InvestNow currently offers term deposits with the following terms:
Please note that not all terms are available for all banks.
If you have elected to have your term deposit automatically roll over, we will create a new term deposit for you and confirm when this has happened.
Depending on the bank your deposit is with, the new term deposit will either be created on the maturity date or the next business day.
If you have not chosen an automatic rollover option, your principal and interest (net of withholding tax) will be paid to your InvestNow transaction account. Please note that interest is not paid on funds in your transaction account, so you […]
Yes, you can change what happens to your term deposit when it matures. Just go to the ‘Holdings’ page and click ‘Edit’ beside the term deposit you want to modify, then select either ‘Do not reinvest’, ‘Principal only’, or ‘Principal & interest’.
You can change the rollover option up to the day before your term deposit matures.
To buy term deposits you need to have available funds in your InvestNow transaction account. You can deposit money to your InvestNow transaction account from your nominated bank account.
Please note the minimum investment amount for ANZ $10,000. The minimum investment amount for the Bank of China is $25,000 and needs to be input to a whole dollar. For all other banks, the minimum investment amount is $2,000.
To buy a term deposit, please follow these steps:
The identity and documentation requirements for a trust account are more detailed compared to other types of account. The following requirements are specific to trust accounts:
Here are the rules for setting a Password:
Please note: your password can not begin or end with a white space character
When you buy or sell units in a fund, you may be charged a buy or sell spread. The buy spread is added to the unit price when you buy units, and the sell spread is deducted from the unit price when you sell units. For example: if you invest $10,000 into a fund with a 0.10% buy spread, the buy spread would be added to the price, bringing the starting value of your investment to $9,990.
Buy or sell spreads are intended to cover […]
If you have more than one InvestNow account we can link them so that you can access them all from a single e-mail address/login.
Please take a look at this page, to see how it works and what you need to do if you would like to use this functionality.
Elevation Capital Global Shares Fund is priced once a month, on the last business day of the month – the “Valuation Day”.
If you buy or sell units in the fund on a day, before the Valuation Day of the current month, your order will be processed within 10 days of the Valuation Day in the month following.
For Buy orders, your cash will be sent to the application account for this fund and will remain there until the Valuation Day of the same month. This cash will not be available to […]
Smart are listed securities on the NZX. Orders are placed through our broker, Craigs Investment Partners.
All Smart orders are aggregated by the Custodian at 12pm each business day and sent to our broker. Orders are executed on the market later that afternoon. Any orders loaded after this time will be processed the following business day.
Buy and sell requests are not matched – each is placed independently.
Minimum investment amount is $50, when part of a Regular Investment Plan, or $250 for one-off investments.
Buy […]