Product/Choosing Products Questions

InvestNow Term Deposit Distribution Fee InvestNow earns a distribution fee of 0.10% for the Term Deposit (TD) service.  This fee does not result in any additional fees for you, or reduction in the interest rate you receive, for the Term Deposit(s) you invest in. The rate you receive for the TD you invest in is…

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.

We make the most recent rates available for purchase at 12:00 pm each business day.

We send all term deposit requests to the appropriate bank at 12:00 pm each business day. Once we have received confirmation that the bank has created your term deposit, your Pending Instructions page (Buy & Sell > Pending Instructions) will no longer display that order, and the term deposit will appear on your Holdings page.…

InvestNow currently offers term deposits with the following terms: 1 month 3 months 6 months 9 months 12 months 18 months 2 years 3 years 4 years 5 years Please note that not all terms are available for all banks.

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 is $10,000. The minimum investment amount for the Bank of China is $25,000 and needs to be input…

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…

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…

To see which funds pay distributions, and how often (frequency), please visit our Range of Funds page (the “Distribution Frequency” column).  You can then read the Product Disclosure Document (PDS) for the fund, which will provide more information about any distribution. Please note that if you have selected to receive any distributions in Cash, they…

When are my buy and sells completed? The cut-off time for the receipt of buy or sell orders and cleared funds for all Funds is currently 12pm NZ time (Monday to Friday, excluding national public holidays). If buy or sell orders are accepted before the cut-off time for a Fund on a valuation day, units…

You can access fund performance data here, on our public website, or within the secure portal once logged in. Within the secure portal you can access historical performance charts, for funds you hold and all other funds available on InvestNow (see the Buy & Sell page).  Plus you can see performance data in the Holdings page for…

Prior to investing in any Fund you should read the disclosure material and research the Fund to ensure that it meets your specific investment needs. It is good practice to get independent advice from an Authorised Financial Adviser (AFA) before making any investment. Note that the team at InvestNow Saving and Investment Service are unable…