How do I buy a term deposit?

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 that the minimum amount for a term deposit purchase is $2,000.

To buy a term deposit, please follow these steps:

  • Go to the Invest page
  • Identify the bank and term for the term deposit you wish to buy, then click the rate
  • Enter the dollar amount you wish to invest (you need to have at least this amount of available […]
By |2019-06-14T13:02:11+12:00September 24th, 2018|, |Comments Off on How do I buy a term deposit?

Is term deposit interest compounded?

We do not offer compounding interest payments for individual term deposits. Term deposit interest is paid back to your transaction account.

However, you can choose to automatically roll over a term deposit at maturity, including both the principal and interest in a new term deposit.

By |2019-06-14T13:15:01+12:00September 24th, 2018|, |Comments Off on Is term deposit interest compounded?

What performance data is available for funds?

You can access two forms of performance data for the funds we offer – the performance returns for funds you hold in your InvestNow portfolio, since you have held them, or historical performance data going back up to 10 years, where available.

Performance Data for My Funds

On your PERFORMANCE page we provide a simple bar chart which shows the returns for each asset you currently hold, since inception of your portfolio – you can sort this by the name of the asset or the value of the $ return.  We also […]

By |2019-06-14T13:16:26+12:00May 6th, 2019|, |Comments Off on What performance data is available for funds?

What are the buy or sell spreads?

Buy/Sell spreads

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 […]

By |2019-09-13T09:16:25+12:00March 10th, 2018|, , |Comments Off on What are the buy or sell spreads?

How are Elevation Capital funds buys and sells processed?

Elevation Capital Value 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 you […]

By |2019-06-14T13:22:19+12:00September 22nd, 2017|, |Comments Off on How are Elevation Capital funds buys and sells processed?

How are Smartshares ETFs buy and sell orders processed?

Smartshares are listed securities on the NZX. Orders are placed through our broker, Craigs Investment Partners.

All Smartshares 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 […]

By |2020-05-14T17:12:15+12:00August 15th, 2017|, |Comments Off on How are Smartshares ETFs buy and sell orders processed?