MARAC's 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 |
| Security |
| First ranking* |
Yes |
Yes |
Yes |
N/A |
N/A |
| 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) |
*Security for your investment
All MARAC Deposit investments (but not PIE investments) are secured by first ranking secured debenture stock, subject to permitted prior charges (currently none) and claims given priority by law.
MARAC has a guarantee under a Crown retail deposit guarantee scheme, being a guarantee that expires on 31 December 2011.
MARAC offers you the choice of investing with or without the benefit of the Crown guarantee.
MARAC Non-Guaranteed Deposits offered by MARAC are not covered by the guarantee given under the Crown retail deposit guarantee scheme. MARAC Non-Guaranteed Deposits are “excluded securities” for the purposes of the Crown guarantee.
MARAC Guaranteed Deposits are covered by the Crown retail deposit guarantee, until the guarantee expires on 31 December 2011, subject to the terms and conditions of the guarantee.
Further information about the Crown retail deposit guarantee scheme and the most recent audited statement of financial position of the Crown are available on Treasury’s website at www.treasury.govt.nz.
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 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
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 38% 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 38% 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 reserves the right to alter the interest rates at any time. Minimum investment $1,000. MARAC has a credit rating of BB+ (Outlook Negative) from Standard & Poor’s (S&P). S&P’s credit ratings are statements of opinion, not statements of fact or recommendations to buy, hold or sell any securities. Ratings may be changed, withdrawn or suspended at any time. For latest rating information please visit www.standardandpoors.com. Further information about MARAC’s credit rating can be found in MARAC’s Investment Statement or by clicking here.
For details of the offer of Deposits refer to MARAC’s current Investment Statement. Call 0800 26 27 22 or click where indicated above to obtain a copy.
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.