for more information. 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% or 39% resident withholding tax (RWT) as it increases your net investment returns due to the capped 30% PIE tax rate. Click here for more information. Click here for our current rates.
MARAC Tax-Paid Retirement Bonds
If you want to save for retirement, our superannuation-based, tax-paid bonds offer fixed returns and flexible terms (30 days to five years). The Fund pays the tax, so you do not include the earnings in your tax return, and there are no fees. Interest is compounded quarterly and paid on maturity. Click here for our current rates.
MARAC reserves the right to alter the interest rates at any time. Minimum investment $1,000. Click here to request an Investment Statement or call 0800 26 27 22 for more information.