Westpac Term PIE Fund rates

Current rates of return for the Westpac Term PIE Fund (Term PIE Fund) as at 3 September 2010. (Rates of return are before tax and are subject to change without notice).   Investment statement
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Term PIE Fund rates of return
> special Term PIE Fund rates of return
> standard Term PIE Fund rates of return
> Term PIE Fund monthly income option
> Term PIE Fund compounding return option

Special Term PIE Fund rates of return (minimum investment $10,000)
			Up to 30 September 2010 Effective return based on: +		From 1 October 2010 Effective return based on: +
Term	Rates of return	Interest payable	33% tax rate	38% tax rate	30% tax rate	33% tax rate
90 days*	4.65% p.a.	Maturity only	4.86% p.a.	5.25% p.a.	4.78% p.a.	5.00% p.a.
180 days**	5.10% p.a.	Maturity only	5.33% p.a.	5.76% p.a.	5.25% p.a.	5.48% p.a.
270 days***	5.30% p.a.	Maturity only	5.54% p.a.	5.98% p.a.	5.45% p.a.	5.70% p.a.
1 year"	5.45% p.a.	Maturity/Quaterly/Six-Monthly/Compounding	5.69% p.a.	6.15% p.a.	5.61% p.a.	5.86% p.a.
* Exact term 90 days to 119 days ** Exact term 180 days to 239 days *** Exact term 270 days to 364 days " Term 12 mths to < 18 mths
+ The effective return is expressed on the basis of the investor’s marginal tax rate and the applicable PIE tax rate up to and including 30 September 2010 and then, following the reduction of tax rates on 1 October 2010, on the basis of the investor’s reduced tax rates. The effective return rate following 1 October 2010 will not apply to the whole term, only to any return paid for a period after that date. Where returns are paid both before and after 1 October 2010, the actual effective rate for the whole term of the investment will be a combination of the pre- and post- 1 October 2010 effective rates.
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Standard Term PIE Fund rates of return
Term	$5,000-$9,999	$10,000-$49,999	$50,000-$99,999	$100,000-$249,999
30 - 59 days	2.00% p.a.	3.00% p.a.	3.00% p.a.	3.00% p.a.
60 - 89 days	3.00% p.a.	3.00% p.a.	3.00% p.a.	3.00% p.a.
90 - 119 days	3.25% p.a.	4.65% p.a.*	4.65% p.a.*	4.65% p.a.*
120 - 149 days	3.25% p.a.	3.50% p.a.	3.50% p.a.	3.50% p.a.
150 - 155 days	3.25% p.a.	4.75% p.a.	4.75% p.a.	4.75% p.a.
156 - 179 days	3.25% p.a.	3.25% p.a.	3.25% p.a.	3.25% p.a.
180 - 239 days	3.50% p.a.	5.10% p.a.*	5.10% p.a.*	5.10% p.a.*
240 - 269 days	3.50% p.a.	3.50% p.a.	3.50% p.a.	3.50% p.a.
270 days < 12 months	3.50% p.a.	5.30% p.a.*	5.30% p.a.*	5.30% p.a.*
12 months < 18 months	4.50% p.a.	5.45% p.a.*	5.45% p.a.*	5.45% p.a.*
18 months < 2 years	4.60% p.a.	5.40% p.a.	5.40% p.a.	5.40% p.a.
2 years	0.00% p.a.	0.00% p.a.	0.00% p.a.	0.00% p.a.
* The returns on any investments in the Term PIE Fund which are for a term of less than 12 months, or which attract a special rate, will be paid at maturity. For longer terms you can choose to have returns paid quarterly, six-monthly, annually or at maturity. The default return payment frequency is quarterly. Returns on investments in the Term PIE Fund of 12 months or longer may be compounded or paid regularly to any New Zealand bank account.
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Term PIE Fund monthly income option
Term	$5,000-$9,999	$10,000-$49,999	$50,000-$99,999	$100,000-$249,999
180 - 239 days	3.50% p.a.	5.00% p.a.	5.00% p.a.	5.00% p.a.
240 - 269 days	3.50% p.a.	3.50% p.a.	3.50% p.a.	3.50% p.a.
270 days < 12 months	3.50% p.a.	5.10% p.a.	5.10% p.a.	5.10% p.a.
12 months < 18 months	4.50% p.a.	5.20% p.a.	5.20% p.a.	5.20% p.a.
18 months	4.45% p.a.	5.25% p.a.	5.25% p.a.	5.25% p.a.
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Term PIE Fund compounding return option
Term	$5,000-$9,999	$10,000-$49,999	$50,000-$99,999	$100,000-$249,999
12 months < 18 months	4.50% p.a.	5.45% p.a.	5.45% p.a.	5.45% p.a.
18 months < 2 years	4.60% p.a.	5.40% p.a.	5.40% p.a.	5.40% p.a.
2 years	0.00% p.a.	0.00% p.a.	0.00% p.a.	0.00% p.a.
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